|
SUBJECT: PROPOSED BIENNIAL OPERATING & CAPITAL BUDGET
<br />DATE: NOVEMBER 5, 2018
<br />PAGE 12 OF 24
<br />Inter -Fund Transfers Matlix
<br />2020 Proposed Budget
<br />Transfers In
<br />Capital Golf
<br />General OS&P Cemetery Recreation Projects Course
<br />Transfers Out Fund Fund Fund Fund Fund Fund Total
<br />General Fund 881,640 a 99,830 b 1,093,530 c 1,000,000 d 132,930 e 3,207,930
<br />Cemetery Perpetual Care Fund - 17,150 f - 17,150
<br />PEG Fee Fund 25,000 g - 25,000
<br />Historic Preservation Fund 56,390' h - 56,390
<br />Capital Project Fund - - 129,690 i - - 129,690
<br />Impact Fee Fund 255,180 j - - 486,650 / - 742,030
<br />Total 81,390 1,136,820 116,980 1,223,220 1,486,850 132,930 4,178,190
<br />a Annual recurring support for operations and capital.
<br />b Annual recurring support for operations and capital.
<br />c Annual recurring support for operations and capital.
<br />d One-time non -recurring transfer do help fund capital projects.
<br />e Annual recurring support for operations and capital.
<br />f Annual recurring transfer of interest earned used to fund operations and capital.
<br />g Repayment of 2018 transfer from General Fund to support Council Chamber Broadcast Upgrade project
<br />h Annual recurring transfer for reimbursement of costs associated kWh part-time non -benefited hours in Museum
<br />r Annual recurring support for capital.
<br />J Annual transfer of impact fee revenue for projects eligible for this type of funding.
<br />•
<br />The final table on inter -fund transfers projects the General Fund's recurring support
<br />transfers from 2019 through 2024.
<br />General Fund Opel' alti no it Support Transfers
<br />Projected for 2019 Through 2024
<br />Operational support
<br />Transfers Too
<br />2019 2020 2021 2022 2023 2024 Totals
<br />Open Space & Parks Fund 849,770 881,640 912,500 944,440 975,130 1,006,820 5,570,300
<br />Cemetery Fund 102,600 99,830 101,960 103,830 107,500 111,340 627,060
<br />Recreation Fund 1,735,360 1,093,530 1,131,800 1,171,410 1,209,480 1,248,790 7,590,370
<br />Golf Course Fund 85,000 131,930 148,300 171,600 195,770 215,600 949,200
<br />Totals 2,772,730 i 2,207,930 2,294,560 2,391,280 2,487,880 2,582.550 14,736,930
<br />In addition to these annual support transfers, the General Fund is projected to make three
<br />non -recurring transfers to the Capital Projects Fund, as follows:
<br />• 2019 = $1,250,000
<br />• 2020 = $1,000,000
<br />• 2022 = $750,000
<br />CITY COUNCIL COMMUNICATION
<br />7
<br />
|