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SUBJECT: 2022 YEAR -IN -REVIEW <br />DATE: JULY 18, 2023 PAGE 2 OF 5 <br />City of Louisville, Colorado <br />General Fund <br />2022 Projections & 2022 Audited Actuals <br />Beginning Fund Balance <br />Plus: <br />Revenue <br />Plus: <br />Transfers -In [1] <br />Less: <br />Expenditures <br />Less: <br />Transfers -Out [3] <br />Ending Fund Balance <br />Percent of Annual Op Exp <br />2022 <br />Final Budget Actual Variance <br />12,485,969 <br />25.991.300 <br />25.870.882 <br />(120.418) <br />5.409.580 <br />5.416,659 <br />T_079 <br />(30.068.930) <br />(22,673,004) <br />T,495.926 [2] <br />(6.020.880) <br />(6,016,186) <br />4.694 <br />15, 567,8 <br />54°la <br />[1] Transfers from ARPA ('One Time) . PEG Fee Fund and Historic Preservation Fund <br />[2] Variance Driven by 2022 Budget Amendment for Debris Removal <br />[3] Transfers to Open Space & Parks Fund. Cemetery Fund_ and Recreation Fund <br />The first column (Final Budget) summarizes the General Fund budgeted revenue and <br />expenditures. The second column (Actual) summarizes the final actual audited amounts. <br />The final column calculates a positive or negative variance between the actual amounts <br />and the Final budget. <br />For the General Fund, the 2022 ending fund balance of $15,567,998. The 2022 ending <br />fund balance is 54% of 2022 annual operating expenditures (as defined in the latest <br />Financial Policies), which is well above the 25% target as defined in the latest Financial <br />Policies. <br />The following tables present the same actual -versus -final budget analysis for the City's <br />other main operating funds, including the: <br />• Open Space & Parks Fund; • Consolidated Utility Fund; and <br />• Historic Preservation Fund; • Golf Course Fund. <br />• Capital Projects Fund; <br />CITY COUNCIL COMMUNICATION <br />7 <br />