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A table summarizing the General fund balances in relation to budgeted expenditures out follows: <br /> Percent <br /> Total General of Fund <br /> Fund Balance Budget Fund Balance to <br /> Year December 31 Year Budget Budget <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 1,914,400 63 <br /> 2013 1,258,596 2014 1,951,416 64 <br /> 2014 1,319,013 2015 2,044,424 65 <br /> Fund Balances as a Percent of Next Year's Budget <br /> $2,500,000 - - <br /> $2,054,700 $2,044,424 <br /> $2,000,000 - $1,902,800 $1,914,400 $1,951,416 <br /> I <br /> $1,500,000 <br /> 60% 63% <br /> 64% 65% <br /> 52% <br /> I <br /> $1,000,000 <br /> i <br /> $500,000 <br /> I <br /> 2010 2011 2012 2013 2014 2015 <br /> <--Actual Fund Balance ---f-Budget <br /> We have compiled a peer group average derived from information we requested from the Office of the State Auditor for Cities of <br /> the 4th class which have populations of 2,500-10,000.In 2012 and 2013,the average General fund balance as a percentage of <br /> expenditures was 76 percent and 75,percent,respectively. <br /> People <br /> +Prooess. <br /> GoingB}Je <br /> -5- NllII1rs <br />