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510 Municipal Airport Fund
<br />FY08FY08FY08
<br />AdoptedSB1 ActionRevised
<br />I.RESOURCES
<br />BEGINNING WORKING CAPITAL
<br />15,690,870(5,772,671)9,918,199
<br />a
<br />CHANGE TO WORKING CAPITAL
<br />REVENUE
<br /> Intergovernmental4,235,5455,389,3769,624,921
<br />c
<br /> Rental3,161,01603,161,016
<br /> Charges for Services4,326,67204,326,672
<br /> Fines/Forfeitures7,80007,800
<br /> Miscellaneous507,522715508,237
<br />a
<br />Total Revenue12,238,5555,390,09117,628,646
<br />TOTAL RESOURCES27,929,425(382,580)27,546,845
<br />II.REQUIREMENTS
<br />Department Operating
<br /> Fire/Emergency Medical Svcs673,9840673,984
<br /> Police372,0910372,091
<br /> Public Works4,999,072(84,978)4,914,094
<br />a,d
<br />Total Department Operating6,045,147(84,978)5,960,169
<br />Capital Projects
<br /> Capital Projects4,161,00004,161,000
<br /> Capital Carryover8,981,626(967,716)8,013,910
<br />b
<br />Total Capital Projects13,142,626(967,716)12,174,910
<br />Non-Departmental
<br /> Debt Service1,058,13501,058,135
<br /> Interfund Transfers364,0000364,000
<br /> Reserve 6,255,43306,255,433
<br /> Balance Available1,064,084670,1141,734,198
<br />a,b,c,d
<br />Total Non-Departmental 8,741,652670,1149,411,766
<br />TOTAL REQUIREMENTS27,929,425(382,580)27,546,845
<br />510 Municipal Airport Fund
<br />Beginning Working Capital Reconciliation:
<br />a) Decrease the budgeted Beginning Working Capital by
<br />$5,772,671, decrease the Public Works operating appropriation by $10,434, increase interest on investments $715,
<br />and decrease Balance Available by $5,281,297. These adjustments bring the FY08 Budgeted Beginning Working
<br />Capital in compliance with the audited FY07 actual revenues and expenditures as determined by Isler & Company,
<br />LLC, the City's external auditor.
<br />Capital Carryover Reconciliation:
<br />b) Decrease the capital carryover by $967,716 and increase Balance Available
<br />by $487,491. This adjustment reconciles the FY08 Capital Carryover Estimate to the actual ending FY07 capital
<br />projects balance and carry forward.
<br />Re-budget
<br />c) intergovernmental revenue of $5,389,376 supporting already budgeted capital projects and increase
<br />Balance Available by the same amount.
<br />Encumbrance Estimate Reconciliation:
<br />d) Decrease the Public Works Department operating appropriation by
<br />$74,544 to reconcile the amount estimated for payment of obligations incurred but not paid in FY07 to the actual
<br />amount paid and increase Balance Available by the same amount.
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