|
FITIAH \NT0N.
<br /> BUDGET SUMMARY
<br /> 2011/12FY&2012/13FY Operating Budget
<br /> General Fund Reserves
<br /> The changes to General Fund Reserves are shown in the following tables for the adopted
<br /> 2010/11 FY Midyear Budget; the proposed 2011/12FY Budget and the proposed 2012/13FY
<br /> Budget:
<br /> 2010/11 FY per Midyear Budget Review
<br /> Estimated
<br /> General Fund- Fund Balance Reserve Balance 2010/11FY Balance
<br /> Designations 6/30/2010 Adjustments 6/30/2011
<br /> 10% Reserve for Economic Uncertainties 8,466,813 144,187 8,611,000
<br /> Undesignated Reserve 2,655,462 896,071 3,551,533
<br /> Reserve for Golf Debt Service 2,000,000 - 2,000,000
<br /> Temporary Recession Reserve 12,210,258 (1,040,258) 11,170,000
<br /> TOTAL 25,332,533 - 25,332,533
<br /> Changes to Reserves in 2011/12FY
<br /> Estimated Estimated
<br /> General Fund- Fund Balance Reserve Balance 2011/12FY Balance
<br /> Designations 6/30/2011 Adjustments 6/30/2012
<br /> 10% Reserve for Economic Uncertainties 8,611,000 122,000 8,733,000
<br /> Undesignated Reserve 3,551,533 - 3,551,533
<br /> Reserve for Golf Debt Service 2,000,000 - 2,000,000
<br /> Temporary Recession Reserve 11,170,000 (122,000) 11,048,000
<br /> TOTAL 25,332,533 - 25,332,533
<br /> Changes to Reserves in 2012/13FY
<br /> Estimated Estimated
<br /> General Fund- Fund Balance Reserve Balance 2012/13FY Balance
<br /> Designations 6/30/2012 Adjustments 6/30/2013
<br /> 10% Reserve for Economic Uncertainties 8,733,000 232,000 8,965,000
<br /> Undesignated Reserve 3,551,533 - 3,551,533
<br /> Reserve for Golf Debt Service 2,000,000 - 2,000,000
<br /> Temporary Recession Reserve 11,048,000 (232,000) 10,816,000
<br /> TOTAL 25,332,533 - 25,332,533
<br /> 9
<br />
|