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04/27/04
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04/27/04
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5/19/2025 3:54:36 PM
Creation date
4/26/2004 9:57:04 AM
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Meetings
Meeting Document Type
Agenda
Document Title
Finance Committee
Document Date
04/27/2004
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General Fund - Fund Balance Requirements 12/31/03 <br /> <br />Total 2004 Expenditure Budget <br /> <br />Less: <br /> <br />Transfers to Other Funds <br />Capital/Admin Costs Covered by Transfers <br /> (Other Financing Sources) <br />Debt Service Transfers <br /> <br />Net 204 Operating Budget <br /> <br />Fund Balance Policy Calculation <br /> 50% of Net 2003 Operating Budget <br /> Prepaids $56,313 <br /> Working Capital $2,684,130 <br /> <br />10% of Net 2003 Operating Budget <br /> <br />7,785,449.00 <br /> <br /> (534,456.00) <br /> <br />(1,138,512.00) <br /> (63,876.00) <br /> <br />6,048,605.00 <br /> <br />3,024,302.50 <br /> <br />604,860,50 <br /> <br />10% <br />40% <br />50% <br /> <br />General Fund Fund Balance 12/31/03 <br /> [not including compensated absences] <br /> <br />Compensation absences adjustment <br /> ($351,416.14-2003/$307,747.74-2002) <br />General Fund Fund Balance 12/31/02 <br /> <br />DIFFERENCE <br /> <br />Excess 2003 General Fund Revenues <br /> <br />TRANSFER OUT REQUIRED <br /> <br />TRANSFER IN AS FOLLOWS: <br /> Equipment Replacement Fund <br /> Facilities Construction Fund <br /> PIR Fund <br /> <br />3,629,163.00 <br /> <br /> 43,668.40 <br />3,785,731.56 <br /> <br />(112,900.16) <br />538,065.78 <br />(650,965.94) <br /> <br /> (65,096.59) <br />(260,386.38) <br />(325,482.97) <br /> <br />(650,965.94) <br /> <br /> <br />
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