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City of Centerville
<br />May 19, 2010
<br />Page 9
<br />A table summarizing the General fund balances in relation to budgeted expenditures and transfers out follows:
<br />Percent
<br />of Fund
<br />FundGeneral
<br />Balance to
<br />BalanceBudgetFund
<br />Budget
<br />YearDecember 31YearBudget
<br />2005$1,549,3562006$2,019,600 %77
<br />20061,563,33520072,177,20072
<br />20071,435,16420082,441,60059
<br />20081,157,51620092,692,28643
<br />20091,231,3262010 *2,159,59457
<br />*The City changed the budget methodologyto report the debt transfers directly in to Debt Service funds in 2009.
<br />Fund Balances as a Percent of Next Year’sBudget
<br />$4,000,000
<br />$3,500,000
<br />$2,692,286
<br />$3,000,000
<br />$2,177,200
<br />$2,441,600
<br />$2,159,594
<br />$2,500,000
<br />$2,019,600
<br />$2,000,000
<br />$1,500,000
<br />77%
<br />72%
<br />59%
<br />$1,000,000
<br />57%
<br />43%
<br />$500,000
<br />$-
<br />200520062007200820092010
<br />Actual Fund BalanceBudget
<br />We have compiled a peer group average derived from information available on the website of the Office of the State Auditor
<br />th
<br />class which have populations between 2,500 and 10,000.In 2008, the average General fund balance as a
<br />for Cities of the 4
<br />percentage of expenditures was 55 percent.Based on a comparison to the peer groups, the City’s General fund balance is
<br />higherthan average.
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