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010 General Fund
<br />Main Subfund (011) (continued from previous page):
<br />c) This section is intended to provide the status of the Council's contingency account after including
<br />transactions that are authorized by City Council to be charged against it.
<br />Starting balance$32,000
<br />2016 election voter pamphlet costs($21,149)
<br />Contingency balance after SB1$10,851
<br />Cultural Services Subfund (031):
<br />d) Increase the budgeted Beginning Working Capital by $876,167 and
<br />increase the Cultural Services Subfund Reserve by the same amount. This adjustment brings the FY17 budgeted
<br />Beginning Working Capital in compliance with the audited FY16 actual revenues and expenditures as determined by Isler &
<br />Company, LLC, the City's external auditor.
<br />e) Increase the Library, Recreation and Cultural Services (LRCS) Department
<br />operating appropriations by $115,575 and decrease Reserve for Encumbrance by the same amount to reconcile the
<br />amount estimated for payment of obligations incurred but not paid in FY16 to the actual amount paid.
<br />f) Recognize Charges for Services revenue in the amount of $818,000 for anticipated
<br />increases in Hult Center activity, decrease Cultural Services Reserve by $325,000, and increase Library, Recreation and
<br />Cultural Services Department operating budget by $1,143,000 for costs associated with the increase Hult Center activity
<br />($818,000) and replacement of Silva/Soreng stage curtains, Silva stage rigging and pit floor replacement ($325,000).
<br />Equipment Replacement Subfund (041):
<br />g) Increase the budgeted Beginning Working Capital by $208,243 and
<br />increase the Equipment Replacement Subfund Reserve by the same amount. This adjustment brings the FY17 budgeted
<br />Beginning Working Capital in compliance with the audited FY16 actual revenues and expenditures as determined by Isler &
<br />Company, LLC, the City's external auditor.
<br />h) Increase the Library, Recreation and Cultural Services Department operating
<br />appropriations by $3,052, increase the Equipment Replacement Subfund Reserve by $66,948, and decrease the Reserve
<br />for Encumbrance by $70,000 to reconcile the amount estimated for payment of obligations incurred but not paid in FY16 to
<br />the actual amount paid.
<br />i) Increase the Fire and EMS Department operating appropriations by $81,177, increase the Library,
<br />Recreation and Cultural Services Department operating appropriations by $115,000 for equipment replacement not
<br />completed in the prior fiscal year, and decrease the Equipment Replacement Subfund Reserve by $196,177.
<br />010 General Fund
<br />j)
<br />FY16FY17FY17FY17
<br />dopteddoptedSB1 ActionRevised
<br />AA
<br />General Fund Reserve for Revenue Shortfall
<br />$14,390,703
<br />$9,451,371 $6,530,703 $7,860,000
<br />General Fund 2021 Reserve
<br />$500,000
<br />$0 $500,000 $0
<br />General Fund Reserve for Property Tax Appeals
<br />$500,000
<br />$695,000 $500,000 $0
<br />Reserve for Prior Year Encumbrances
<br />$0
<br />$3,116,698 $2,455,066 ($2,455,066)
<br />Cultural Services Subfund Reserve
<br />$2,335,970
<br />$1,663,631 $1,784,803 $551,167
<br />Cultural Services Reserve - Dedicated Donations for Arts
<br />$31,111
<br />$31,111 $31,111 $0
<br />Equipment Replacement Reserve
<br />$470,354
<br />$374,153 $391,340 $79,014
<br />$18,228,138
<br />Total$15,331,964 $12,193,023 $6,035,115
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