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City of Pleasanton <br /> <br /> REPORT <br /> <br /> February 17, 1987 <br /> <br />HONORABLE MAYOR AND CITY COUNCIL <br />Pleasanton, Californi~-- <br /> <br />Mid-Year Budget Review - 1986-87 Fiscal Year <br /> <br />Honorable Mayor and Members of the Council: <br /> <br />Introduction <br /> <br />The Mid-Year Budget review is prepared by staff to provide an <br />updated status report on the financial condition of the General <br />Fund, Water Enterprise Fund, and the Sewer Enterprise Fund based <br />on the first six months of the fiscal year. Expenditure and <br />revenue estimates are reviewed and adjusted based on information <br />available today. <br /> <br />General Fund <br /> <br />An update and review of the General Fund indicates that the <br />projected balance at June 30, 1987 will be $3,320,763 or $27,304 <br />more than projected at the time the budget was adopted. The <br />table below summarizes the information required to develop the <br />Fund Balance projected as of June 30, 1987. <br /> <br /> ~eneral Fund Balance - June 30, 1987 <br /> <br /> Adopted Difference <br /> Budget Update Over (Under) <br /> <br />Fund Balance (7/1/86) $ 6,908,019 $ 8,550,521 $1,642,502 <br />Projected Revenues <br />& Transfers (Net) 19,680,116 19,496,911 (183,205) <br />Projected <br />Expenditures 16,565,625 17,850,233 1,284,608 <br />Contingency Reserve <br />Balance 800,000 69,272 (730,728) <br /> <br />SUBTOTAL $ 9,222,510 $10,127,927 $ 905,417 <br />Prop. 4 Transfer 5,929,051 6,807,164 878,113 <br /> <br />Projected Fund <br /> Balance (6/30/87) $3,293,459 $ 3,320,763 $ 27,304 <br /> <br /> <br />