Sun Valley FY2010 Final Budget Fund Balance Analysis

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A Fund Balance Analysis of the FY 2010 City of Sun Valley Final Budget prepared by Council Member Nils Ribi and presented at the 7-30-09 City Council Meeting.

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Sun Valley FY2010 Final Budget Fund Balance Analysis

  1. 1. City of Sun Valley<br />Fund Balance Analysis<br />FY 2010 Approved Tentative Budget<br />Nils Ribi 7-30-09<br />
  2. 2. Determine financial resources available to meet contingencies:<br /> General Fund – Fund Balance 1,589,426.00<br /> Land Acquisition – Fund Balance 371,763.00<br /> Workforce Housing – Fund Balance 190,502.00<br />2,151,691.00<br /> General Fund - Contingency Fund 200,000.00<br /> Resources Available for Contingencies, End – FY10 2,351,691.00<br />Unreserved Fund Balance Analysis END of FY 2010<br />Sun Valley Fund Balance Analysis - FY 2010 Approved Tentative Budget - NR 7-30-09<br />
  3. 3. Determine annual operating expenditures:<br />General Fund Expenditures 5,124,463.00<br /> Less - Contingency Fund 200,000.00<br />Annual Operating Expenditures, FY10 4,924,463.00<br />Unreserved Fund Balance Analysis END of FY 2010<br />Sun Valley Fund Balance Analysis - FY 2010 Approved Tentative Budget - NR 7-30-09<br />
  4. 4. Calculate Unreserved Fund Balance Ratio END FY10:<br />Resources Available for Contingencies/Annual Operating Expenditures<br />2,351,691 / 4,924,463 = 48%<br />( 5.7months operating expenditures in reserves )<br />Unreserved Fund Balance Analysis END of FY 2010<br />Sun Valley Fund Balance Analysis - FY 2010 Approved Tentative Budget - NR 7-30-09<br />
  5. 5. Sun Valley Fund Balance Analysis - FY 2010 Approved Tentative Budget - NR 7-30-09<br />

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