HomeMy WebLinkAboutCouncil Presentation 09/01/2020-General Fund Balance & Reserve ImpactGENERAL FUND BALANCE & RESERVE IMPACT
Estimated Fund Balance
@ 6/30/20 $ 46,819,921
Project Carry Over 1,373,908
Transfers to Other Funds 2,015,321
Restricted for Debt Service 2,499,563
New Projects & One-time 3,742,225
Due from Wastewater 3,111,943
Due from Airport 1,079,926
Target Reserve 11,159,098
Pre-paid Expenses 330,333
Unassigned $ 21,507,604
PRELIMINARY YEAR END
RESULTS FY20
Project Carry Over,
$1.4
Transfers to other
funds, $2.0
Restricted for Debt
Service, $2.5
New Projects &
One-time, $3.7
Due from
Wastewater, $3.1
Due from
Airport, $1.1
Target Reserve,
$11.2
Pre-paid
Expenses, $0.3
Unassigned,
$21.5
General Fund Balance
25.0 29.6
36.6
46.8
38.5
$0
$10
$20
$30
$40
$50
2016-17 2017-18 2018-19 2019-20
Estimated
2020-21
BudgetedMillionsGeneral Fund Reserve Balances
Fund Balance 25% Coverage