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City of Centerville
<br />March 20, 2013
<br />Page 5
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<br />A table summarizing the General fund balances in relation to budgeted expenditures and transfers out follows:
<br />
<br />Percent
<br />of Fund
<br />TotalGeneral
<br />Balance to
<br />Fund BalanceBudgetFund
<br />Budget
<br />YearDecember 31YearBudget
<br />2008$ 1,157,5162009$ 2,692,286 43 %
<br />2009 1,231,3262010 2,184,430 56
<br />2010 1,068,4112011 2,054,700 52
<br />2011 1,142,3212012 1,902,800 60
<br />2012 1,205,8202013 2,083,300 58
<br />Fund Balances as a Percent of Next Years Budget
<br /> $3,000,000
<br />$2,692,286
<br /> $2,500,000
<br />$2,184,430
<br />$2,083,300
<br />$2,054,700
<br />$1,902,800
<br /> $2,000,000
<br /> $1,500,000
<br />56%
<br />58%
<br />43%
<br />60%
<br />52%
<br /> $1,000,000
<br /> $500,000
<br /> $-
<br />200820092010201120122013
<br />Actual Fund BalanceBudget
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<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 />
<br />percentage of expenditures was 67 percent and 69, percent, respectively.
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