2007-08/2008-09 OPERATING BUDGET MID-YEAR AND MID-TERM REVIE
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<br />SUMMARY OF OPERATING FUND BALANCES
<br />2007-082007-082008-092008-092008-09
<br />GENERAL FUND
<br />ORIGINALADJUSTEDORIGINALRECOMMENDEDADJUSTED
<br />BUDGETBUDGETBUDGETAMENDMENTSBUDGET
<br />$ 26,023,778$ 22,165,145
<br />July 1, Fund Balance22,984,307$ $ 1,620,83820,544,307$
<br /> 94,105,084 95,828,484
<br />Total Revenue95,970,413 (4,487,738)100,316,222
<br /> (310,780) 1,001,413
<br />Transfers In/(Out)(310,780) 1,298,013(296,600)
<br /> (7,012,450) (8,300,000)
<br />CIP Contributions(7,000,000) -(8,300,000)
<br /> (90,640,487) (92,759,897)
<br />Total Expenditures(91,099,633) 2,029,725(94,789,622)
<br />June 30, Fund Balance 20,544,30722,165,14517,474,307460,838 17,935,145
<br />less Reserves for:
<br /> (9,410,000) (9,580,000)
<br />Economic Uncertainties(9,600,000) 450,000(10,030,000)
<br /> (1,600,000) (200,000)
<br />Carryovers(800,000) 100,000(300,000)
<br /> (3,000,000) -
<br />Capital Projects(3,000,000) --
<br /> (2,000,000) (2,000,000)
<br />Golf Debt (2,000,000) -(2,000,000)
<br /> (55,145) (55,145)
<br />Loan & Inventory(44,307) (10,838)(44,307)
<br /> (6,100,000) (6,100,000)
<br />Temporary Recession(5,100,000) (1,000,000)(5,100,000)
<br />June 30, Available Fund Balance -$ -$ -$ -$ -$
<br />2007-082007-082008-092008-092008-09
<br />ENTERPRISE FUNDS
<br />ORIGINALADJUSTEDORIGINALRECOMMENDEDADJUSTED
<br />BUDGETBUDGETBUDGETAMENDMENTSBUDGET
<br />STORM DRAIN OPERATIONS & MAINTENANCE FUND: 343
<br />$ 429,901$ 400,028
<br />July 1, Fund Balance385,751$ $ 33,990366,038$
<br /> 667,082 685,023
<br />Total Revenue678,898 (2,720)687,743
<br /> 250,000 310,561
<br />Net Transfers250,000 10,561300,000
<br /> (946,955) (997,074)
<br />Total Expenditures(948,611) (5,590)(991,484)
<br />June 30, Fund Balance 366,038$ 400,028$ 362,297$ 36,241$ 398,538$
<br />WATER OPERATIONS & MAINTENANCE FUND: 381
<br />$ 11,002,186$ 11,020,444
<br />July 1, Fund Balance10,840,352$ $ (252,053)11,272,497$
<br /> 18,123,927 18,368,784
<br />Total Revenue18,208,566 (122,832)18,491,616
<br /> (1,614,415) (1,656,735)
<br />Net Transfers(1,614,415) 57,236(1,713,971)
<br /> (16,491,254) (16,662,468)
<br />Total Expenditures(16,162,006) 263,139(16,925,607)
<br />June 30, Fund Balance 11,272,497$ 11,020,444$ 11,124,535$ (54,510)$ 11,070,025$
<br />SEWER OPERATIONS & MAINTENANCE FUND: 383
<br />$ 4,198,081$ 3,787,574
<br />July 1, Fund Balance4,223,640$ $ 19,3723,768,202$
<br /> 11,370,857 11,462,610
<br />Total Revenue11,353,040 (11,430)11,474,040
<br /> (898,151) (864,294)
<br />Net Transfers(898,151) 26,965(891,259)
<br /> (10,883,213) (11,068,644)
<br />Total Expenditures(10,910,327) 99,539(11,168,183)
<br />June 30, Fund Balance 3,768,202$ 3,787,574$ 3,182,800$ 134,446$ 3,317,246$
<br />GOLF COURSE OPERATIONS FUND: 376
<br />$ 2,620,441$ 2,145,093
<br />July 1, Fund Balance2,220,474$ $ 855,7531,289,340$
<br /> 4,563,617 4,310,889
<br />Total Revenue4,136,240 78,1334,232,756
<br /> (1,595,620) (1,293,595)
<br />Net Transfers(1,595,620) -(1,293,595)
<br /> (3,443,345) (3,626,254)
<br />Total Expenditures(3,471,754) (164,697)(3,461,557)
<br />June 30, Fund Balance 1,289,340$ 2,145,093$ 766,944$ 769,189$ 1,536,133$
<br />CEMETERY FUND: 367
<br />$ 61,793$ 63,793
<br />July 1, Fund Balance-$ $ 63,793-$
<br /> 2,000 1,000
<br />Total Revenue- 1,000-
<br /> 93,160 30,200
<br />Net Transfers93,160 -30,200
<br /> (93,160) (30,200)
<br />Total Expenditures(93,160) -(30,200)
<br />June 30, Fund Balance -$ 63,793$ -$ 64,793$ 64,793$
<br />* Fund Balance includes debt service reserves as well as contingency and cash flow reserves.
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