|
57
<br />r, • r •>� /1 111
<br />s' - # 11h ►• a a� 1 01110
<br />Administration $ 25,000
<br />Public Works 25,000
<br />Streets
<br />Total Capital M
<br />Equipment replacement reserves
<br />Equipment replacement reserves
<br />Transfer to Street Capital Fund
<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 amounts to $974,348 - $1,217,935 for fiscal year
<br />2018. The following chart and table illustrate the historical trend of unassigned fund balance
<br />compared to current year expenditures since 2010:
<br />1,400,000
<br />1,200,000
<br />1,000,000
<br />800a0o
<br />600,000
<br />400,000
<br />200,000
<br />Target Fund Balance
<br />1,098,525
<br />Unassigned Fund Balance
<br />2010
<br />1,063,198
<br />2011
<br />1,123,658
<br />2012
<br />1,184,072
<br />2013
<br />1,250,948
<br />2014
<br />1,319,013
<br />1,095,871
<br />1,167,292
<br />2016
<br />1,309,108
<br />Est 2017
<br />1,309,108
<br />1,400,000
<br />1,200,000
<br />1,000,000
<br />800a0o
<br />600,000
<br />400,000
<br />200,000
<br />Target Fund Balance
<br />1,098,525
<br />97%
<br />997,007
<br />113%
<br />11009,895
<br />117%
<br />950,352
<br />132%
<br />1,084,782
<br />122%
<br />977,252
<br />119%
<br />1,095,871
<br />119%
<br />1,217,935
<br />107%
<br />AnalysisGeneral Fund Unassigned Fund Balance
<br />2010 2012 20121
<br />3
<br />IN
<br />
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