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SUBJECT: <br />DATE: <br />OPEN SPACE & PARKS FUNDING POLICY <br />OCTOBER 10, 2017 <br />PAGE 5 OF 7 <br />The amount of transfers projected from each fund for 2019-2021 are shown in the table <br />below. <br />2017 2018 2019 2020 2021 <br />Estimate Rec Bdy: Projection Projection Projection <br />Total Fund Surplusr(Deficit) (2.283.654) (1.369,343) (9520884) (718.612) (1.162.350) <br />General Fund Transfers (31 <br />Capital Project Fund Transfers <br />Total Transfers <br />476,269 574.280 688.290 <br />483.664 152,562 483,750 <br />9 59, 924 726,842 1,17.2,040 <br />{3; Ce iiebbr7 amounts. pr ojectea For Tterestt earn Thq,~ <br />Note that the General Fund transfer is slightly higher than the operational deficit due to <br />the exclusion of interest earnings in the transfer calculation. This ensures a slight <br />growth in the fund balance over time to help maintain the minimum reserves. <br />The following chart summarizes the impact of the transfers to the Open Space & Parks <br />Fund balance and demonstrates compliance with the minimum reserve policy. <br />9,000.000 <br />8,040,000 <br />7,000,000 <br />6,400,004 <br />5,000,0110 <br />4,008,000 <br />3,000.000 <br />2,000,000 <br />1,000,000 <br />1 <br />f <br />Open Space & Parks Fund <br />fr <br />1R� <br />2005 2006 2007 2008 2004 2010 2011 2017 2013 2014 2015 2016 2017 2018 2019 2020 2021 <br />—• Revenue — Expenditures usiim Fund Ba [ante —Minimum <br />CITY COUNCIL COMMUNICATION <br />