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40 City of Pleasanton Operating Budget • FY 2023/24 - FY 2024/25 <br />Fund Balances <br />The City’s operating fund balances represent accumulated funds available to be spent in the <br />future. Overall projected FY 2023/24 operating fund balances total $137.2 million, and for FY <br />2024/25, this total is expected to increase slightly to $138.7 million. The General Fund’s fund balance <br />is projected to decrease by $2.7 million from FY 2022/23 to FY 2023/24 and by $2.0 million from FY <br />2023/24 to FY 2024/25, largely due to an annual $2.0 million transfer to the Miscellaneous Capital <br />Fund. <br /> <br />Fund balances in the Internal Service Funds are projected to decrease by $3.9 million from FY <br />2022/23 to FY 2023/24 due to one-time replacement costs for vehicles and equipment exceeding <br />annual contribution totals, as well as reduced General Fund contributions to other repair and <br />replacement funds. Fund balances in the Enterprise Funds are expected go up due to increasing <br />revenues in the Water and Sewer Operating Funds combined with reduced expenditures. Fund <br />balances in the Special Revenue Funds are projected to decrease by $0.6 million from FY 2023/23 <br />to FY 2023/24 mostly due to a planned purchase of Police Department’s Mobile Command Center <br />vehicle utilizing the fund balance in the Law Enforcement Services Fund. <br />Actual <br />FY 21/22 <br />Modified <br />FY 22/23 <br />Projected <br />FY 23/24 <br />Projected <br />FY 24/25 <br />General Fund (1)$55,757,147 $54,385,469 $51,629,581 $49,604,320 <br />Internal Service Funds 50,161,858 40,380,406 36,523,626 36,603,596 <br />Enterprise Funds 23,223,176 15,874,492 17,260,499 18,435,796 <br />Special Revenue Funds 26,364,195 31,094,325 30,429,170 31,563,408 <br />Total $155,506,376 $141,734,692 $135,842,876 $136,207,120 <br />Table 12: Fund Balances - All Operating Funds <br /> (1) Includes fund balance for the Rainy Day Fund.