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SUBJECT: 2020 RECOMMENDED BUDGET <br />DATE: SEPTEMBER 24, 2019 <br />PAGE6OF9 <br />20,000,000 <br />1 B.000,000 <br />16,000,000 <br />14,000,000 <br />12 000,000 <br />10,000,0�00�0}} <br />8,1�'y//.11lyy/:WOO9 <br />6,000,000 <br />4,000,000 <br />2,000,000 <br />rir <br />ti <br />-i 11111111 <br />2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 <br />- Revenue • Expenditures • Fund Balance <br />Large fluctuations in revenue, expendtures, and reserves within capital project funds are <br />typical. The City does not have a reserve policy for the Capital Projects Fund. The fund <br />balance is projected to decline to approximately $2.1 million at the end of 2022 and then <br />increase to approximately $3.4 million by the end of 2024. <br />CITY COUNCIL COMMUNICATION <br />16 <br />