Laserfiche WebLink
• $72,500 to the Capital Projects Fund for support capital projects. Staff does not anticipate <br />any additional transfers to the Capital Projects Fund through 2020. <br />The table below summarizes all interfund transfers included in the 2016 budget. <br />Transfers In <br />Capital Waste - <br />OS&P Cemetery Projects water <br />Transfers Out Fund Fund Fund Fund Total <br />General Fund 280,000 a 128,950 b 72,500 c 481,450 <br />Cemetery Perpetual Care Fund 2,000 d 2,000 <br />Impact Fee Fund 739,000 e 1,005,000 e 1,744,000 <br />Golf Course Fund 225,000 f 225,000 <br />Total 1,019,000 130,950 1,077,500 225,000 2,452,450 <br />a Annual recurring support for operations and capital. <br />b Annual recurring support for operations and capital. <br />c A one -time, non- recurring transfer to help fund capita! projects scheduled for 2016. <br />d Annual recurring transfer of interest earned used to fund operations and captial. <br />e Annual transfer of impact fee revenue for projects eligible for this type of funding. <br />f Annual repayment on S1.8 million loan for capital projects and debt defeasance. <br />Excluding interfund transfers, staff projects that total General Fund expenditures for 2015 will <br />increase by approximately $1,311,000, or 8.7 %, over 2014 actual expenditures. Staff projects <br />General Fund expenditures in the 2016 budget, excluding interfund transfers, and assuming a <br />3% "turnback" (positive actual -to- budget variance), will increase by approximately $94,000 from <br />the 2015 estimates. The chart below reflects the broad categories (expenditure functions) of <br />General Fund expenditures in the 2016 budget. <br />General Fund Expenditure Uses (excluding interfund transfers) <br />Culture & Recreation <br />29% <br />General Government <br />27% <br />Public Works <br />14% <br />Public Safety <br />30% <br />9 <br />