Fund Balance Analysis FY 2010 Tentative Budget Nils Ribi 7-9-09
Sun Valley FY2010 Tentative Budget Fund Balance Analysis
Jun 04, 2015
A Fund Balance Analysis of the FY 2010 City of Sun Valley Tentative Budget prepared by Council Member Nils Ribi and presented at the 7-9-09 City Council Meeting.
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Fund Balance AnalysisFY 2010 Tentative
BudgetNils Ribi 7-9-09
Determine financial resources available to meet contingencies:
General Fund – Fund Balance 1,840,263.00Land Acquisition – Fund Balance 589,496.00Workforce Housing – Fund Balance 190,501.00
2,620,260.00General Fund - Contingency Fund 200,000.00
Resources Available for Contingencies, End – FY10 2,820,260.00
Sun Valley Fund Balance Analysis - FY 2010 Tentative Budget - NR 7-9-
09
Determine annual operating expenditures:
General Fund Expenditures 5,124,463.00Less - Contingency Fund 200,000.00
Annual Operating Expenditures, FY10 4,924,463.00
Sun Valley Fund Balance Analysis - FY 2010 Tentative Budget - NR 7-9-
09
Calculate Unreserved Fund Balance Ratio END FY10:
Resources Available for Contingencies/Annual Operating
Expenditures
2,820,260 / 4,924,463 = 57%
( 6.8 months operating expenditures in reserves )Sun Valley Fund Balance Analysis - FY 2010 Tentative Budget - NR 7-9-
09
Sun Valley Fund Balance Analysis - FY 2010 Tentative Budget - NR 7-9-
09
Related Documents
