SR 05:167 - Laserfiche WebLink

Total Operating Budget Recai~ The Operating Budget is comprised of the General Fund which provides most day to day services; the Enterprise Funds such as Water and Sewer which are funded from user rates and charges; numerous Internal Service Funds which are used primarily to provide current funding for future replacement costs and liabilities; and the Trust and Special Revenue Funds which have specific revenue sources and restricted use. For all Operating Funds, the total projected financial sources and recommended uses are summarized in the following table: Projected Financial Sources and Uses All Operating Funds 2005-06 2006-07 PROJECTED SOURCES: Revenues $170,268,399 $185,465,579 Transfers-in for debt service from CIP & Golf Fund* 1,986,115 1,990,315 TOTAL Sources $172,254,514 $187,455,894 RECOMMENDED USES: Operating expenditures $157,989,713 $169,044,118 General Fund C1P contributions 5,000,000 5,000,000 General Fund transfer to Golf Debt/Cash Flow Reserve 1,600,000 0 Water/Sewer net CIP contributions 3,776,295 3,857,413 Additions to Fund Balance 3,888,506 9,554,363 TOTAL Uses $172,254,514 $187,455,894 * Source of funding for the Golf debt service portion will be a combination of existing debt service reserve funds and golf course operations revenue. As part of the budget to be prepared in September or October 2005 for the golf course operations, the breakdown will be better defined. Overall revenues reflect a 6.4% increase in 2005-06 compared to the year before, and an 8.9% increase in 2006-07 compared to 2005-06. Overall projected expenditures reflect a 1.6% increase in the first year, and a 6.9% increase in the second year. General Fund Recap Included in the overall summary above is the General Fund, from which most day to day services are provided (excluding water, sewer, and storm drain maintenance and operations). For the General Fund only, projected financial sources and recommended uses are as shown in the table on the following page. SR05:167 4