|
M City of Centerville
<br /> im March 20, 2013
<br /> 1146 Page 5
<br /> A table summarizing the General fund balances in relation to budgeted expenditures and transfers out follows:
<br /> Percent
<br /> Total General of Fund
<br /> Fund Balance Budget Fund Balance to
<br /> Year December 31 Year Budget Budget
<br /> 2008 $ 1,157,516 2009 $ 2,692,286 43 %
<br /> 2009 1,231,326 2010 2,184,430 56
<br /> 2010 1,068,411 2011 2,054,700 52
<br /> 2011 1,142,321 2012 1,902,800 60
<br /> 2012 1,205,820 2013 2,083,300 58
<br /> Fund Balances as a Percent of Next Year's Budget
<br /> $3,000,000
<br /> $2,692,2-86
<br /> $2,500,000
<br /> $2,184,430
<br /> $2,054,700 $2,083,300
<br /> $2,000,000 $1,902,800
<br /> $1,500,000
<br /> 43% 56% 0 58%
<br /> 52% 60 /o
<br /> $1,000,000
<br /> $500,000
<br /> 2008 2009 2010 2011 2012 2013
<br /> —* Actual Fund Balance '*
<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 of 2,500- 10,000. In 2010 and 2011, the average General fund balance as a
<br /> percentage of expenditures was 67 percent and 69, percent, respectively.
<br /> 952.835.9090 • Fax 952.835.3261
<br /> www.aemepas.com
<br /> 116
<br />
|