HomeMy WebLinkAboutGeneral Fund Balance CarryoverGeneral Fund Balance Carryover Recommended Budget Forecast After
Final After Adustments Communications Upgrade
2021 2022 2022
Fund Balance as of beginning of year 5,299,731$ 5,696,643$ 5,696,643$
Actual/Forecast/Budgeted Carryover(shortage)396,912$ (686,800)$ (986,132)$ (299,332)$
Net available as of end of the year 5,696,643$ 5,009,843$ 4,710,511$
Expenditures including contingency 17,579,631$ 20,868,400$ 20,868,400$
Less Federal Grant-Covid Fiber Expenses (3,191,900)$ (6,066,500)$ (6,066,500)$
Less Contingency -$ (238,800)$ (238,800)$
Net Expenditures 14,387,731$ 14,563,100$ 14,563,100$
Minimum Reserve % of Expenditures:25%3,596,933$ 3,640,775$ 3,640,775$
Amount Above Minimum Reserve:25%2,099,710$ 1,369,068$ 1,069,736$
Actual Percentage 39.59%34.40%32.35%
Maximum Reserve % of Expenditures 33%4,747,951$ 4,805,823$ 4,805,823$
Amount over/(Under) 33%948,692$ 204,020$ (95,312)$