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Packet 06212022
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Last modified
6/28/2022 1:00:14 PM
Creation date
6/28/2022 1:00:03 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agenda
Document Date (6)
6/21/2022
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Reso 2022-108 Budget Resolution 2022-23
(Approved by)
Path:
\City Clerk\City Council\Resolutions\2022
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Analysis of General Fund Balance <br />•Projected General Fund reserves on June <br />30, 2023 (dollars in thousands) <br />•Proposed budget adjustments are <br />reflected in the overall fund balance <br />•Discussion about Undesignated fund <br />balance will occur as part of the overall <br />study outcomes of CIP, Trees, Parks and <br />facilities studies <br />18 <br />Category <br />Projected <br />Fund <br />Balance at <br />6/30/23 <br />Beginning Fund Balance - Projected 87,009 <br />FY 22-23 Net Activity - Projected (17,167) <br />Ending Fund Balance at June 30, <br />2023 - Projected 69,842 <br />Reserve Breakdowns <br />Nonspendable 7,627 <br />Assigned/Restricted 11,680 <br />Unassigned Fund Balances: <br />Compensated Absences 913 <br />Major Emergencies 5,000 <br />Economic Uncertainty 26,491 <br />Undesignated 18,131 <br />Total 50,535 <br />Total - All 69,842
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