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Capital Outlay:
<br /> Capital Outlay expenditures increased by$33,000,or 14.8%. Capital expenditures proposed for
<br /> 2015 are as follows:
<br /> Administration $ 24,000 Copy machine and computers
<br /> Public Works $ 32,000 Equipment replacement reserves
<br /> Streets $200,000 Transfer to Street Capital Fund
<br /> Total Capital 256 000
<br /> Total 2015 Budgeted Expenditures for the General Fund: 2 244 424.
<br /> Fund Balance
<br /> The General Fund continues to have a healthy fund balance,which has been a positive factor in
<br /> the City's bond rating. The City's fund balance policy requires an unassigned fund balance of
<br /> 40%to 50%of current expenditures,which is$851,978- $1,064,972 for fiscal year 2014. The
<br /> following chart and table illustrate the historical trend of unassigned fund balance compared to
<br /> current year expenditures since 2008:
<br /> Unassigned Fund Balance Current Year Expenditures % Expenditures
<br /> 2008 1,157,516 2,629,176 44%
<br /> 2009 1,224,448 2,222,762 55%
<br /> 2010 1,063,198 2,197,049 48%
<br /> 2011 1,123,658 1,994,013 56%
<br /> 2012 1,184,072 2,019,789 59%
<br /> 2013 1,250,948 1,900,703 66%
<br /> Est 2014 1,250,948 2,124,016 59%
<br /> General Fund Unassigned Fund Balance Analysis
<br /> 1,400,000
<br /> 1,200,000
<br /> 1,000,000
<br /> 800,000
<br /> 600,000
<br /> 400,000
<br /> 200,000
<br /> 2008 2009 2010 2011 2012 2013 Est 2014
<br /> ■ Unassigned Fund Balance vTarget Fund Balance
<br /> 4
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