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OPERATING BUDGET <br /> Overview <br /> The result of all these efforts is an Operating Budget for the 2011/12FY and 2012/13FY <br /> that: <br /> ➢ is balanced <br /> ➢ provides funding to address City Council priorities <br /> ➢ maintains the General Fund reserves of $25.3 million. <br /> A more detailed discussion of the proposed two-year Operating Budget is contained <br /> herein Attachment 2; Budget Summary. <br /> Operating Budget Recap <br /> The Operating Budget is comprised of the General Fund which includes most operating <br /> services that the City provides (Police, Fire, Library, Recreation Services); the <br /> Enterprise Funds such as Water and Sewer which are funded from user rates and <br /> charges; numerous Internal Service Funds which are used primarily to provide current <br /> funding for future replacement costs and liabilities; and Trust and Special Revenue <br /> Funds which have specific revenue sources and restricted uses. <br /> General Fund Recap <br /> General Fund revenues are projected to increase 1.4% in 2011/12FY to $87.3 million <br /> and increase 2.7% in 2012/13FY to $89.7 million for a cumulative increase of 4.1% over <br /> the 2010/11 FY Midyear Budget of $86.1 million. <br /> General Fund Revenue Comparison <br /> (In Millions of Dollars) <br /> $91.0 <br /> 89.9 89.7 <br /> $90.0 <br /> $89.0 <br /> $88.0 873 <br /> $87.0 86.1 <br /> $86.0 <br /> $85.0 84.7 <br /> $84.0 <br /> $83.0 <br /> $82.0 _.. ... _. _ <br /> 2009 2010 2011 2012 2013 <br /> General Fund expenditures are expected to increase 1.8% in 2011/12FY to $84.5 <br /> million and 3.3% in 2012/13FY to $87.3 million for a cumulative increase of 5.1% over <br /> the 2010/11 FY Midyear Budget of$83.0 million. <br /> Page 3 of 5 <br />