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A table summarizing the General fund balances in relation to budgeted expenditures out follows: <br /> <br />Percent <br />of Fund <br />TotalGeneral <br />Balance to <br />Fund BalanceBudgetFund <br />Budget <br />YearDecember 31YearBudget <br />2010$ 1,068,41120112,054,700$ 52 % <br />2011 1,142,32120121,902,800 60 <br />2012 1,205,82020131,914,400 63 <br />2013 1,258,59620141,951,416 64 <br />2014 1,319,01320152,044,424 65 <br />Fund Balances as a Percent of Next Year’s Budget <br /> <br /> $2,500,000 <br />$2,054,700 <br />$2,044,424 <br />$1,951,416 <br />$1,914,400 <br />$1,902,800 <br /> $2,000,000 <br /> $1,500,000 <br />65% <br />64% <br />63% <br />60% <br />52% <br /> $1,000,000 <br /> $500,000 <br /> $- <br />201020112012201320142015 <br />Actual Fund BalanceBudget <br /> <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 /> <br />-5- <br /> <br />