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Transmiftaq Lefter
<br />April 23, 2001
<br />Fund Balance
<br />The City's General Fund fund balance increased to $2,695,612 in 2000. The fund balance now
<br />represents 41.66 percent of the upcoming year's budget. The 2000 fund balance increase is
<br />again due mainly to building related revenues that exceeded both original, and amended budget
<br />projections. The City Council and management have consistently tried to maintain a fund
<br />balance that is adequate to fund unanticipated expenditures authorized by the Council such as
<br />new programs or services or other expenditures outside of the City's control such as a natural
<br />disaster. An adequate fund balance is also important because the City receives the majority of its
<br />revenues in July and December, therefore, adequate reserves must be on hand to cover
<br />expenditures for the first six months of the year,
<br />(1) Fund balance includes Unreserved and Reserved
<br />(2) Budget is Adopted Budget
<br />- ------ . . .. . ...... . . ....... . —
<br />General Fund Ten Year Trend
<br />7,000,000
<br />$6,000,000
<br />$5,000,000
<br />����/�������/�
<br />$4,000,000 -
<br />$3,000,000 - Fund Balance
<br />$2,000000 —a— Budget
<br />. . . . .........
<br />$1,000:000
<br />$0
<br />(JI ti�5p gp & Year
<br />.. .. . . ... ........ . . ..... ..... . . .... ...................... . ....... ..... . . ........ . . . ...... . ....... ...
<br />Ki
<br />Fund
<br />Fund Balance
<br />Budget
<br />Balance
<br />Year
<br />December 31 (1)
<br />Year
<br />Budget (2)
<br />to Budget
<br />1991
<br />$ 750,469
<br />1992
<br />$ 2,836,600
<br />26.46%
<br />1992
<br />809,514
<br />1993
<br />3,006,400
<br />26.93%
<br />1993
<br />943,365
<br />1994
<br />3,394,750
<br />27,79%
<br />1994
<br />982,698
<br />1995
<br />3,732,250
<br />26,33%
<br />1995
<br />1,246,362
<br />1996
<br />4,094,750
<br />30.44%
<br />1996
<br />1,609,394
<br />1997
<br />4,535,850
<br />35.48%
<br />1997
<br />1,973,208
<br />1998
<br />4,905,250
<br />40.23%
<br />1998
<br />1,973,208
<br />1999
<br />5,363,450
<br />36.79%
<br />1999
<br />2,312,880
<br />2000
<br />5,862,500
<br />39.45%
<br />2000
<br />2,695,612
<br />2001
<br />6,470,000
<br />41.66%
<br />(1) Fund balance includes Unreserved and Reserved
<br />(2) Budget is Adopted Budget
<br />- ------ . . .. . ...... . . ....... . —
<br />General Fund Ten Year Trend
<br />7,000,000
<br />$6,000,000
<br />$5,000,000
<br />����/�������/�
<br />$4,000,000 -
<br />$3,000,000 - Fund Balance
<br />$2,000000 —a— Budget
<br />. . . . .........
<br />$1,000:000
<br />$0
<br />(JI ti�5p gp & Year
<br />.. .. . . ... ........ . . ..... ..... . . .... ...................... . ....... ..... . . ........ . . . ...... . ....... ...
<br />Ki
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