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04/11/06
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04/11/06
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5/19/2025 3:48:23 PM
Creation date
4/7/2006 2:55:58 PM
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Meetings
Meeting Document Type
Agenda
Document Title
Finance Committee
Document Date
04/11/2006
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Total 2006 Expenditur~31~etFund - Fund Balance Requirements <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 2005 Operating Budget <br /> <br /> (582,375.00) <br /> <br />(1,177,618.00) <br /> (54,840.00) <br /> <br /> 8,347,767.00 <br /> <br />Fund Balance Policy Calculation <br /> 50% of Net 2005 Operating Budget <br /> Prepaids $5,039 <br /> Working Capital $4,168,845 <br /> <br />4,173,883.50 <br /> <br />10% of Net 2005 Operating Budget <br /> <br />834,776.70 <br /> <br />Designated for 2006Capital/Encumbered Expenditures <br /> General Fund Expenditures (From 2005 budget carry forward) <br /> Election Machines 32,000.00 <br /> Back up power unit Fire gl 30,000.00 <br /> Confined space rescue equipment 15,000.00 <br /> Org Study ($50,000 budgeted $14,000 spent to date) 36,000.00 <br /> 113,000.00 <br /> <br />General Fund Fund Balance 12/31/05 <br /> [not including compensated absences] <br /> <br />5,121,660.20 <br /> <br />Compensation absences adjustment <br /> ($463,607.97-2005/$407,119.33-2004) <br />General Fund Fund Balance 12/31/04 <br /> (net of Comp Absences) <br /> <br /> 56,488.64 <br />4,670,199.40 <br /> <br /> 507,949.44 <br /> 718,887.15 <br /> (210,937.71) <br /> <br />DIFFERENCE <br /> <br />Excess 2005 General Fund Revenues <br /> <br />TRANSFER OUT REQUIRED <br /> <br /> 141.658 <br /> 220.658 <br /> 220.658 <br />892.6315 <br /> <br />Capital Project Expenditures: <br />Lasher Project Management <br />St Francis Blvd Street Assess <br />Welcome Road (Project 05-27) <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 />100,000.00 Fund 400 <br /> 22,088.00 Fund 474 <br /> 70,500.00 Fund 475 <br />192,588.00 <br /> <br />(18,349.71) <br /> <br />(1,834.97) <br />(1,834.97) <br />(7,339.88) <br />(7,339.88) <br /> <br />(18,349.71) <br /> <br /> <br />
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