|
City of Centerville
<br />March 28, 2012
<br />Page 5
<br />A table summarizing the General fund balances in relation to budgeted expenditures and transfers out follows:
<br />Fund Balances as a Percent of Next Year's Budget
<br />$3,000,000
<br />$2,500,000
<br />$2,000,000
<br />$1,500,000
<br />$1,000,000
<br />$500,000
<br />go
<br />Actual Fund Balance Budget
<br />We have compiled a peer group average derived from information available on the website of the Office of the State Auditor for
<br />Cities of the 4th class which have populations between 2,500 and 10,000. In 2010, the average General fund balance as a
<br />percentage of expenditures was 67 percent. Based on a comparison to the peer groups, the City's General fund balance is lower
<br />than average but close to the recommended range.
<br />952.835.9090 • Fax 952.835.3261
<br />w w w.aemcpas. corn
<br />2007 2008 2009 2010 2011 2012
<br />Percent
<br />Total
<br />General
<br />of Fund
<br />Fund Balance
<br />Budget
<br />Fund
<br />Balance to
<br />Year
<br />December 31
<br />Year
<br />Budget
<br />Budget
<br />2007
<br />$ 1,435,164
<br />2008
<br />$ 2,441,600
<br />59 %
<br />2008
<br />1,157,516
<br />2009
<br />2,692,286
<br />43
<br />2009
<br />1,231,326
<br />2010
<br />2,184,430
<br />56
<br />2010
<br />1,068,411
<br />2011
<br />2,054,700
<br />52
<br />2011
<br />1,142,321
<br />2012
<br />2,091, 800
<br />55
<br />Fund Balances as a Percent of Next Year's Budget
<br />$3,000,000
<br />$2,500,000
<br />$2,000,000
<br />$1,500,000
<br />$1,000,000
<br />$500,000
<br />go
<br />Actual Fund Balance Budget
<br />We have compiled a peer group average derived from information available on the website of the Office of the State Auditor for
<br />Cities of the 4th class which have populations between 2,500 and 10,000. In 2010, the average General fund balance as a
<br />percentage of expenditures was 67 percent. Based on a comparison to the peer groups, the City's General fund balance is lower
<br />than average but close to the recommended range.
<br />952.835.9090 • Fax 952.835.3261
<br />w w w.aemcpas. corn
<br />2007 2008 2009 2010 2011 2012
<br />
|