|
Table 11. Repair & Replacement Funds -Amended Budget vs. Actual
<br /> Year-end
<br /> Amended Recommended
<br /> Repair&Replacement funds 1, Budget Actual $Variance Actual
<br /> Beginning Fund Balance $22,724,944 $22,724,944 $0 $22,724,944
<br /> Plus Revenues 4,681,954 4,822,455 140,501 4,822,455
<br /> Less Net Transfers 208,000 211,939 3,939 211,939
<br /> Less Expenditures (10,042,538) (5,008,506) 5,034,032 (5,008,506)
<br /> Ending Fund Balance 17,572,360 22,750,832 5,178,472 22,750,832
<br /> Change in]Fund Balance ($5,152,584) 425,888 $5;178,472 $25,888
<br /> Self-Insurance Fund. The Self Insurance Fund accounts for losses and liabilities
<br /> related to lawsuits and public liability insurance claims and deductibles. The General
<br /> Fund currently funds a majority of the annual revenue to this fund based on claims
<br /> activity. The claims activity is reflected in Table 12. The current level of funding appears
<br /> to be adequate based on the current claims activity. As described in Table 12, the Self-
<br /> Insurance.Fund ending fund balance is $5,166,448 million or $21,219 less than
<br /> anticipated in the Amended Budget.
<br /> Table 12. Self-Insurance Fund — Amended Budget vs. Actual
<br /> ! _ Year-end
<br /> t- nded z 9 j 1Recommended.
<br /> self Insurance Fund 'IBudget igctual • 4$Variance :`w{, Actual
<br /> Beginning Fund Balance $5,307,667 $5,307,667 $0 $5,307,667
<br /> Plus Revenues 1,140,000 1,168,822 28,822 1,168,822
<br /> Less Expenditures (1,260,000) (1,310,041) (50,041) (1,310,041)
<br /> Ending Fund Balance 5,187,667 5,166,448 (21,219) 5,166,448
<br /> Change in fundBalance� ,` {($120;000)' ($141,219)16 (,$21;,�219,)• �G"` x'($141,219)
<br /> Page 11 of 12
<br />
|