HomeMy WebLinkAboutGeneral Fund Balance Carryover projected at YearEnd 2021 After receiving CARES grant and if Baseball Final Budget Adjustment ApprovedGeneral Fund Balance Carryover Initial Request After Final Cuts Projected Forecast
Final Final Budget Budget
After Final Baseball
Budget AJE and
receiving Full CARES
Grant Funding
2019 2020 2021 2021 2021
Fund Balance as of beginning of year 4,744,203$ 5,228,231$ 5,293,763$ 5,293,763$ 5,293,763$
Less Investment Set Aside-Finance Software (215,700)$ (255,700)$ (315,700)$ (305,700)$ (305,700)$
Additional Revenue from CARES Grant 920,978$
Actual/Forecast/Budgeted Carryover(shortage)484,028$ 65,532$ (1,140,800)$ (734,100)$ (1,064,100)$
Net available as of end of the year 5,012,531$ 5,038,063$ 3,837,263$ 4,253,963$ 4,844,941$
Expenditures including contingency 11,912,962$ 12,765,008$ 13,652,500$ 13,464,400$ 13,794,400$
Less Contingency n/a -$ (150,000)$ (150,000)$ (150,000)$
Net Expenditures 11,912,962$ 12,765,008$ 13,502,500$ 13,314,400$ 13,644,400$
Minimum Reserve % of Expenditures:25%2,978,241$ 3,191,252$ 3,375,625$ 3,328,600$ 3,411,100$
Amount Above Minimum Reserve:25%2,034,291$ 1,846,811$ 461,638$ 925,363$ 1,433,841$
Actual Percentage 42.08%39.47%28.42%31.95%35.51%
Maximum Reserve % of Expenditures 33%3,931,277$ 4,212,453$ 4,455,825$ 4,393,752$ 4,502,652$
Amount over/(Under) 33%1,081,254$ 825,610$ (618,562)$ (139,789)$ 342,289$