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620 Risk and Benefits Fund
<br />FY08FY08FY08
<br />AdoptedSB1 ActionRevised
<br />I.RESOURCES
<br />BEGINNING WORKING CAPITAL
<br />12,130,206
<br />10,887,0731,243,133
<br />a
<br />CHANGE TO WORKING CAPITAL
<br />REVENUE
<br /> Intergovernmental07,9657,965
<br />c
<br /> Charges for Services29,739,397029,739,397
<br /> Miscellaneous1,148,00001,148,000
<br />Total Revenue30,887,3977,96530,895,362
<br />TOTAL RESOURCES41,774,4701,251,09843,025,568
<br />II.REQUIREMENTS
<br />Department Operating
<br /> Central Services24,798,0917,26924,805,360
<br />b,c
<br />Total Department Operating24,798,0917,26924,805,360
<br />Non-Departmental
<br /> Debt Service4,086,00004,086,000
<br /> Interfund Transfers140,0000140,000
<br /> Reserve 8,681,550449,9639,131,513
<br />a
<br /> Balance Available4,068,829793,8664,862,695
<br />a,b
<br />Total Non-Departmental16,976,3791,243,82918,220,208
<br />TOTAL REQUIREMENT41,774,4701,251,09843,025,568
<br />S
<br />620 Risk and Benefits Fund
<br />Beginning Working Capital Reconciliation:
<br />a) Increase the budgeted Beginning Working Capital by
<br />$1,243,133, increase the Debt Service Reserve by $222,979, increase the Medical Rate Stabilization
<br />Reserve by $264,000, decrease the PERS Litigation Reserve by $37,016, and increase Balance
<br />Available by $793,170. The adjustments bring the FY08 Budgeted Beginning Working Capital in
<br />compliance with the audited FY07 actual revenues and expenditures as determined by Isler & Company,
<br />LLC, the City's external auditor.
<br />Encumbrance Estimate Reconciliation:
<br />b) Decrease the Central Services Department operating
<br />appropriation by $696 to reconcile the amount estimated for payment of obligations incurred but not paid
<br />in FY07 to the actual amount paid and increase the Balance Available by the same amount.
<br />Grant:
<br />c)Recognize Department of Homeland Security grant revenue of $7,965 and increase Central
<br />Services Department operating appropriation by the same amount.
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