HomeMy WebLinkAboutGeneral Fund Balance Carryover.pdfGeneral Fund Balance Carryover
Forecast Budget
2015 2016
Fund Balance as of beginning of year 2,926,064$ 3,114,364$
Forecast/Budgeted Carryover(shortage)188,300$ 100,000$
Net as of end of the year 3,114,364$ 3,214,364$
Expenditures including contingency 10,108,800$ 10,422,100$
Less Contingency n/a (127,000)$
Net Expenditures 10,108,800$ 10,295,100$
Minimum Reserve % of Expenditures:25%2,527,200$ 2,573,775$
Amount Above Minimum Reserve:25%587,164$ 640,589$
Actual Percentage 30.8%31.2%
Maximum Reserve % of Expenditures 33%3,335,904$ 3,397,383$