HomeMy WebLinkAboutGeneral Fund Balance CarryoverGeneral Fund Balance Carryover
Final Forecast Budget
2019 2020 2021
Fund Balance as of beginning of year 4,744,203$ 5,228,231$ 4,423,131$
Less Investment Set Aside-Finance Software (215,700)$ (255,700)$ (315,700)$
Actual/Forecast/Budgeted Carryover(shortage)484,028$ (805,100)$ (1,140,800)$
Net available as of end of the year 5,012,531$ 4,167,431$ 2,966,631$
Expenditures including contingency 11,912,962$ 13,023,800$ 13,652,500$
Less Contingency n/a -$ (150,000)$
Net Expenditures 11,912,962$ 13,023,800$ 13,502,500$
Minimum Reserve % of Expenditures:25%2,978,241$ 3,255,950$ 3,375,625$
Amount Above Minimum Reserve:25%2,034,291$ 911,481$ (408,994)$
Actual Percentage 42.08%32.00%21.97%
Maximum Reserve % of Expenditures 33%3,931,277$ 4,297,854$ 4,455,825$
Amount over/(Under) 33%1,081,254$ (130,423)$ (1,489,194)$
Fund Balance Carryover in Budget Revenue $ 322,400 $ 575,700 TBD