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A table summarizing the General fund balances in relation to budgeted expenditures and transfers out follows: <br />Percent <br />of Fund <br />TotalGeneral <br />Balance to <br />Fund BalanceBudgetFund <br />Budget <br />YearDecember 31YearBudget <br />2009$1,231,32620102,184,430$56 % <br />20101,068,41120112,054,70052 <br />20111,142,32120121,902,80060 <br />20121,205,82020131,914,40063 <br />20131,258,59620142,120,41659 <br />Fund Balances as a Percent of Next Year’s Budget <br /> $2,500,000 <br />$2,184,430 <br />$2,120,416 <br />$2,054,700 <br />$1,902,800 $1,914,400 <br /> $2,000,000 <br /> $1,500,000 <br />56% <br />59% <br />63% <br />60% <br />52% <br /> $1,000,000 <br /> $500,000 <br /> $- <br />200920102011201220132014 <br />Actual Fund BalanceBudget <br />We have compiled a peer group average derived from information we requested fromthe Office of the State Auditor for Cities of <br />the 4th class which have populations of 2,500-10,000. In 2011 and 2012, the average General fund balance as a percentage of <br />expenditures was 69 percent and 76, percent, respectively. <br /> <br />