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Inter -Fund Transfers Matrix <br />2016 Recommended Budget <br />Transfers In <br />Capital Waste - <br />OS&P Cemetery Projects water <br />Transfers Out Fund Fund Fund Fund Total <br />General Fund 924,635 a 128,950 b 1,053,585 <br />Cemetery Perpetual Care Fund 2,000 c 2,000 <br />Impact Fee Fund 139,000 d 1,005,000 d 1,144,000 <br />Golf Course Fund 225,000 e 225,000 <br />Total 1,663,635 130,950 1,005,000 225,000 3,024,585 <br />a Annual recurring support for operations and capital. 2016 transfer includes $250,000 for reserve build -up. <br />b Annual recurring support for operations and capital. <br />c annual recurring transfer of interest earned used to fund operations and capful. <br />d Annual transfer of impact fee revenue for projects eligible for this type of funding. <br />e annual repayment on 51.8 million loan for capital projects and debt defeasance. <br />The 2016 Recommended Budget includes total expenditures (excluding interfund <br />transfers) of $68.1 million, a reduction of $16.8 million (9.7 %) from 2015 expenditure <br />estimates. This projected decline in City -wide expenditures is due to projected <br />reductions in capital spending from 2015 to 2016. However, there may be some carry - <br />forward of 2015 capital appropriations to 2016 through a future budget amendment for <br />capital projects that span more than one fiscal year. Total expenditures include $30.4 <br />million for operations, $3.6 million for debt service, and $33.8 million for capital outlay. <br />Total proposed appropriations for all funds, including interfund transfers, are $71.1 <br />million. <br />9 <br />52 <br />