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SUBJECT:
<br />DATE:
<br />ADOPTION OF 2016 BUDGET
<br />NOVEMBER 2, 2015
<br />PAGE 10 OF 11
<br />Total interfund transfers are estimated at $3,521,170 for 2015 and are proposed at
<br />$2,452,450 for 2016. The two schedules below summarize the interfund transfer for
<br />2015 and 2016.
<br />Inter -Fund Transfers Matrix
<br />2015 Estimate
<br />Transfers Out
<br />General Fund
<br />Cemetery Perpetual Care Fund
<br />Historic Preservation Fund
<br />Capital Projects Fund
<br />Impact Fee Fund
<br />Golf Course Fund
<br />Total
<br />Transfers In
<br />General
<br />Fund
<br />250,000 g
<br />Capital
<br />OS&P Cemetery Projects
<br />Fund Fund Fund
<br />256,560 a 141,630 b 900,000 c 98,370 d
<br />2,000 f
<br />Impact
<br />Fee
<br />Fund
<br />161,000 r 172,000
<br />Waste-
<br />water
<br />Fund
<br />225,000
<br />250,000 417,560 143,630 1,072,000 98,370 225,000
<br />Golf
<br />Course
<br />Fund Total
<br />451,610 e 1,848,170
<br />2,000
<br />250,000
<br />863,000 h 863,000
<br />333,000
<br />225,000
<br />3,521,170
<br />1,314,610
<br />a Annual recurring support for operations and capital.
<br />b Anneal recurring support for operations and capital.
<br />c A one -time, non - recurring transfer to help fund capital projects scheduled for 2015.
<br />d A one -time, non - recurring transfer for waived Impact Fees from (Boulder County ffousing Authority).
<br />e A one -time, non - recurring transfer to fund operations prior to the re- opening of the Golf Course.
<br />f Annual recurring transfer of interest earned used to fund operations and captial.
<br />g Final repayment on $1.5 million loan to fund acquistion of the Grain Elevator.
<br />h A one -time, non - recurring transfer for Goff Course capital projects.
<br />i Annual transfer of impact fee revenue for projects eligible for this type of funding.
<br />j Annual repayment on $1.8 million loan for capital projects and debt defeasarrce. Final payment scheduled for 2021.
<br />Inter -Fund Transfers Matrix
<br />2016 Recommended Budget
<br />Transfers Out
<br />General Fund
<br />Cemetery Perpetual Care Fund
<br />Impact Fee Fund
<br />Golf Course Fund
<br />Total
<br />Transfers In
<br />OS&P Cemetery
<br />Fund Fund
<br />280,000 a 128,950 b
<br />2,000 d
<br />739,000 e
<br />1,019,000
<br />Capital Waste -
<br />Projects water
<br />Fund Fund Total
<br />72,500 c 481,450
<br />2,000
<br />1,005,000 e 1,144,000
<br />225,000 f 225,000
<br />130,950 1,077,500 225,000 2,452,450
<br />a Annual recurring support for operations and capital.
<br />b Annual recurring support for operations and capital.
<br />c A one -time, non - recurring transfer to help fund capital projects scheduled for 2016.
<br />d Annual recurring transfer of interest earned used to fund operations and eaptial.
<br />e Annual transfer of impact fee revenue for projects eligible for this type of funding.
<br />f Annual repayment on 51.8 million loam for capital projects and debt defeasance.
<br />CITY COUNCIL COMMUNICATION
<br />69
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