HomeMy WebLinkAboutVersion 1 Fund BalanceFY 1 FY 2 FY 3 FY4 FY 5 2004/05 Actuals 2005/06 Actuals 2006/07 Actuals 2007/08 Adopted Budget 2007/08 Estimated Actuals 2008/09 Forecast 2009/10 Forecast 2010/11 Forecast 2011/12 Forecast
2012/13 Forecast Reserved Fund Balance Petty Cash Reserve 300 1,300 1,300 1,300 1,300 1,300 1,300 1,300 1,300 1,300 Reserve for Retiree Medical --62,500 62,500 62,500 62,500 62,500 62,500
62,500 62,500 Unreserved /Designated Fund Balance Designated for Operations 2,457,847 2,554,150 2,688,036 2,809,036 2,809,036 2,893,307 2,980,106 3,069,509 3,161,595 3,256,443 Designated
for Economic Uncertainty 1,350,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 Designated for Carryforwards 128,198 704,214 253,875 200,000
200,000 100,000 100,000 100,000 100,000 100,000 Designated for Capital Projects -614,997 --------Designated for Special Projects --450,000 450,000 450,000 450,000 450,000 450,000 450,000
450,000 Designated for Claims Payable --38,695 38,695 38,695 38,695 38,695 38,695 38,6?95 38,695 Designated for Grants --80,000 -------CITY OF SARATOGA Forecast Summary Worksheet -Version
1 GENERAL FUND FUND BALANCE BREAKDOWN g , Designated for CIP Radar Signs --47,000 -------Designated for Environmental Services 898,658 909,760 710,667 639,917 639,917 589,917 539,917
489,917 439,917 389,917 Designated for Comm. Development Fund 725,513 734,654 776,190 676,743 676,743 601,743 526,743 451,743 376,743 301,743 Designated for Comm. Development Deposits
-604,909 604,909 604,909 604,909 500,000 450,000 400,000 350,000 300,000 Designated for Information Technology --------Designated for Equipment Replacement --------Designated for Facility
Improvement --------Unreserved /Undesignated Fund Balance 1,798,435 2,755,288 1,753,950 1,986,731 2,237,396 2,597,197 2,701,891 2,769,905 2,788,747 2,741,141 7,358,951 10,379,272 8,967,122
8,969,831 9,220,496 9,334,659 9,351,152 9,333,570 9,269,497 9,141,738 12345 Revenue projections do not reflect speculative changes in State funding. While there is an expectation that
the State's fiscal crisis will impact City funding, the impact is unknown at this time February 1, 2008) Version 1 forecast reflects the current status quo factors, conditions, and assumptions
as applied to outyears. This forecast is a projection of known factors, conditions, and assumptions as applied to current operations for outgoing fiscal years. This forecast is not to
be interpreted as actual budget numbers, it is to be used as a planning tool to identify fiscal trends. The forecast outyears are based on the FY 2007/08 fiscal structure, which was
revised from prior years to incorporate operational staff into General Fund programs, and utilize Internal Service Funds for operational support functions. Forecast Notes TOTAL Fund
Balance Also beginning with FY 2007/08, the General Fund is limited to operational programs and expenses. Capital revenues and expenditures are now reflected in the Capital Improvement
Plan's funds/projects. p j f p g f g p f p yf g, p ( y , ) 67 General Fund Salary and Benefit amounts for FY 2004/05 -2006/07 reflect reduced staffing amounts as street maintenance staff
were previously allocated to a Special Revenue Fund. (2004/05 = $656,000 /2005/06 = $424,000 /FY 2006/07 = $436,000) Forecast salary and benefit amounts reflect increases utilizing the
maximum CPI increase rate under the current MOU, and anticipated insurance increases based on prior year increases.