Sun Valley FY2010 Tentative Budget Fund Balance Analysis

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A Fund Balance Analysis of the FY 2010 City of Sun Valley Tentative Budget prepared by Council Member Nils Ribi and presented at the 7-9-09 City Council Meeting.

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Sun Valley FY2010 Tentative Budget Fund Balance Analysis

  1. 1. Fund Balance Analysis FY 2010 Tentative Budget Nils Ribi 7-9-09
  2. 2. Determine financial resources available to meet contingencies: General Fund – Fund Balance 1,840,263.00 Land Acquisition – Fund Balance 589,496.00 Workforce Housing – Fund Balance 190,501.00 2,620,260.00 General Fund - Contingency Fund 200,000.00 Resources Available for Contingencies, End – FY10 2,820,260.00 Sun Valley Fund Balance Analysis - FY 2010 Tentative Budget - NR 7-9-09
  3. 3. Determine annual operating expenditures: General Fund Expenditures 5,124,463.00 Less - Contingency Fund 200,000.00 Annual Operating Expenditures, FY10 4,924,463.00 Sun Valley Fund Balance Analysis - FY 2010 Tentative Budget - NR 7-9-09
  4. 4. Calculate Unreserved Fund Balance Ratio END FY10: Resources Available for Contingencies/Annual Operating Expenditures 2,820,260 / 4,924,463 = 57% ( 6.8 months operating expenditures in reserves ) Sun Valley Fund Balance Analysis - FY 2010 Tentative Budget - NR 7-9-09
  5. 5. Sun Valley Fund Balance Analysis - FY 2010 Tentative Budget - NR 7-9-09

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