|
As was mentioned earlier, interfund reimbursements and payments for overhead are
<br />reflected as interfund revenues and interfund expenditures. Therefore, the items that
<br />remain classified as transfers-out reflect movement of resources from one Fund to
<br />another rather than payment for something specific. In most of the cases shown
<br />below, the funds are being transferred to the CIP for either debt service payments,
<br />capital replacement reserves (water, sewer, storm) or capital improvement projects
<br />(streets, facilities, parks).
<br />
<br />The summary by Operating Fund is provided below:
<br />
<br />NET TRANSFERS IN/(OUT)
<br />
<br /> 2002-03 2003-04 2004-05
<br />General Fund Transfers to the CIP $ (10,200,000) $ (7,t00,000) $ (5,800,000)
<br />General Fund Match to Law
<br />Enforcement Grant Fund (1,277) 0 0
<br />Enterprise Funds to CIP (3,732,303) (3,962,924) (4,042,467)
<br />Law Enforcement Grant Match from
<br />General Fund 1,277 0 0
<br />TOTAL NET TRANSFERS-OUT $ (13,932,303) $ (11,062,924) $ (9,842,467)
<br />
<br />Net Change in Fund Balance for all Operating Funds is a $5.0 million increase in
<br />2003-04, and a $6.3 million increase in 2004-05. These changes are summarized by
<br />Fund type as follows:
<br />
<br />CHANGEINFUNDBALANCE
<br />
<br /> 2003-04 2004-05
<br />General Fund $ 140,000 $ (80,000)
<br />Enterprise Funds 1,531,891 1,693,717
<br />Debt Service Funds 0 0
<br />Internal Service Funds 4,109,943 3,866,683
<br />Irust Funds (318,300) (7,800)
<br />Special Revenue Funds (415,084) 830,322
<br />TOTAL CHANGE $ 5,048,450 $ 6,302,922
<br />
<br />B. GENERAL FUND
<br />
<br /> 1. General Fund Revenue
<br />
<br /> Projected General Fund revenues total:
<br />
<br /> > $73.2 million in 2002-03
<br /> ~ $75.5 million in 2003-04 (a 3.2% projected increase)
<br /> > $78.7 million in 2004-05 (a 4.2% projected increase).
<br />
<br />viii
<br />
<br />
<br />
|