HomeMy WebLinkAboutCouncil Presentation 01/12/2021- General Fund Reserve ImpactGENERAL FUND BALANCE & RESERVE IMPACT Estimated Fund Balance @ 6/30/20 $ 46,110,854 Project Carry Over 1,373,908 Transfers to Other Funds 2,015,322 Restricted for Debt Service 2,499,562 New Projects & One-time 3,742,225 Due from Wastewater 3,111,943 Due from Airport 1,640,389 Target Reserve 11,159,098 Pre-paid Expenses 281,739 Unassigned $ 20,286,669 25.029.636.646.147.5$0$5$10$15$20$25$30$35$40$45$502016-17 2017-18 2018-19 2019-20 2020-21EstimatedMillionsGeneral Fund Reserve BalancesFund Balance25% ReservePRELIMINARY YEAR END RESULTS FY20 Project Carry Over, $1.4 M, 3%Transfers to other funds, $2.0 M, 4%Restricted for Debt Service, $2.5 M, 5%New Projects & One-time, $3.7 M, 8%Due from Wastewater, $3.1 M, 7%Due from Airport, $1.6 M, 4%Target Reserve, $11.2 M, 24%Pre-paid Expenses, $0.3 M, 1%Unassigned, $20.3 M, 44%General Fund Balance