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SUBJECT: RESOLUTION NO. XX, SERIES 2016
<br />DATE: MAY 17, 2016 PAGE 13 OF 14
<br />FISCAL IMPACT:
<br />The Finance Department has updated revenue, expenditure, and fund balance
<br />estimates for all funds based on the proposed budget adjustments in the attached
<br />resolution and other information. The following schedule summarizes those estimates
<br />for fiscal year 2016.
<br />Beginning Revenue Expenditures Ending Amount Percent
<br />Fund Fund & Other & Other Fund of of
<br />Description Balance Sources Uses [1] Balance Change Change
<br />General
<br />$ 5,340,826 $17,957,280 $ 17,453,840 $ 5,844,266 $ 503,440 91
<br />Special Revenue Funds:
<br />Urban Revitalization District 813,004 4,314,200 4,708,780 418,424 (394.580) -49%
<br />PEG Fees 31,370 26,200 24,040 33,530 2.160 7%
<br />Parking Improvement 6,109 50 6,159 50 1%
<br />Open Space & Parks 3,000,000 2,648,100 2,820,930 2,827,170 (172,830) -6%
<br />Conservation Trust - Lottery 673,038 457,450 560,860 569,628 (103.410) -15%
<br />Cemetery Perpetual Care 495,224 35,330 2.300 528,254 33,030 7%
<br />Cemetery 31,603 218,730 218,730 31,603 0%
<br />Historic Preservation 822,175 610,120 597,830 834,465 12,290 1%
<br />Total Special Revenue Funds 5,872,523 8,310,180 8,933,470 5,249,233 (623,290) -11%
<br />Capital Project Funds
<br />Capital Projects 5,597,091 9,491,340 15,040,380 48,051 (5.549.040) -99%
<br />Impact Fee 906,296 817.979 909,900 814,375 (91 921) -10%
<br />Total Capital Project Funds 6,503,387 10,309,319 15,950,280 862,426 (5.640.961) -871
<br />Debt Service Fund
<br />642,610 816,440 736,050 723,000 80,390 13%
<br />Enterprise Funds (WC Basis)
<br />Water Utility 8,012,715 14,576,660 12,272,598 10,316,777 2,304,063 29%
<br />Wastewater Utility 28,115,716 5,817,480 25.353,110 8,580,086 (19.535.630) -69%
<br />Stormwater Utility 7,015,985 4,155,830 10,146,930 1,024,885 (5.991,100) -85%
<br />Golf Course 157,869 1,961,100 2,219.970 (101,001) (258,870) -164%
<br />Solid Waste & Recycling Utility 34,876 1,596.760 1,556.960 74,676 39,800 114%
<br />Total Enterprise Funds 43,337,160 28,107,830 51,549,568 19,895,423 (23,441,738) -54%
<br />Internal Service Funds (WC Basis)
<br />Technology Management 152,801 70,990 30,750 193,041 40,240 26%
<br />Fleet Management 670,860 241.620 262.350 650,130 (20,730) -3%
<br />Total Internal Service Funds 823,661 312,610 293,100 843,171 19,510 21
<br />Total All Funds $62,520,167 $65,813,659 $ 94,916,308 $33,417,518 $(29,102,649) 47%
<br />[1] General Fund Expenditures Include a 3% Projected Turnback, which amounts to $ 520,260
<br />The Capital Projects Fund and the Golf Course Fund may need additional resources
<br />from other funds during 2016. This issue will be addressed during the 2017 -2021
<br />Capital Improvements Plan process.
<br />CITY COUNCIL COMMUNICATION
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