Laserfiche WebLink
General Fund <br />Incorporating the revenue assumptions, the operating expenditure targets, and the interfund transfer projections <br />into the long-term financial planning model results in the following graph, which summarizes a history and six - <br />year projection of revenue, expenditures, and fund balances for the General Fund. <br />30.000..000 <br />z5,000,000 <br />20,000,oaa <br />15,000,000 <br />10,000,000 <br />5,000,000 <br />General Fund <br />I P <br />riM <br />2008 2009 2010 2011 2012 2013 2014 2015 201& 2017 2018 2019 2020 2021 2022 2023 2024 2025 2025 <br />Revenue Expenditures 1— Fund Balance ;—.Target •,Mirtimrrm <br />The City's Reserve Policy for the General Fund states, <br />The minimum unrestricted fund balance of the General Fund shall be maintained at or above 15% of <br />current operating expenditures. For purpose of this policy, operating expenditures are defined as all <br />expenditures less any interfund transfers to other funds, regardless of whether the transfers are <br />considered recurring or non -recurring. <br />While the minimum unrestricted fund balance is set at 15% of current operating expenditures, the targeted <br />unrestricted fund balance will be at or above 20% of current operating expenditures. <br />The projected General Fund balance at the end of 2026 is $9.8 million. This equates to approximately 46% of <br />operating expenditures and is well above the targeted fund balance as defined in the Reserve Policy. <br />12 <br />