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City of Pleas.anton <br /> $TAFF <br /> REPORT <br /> <br /> February 18, 1986 <br /> <br /> HONORABLE CITY COUNCIL <br /> Pleasanton, California <br /> <br /> Mid-Year Budqet Review - 1985-86 Fiscal Year <br /> <br /> Honorable Mayor and Members of the City 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 on <br /> the first six months of the fiscal year. Expenditure and revenue <br /> estimates are reviewed and adjusted based on information available <br /> today. <br /> <br /> General Fund <br /> <br /> An update and review of the General Fund indicates that the <br /> projected balance at June 30, 1986 will be $4,065,981 or $67,542 <br /> less than projected at the time the budget was adopted. The table <br /> below summarizes the information required to develop the Fund <br /> Balance projected as of June 30, 1986. <br /> <br /> General Fund Balance - June 30, 1986 <br /> <br /> Difference <br /> Adopted Over <br /> Budget Update (Under) <br /> Audited Fund Balance $ 4,982,294 $ 5,616,433 $ 634,139 <br /> (7/01/85) <br /> Projected Revenue <br /> and Transfers (Net) 15,711,881 16,224,405 512,524 <br /> Projected Expenditures 13,879,669 14,608,373 728,704 <br /> Contingency Reserve 200,000 200,000 - <br /> <br /> SUBTOTAL $ 6,614,506 $ 7,032,465 $ 417,959 <br /> Prop. 4 Reserve 2,480,983 2,966,484 485,501 <br /> <br /> Projected Balance <br /> (6/30/86) $ 4,133,523 $ 4,065,981 $ (67,542) <br /> <br /> Page 1 <br /> SR 86:70 <br /> <br /> <br />