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SUBJECT: 2019 UPDATE & 2020-2024 PROJECTIONS
<br />DATE: MAY 6, 2020 PAGE 2 OF 7
<br />2019 Year -End Update
<br />The City's independent audit for 2019 is not yet complete, but staff is confident as to the
<br />amounts presented for audit. The following schedule summarizes the actual revenue,
<br />expenditures, and fund balances for 2017, 2018, and 2019. The ending fund balance at
<br />December 31, 2019 was $1,120,508.
<br />The 2020 Budget and the new 2020 Estimate are also presented. Differences between
<br />the account budgets and the new estimates are highlighted in red. Staff will review those
<br />differences during the meeting. If the Commission agrees with the new estimates, it may
<br />want to consider a 2020 budget amendment for those items.
<br />Beginning Fund Balance
<br />Revenue:
<br />Property Tax
<br />Interest Earnings
<br />Total Revenue
<br />Expenditures:
<br />Support Services - COL
<br />Cap Contr - COL - Underpass
<br />Cap Contr - COL - South St Reconstruct
<br />Regional Detention Land Comp - COL
<br />Cap Contr - COL - Undergrounding
<br />Cap Contr - COL - Downtown Lights
<br />TIF Refund - Boulder County
<br />TIF Refund - Fire District
<br />TIF Rebate - Loftus Developmen
<br />Assistance Agreement - 824 South
<br />Bond Maint Fees - Paying Agent
<br />Emergency Solutions Grants
<br />Professional Services - Investment Fees
<br />Professional Services - Other
<br />Payments from Construction Acct - DELO
<br />Principal -Bonds
<br />Interest -Bonds
<br />Total Expenditures
<br />Ending Fund Balance
<br />2017 2018 2019 2020
<br />Actual Actual Budget Actual Budget Estimate
<br />3,388,940 768,444 921,851 921,851 1,120,508 1,120,508
<br />796-640 1.269.070 1.616-382 1.647.856 1.998.640 1.932.070
<br />21.770 30.379 2.000 50.692 30.000 30.000
<br />817,410 1,289,448 1,617,382 1,698,547 2,028,540 1,962,070
<br />25.577 34.900 60.000 60.000 60.000 60,000
<br />75.000 300.118 948,107 948,107 - -
<br />178.327 24.906 - - -
<br />202.500 - - -
<br />- 170.000 - 170.000
<br />- 70,000 - 72,000 142.000
<br />56.035 88 873 116-500 116,054 142,900 138.140
<br />- - - - 76.870 73.880
<br />102.911 192.123 - -
<br />- - - - - 275.000
<br />6.500 7.150 7,150 7,150 7.150 7.150
<br />100.000
<br />3,176 3.484 200 931 3.500 3.500
<br />1,221 21.870 - 23,273 20.000 20.000
<br />2.466-745 127.518 - - 310.000 316.000
<br />- - 163.391 - 366-000 347 FIC10
<br />330.914 335.300 344.374 344,374 329.950 329.950
<br />3,447,906 1,136,041 1,868,722 1,499,890 1,376,370 1,981,620
<br />768,444 921,851 670,511 1,120,508 1,772,678 1,100,958
<br />Agenda Packet P. 16
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