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09/29/09 Special Meeting
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09/29/09 Special Meeting
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5/21/2025 3:04:47 PM
Creation date
9/25/2009 10:50:34 AM
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Meetings
Meeting Document Type
Agenda
Document Title
Finance Committee - Special
Document Date
09/29/2009
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<br />General Fund - Fund Balance Requirements <br /> <br />Total 2010 Expenditure Budget <br /> <br />Less: <br /> <br />Transfers to Other Funds <br />Capital/Admin Costs Covered by Transfers <br />(Other Financing Sources) <br /> <br />Net 2010 Operating Budget <br /> <br />Fund Balance Policy Calculation <br />50% of Net 2009 Operating Budget <br />Prepaids $5026.16 <br />Working Capital $4,898,333.34 <br /> <br />10% of Net 2010 Operating Budget <br /> <br />Designated for 201 OCapitallEncumbered Expenditures <br />Reduction in interest earnings for 2009 <br />Encumbered from 2008 use towards 2009 prop tax shortfall <br />Retain for 2010 budgeted expenses(retain 2008 excess reve) <br />Election Equipment Encumbered 2006-2007 <br /> <br />General Fund Fund Balance 12/31/10 <br />[not including compensated absences] <br /> <br />Compensation absences adjustment <br />($689,461.83-2009/$639,461.83-2008) <br />General Fund Fund Balance 12/31/08 <br />(net ofComp Absences) <br /> <br />DIFFERENCE <br /> <br />Excess 2009 General Fund Revenues <br /> <br />TRANSFER OUT REQUIRED <br /> <br />Net transfer out <br /> <br />TRANSFER IN AS FOLLOWS: <br />10% Park Maint Fund <br />10% Equipment Replacement Fund <br />40% Facilities Construction Fund <br />40% PIR Fund <br /> <br />9,698,041.00 <br /> <br />,(430,344.00) <br /> <br />9,267,697.00 <br /> <br />4,633,848.50 <br /> <br />926,769.70 <br /> <br />100,000.00 <br />122,000.00 <br />150,734.60 <br />82,323.00 <br />455,057.60 <br /> <br />6,015,675.80 <br /> <br />150,000.00 <br />6,339,088.55 <br /> <br />(173,412.75) <br /> <br />(175,887.00) <br /> <br />2,474.25 S~~- <br />J <br /> <br />2,474.25 <br /> <br />247.43 <br />247.43 <br />989.70 <br />989.70 <br /> <br />2,474.25 <br />
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