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Main Subfund (011) (continued from previous page):
<br />Police Department
<br />Crisis Intervention Training grant $5,044
<br />Various Oregon Department of Transportation grants $89,060
<br />Total Revenue Adjustments $1,118,217
<br />Starting balance $12,000
<br />Contingency balance after SB1 $12,000
<br />Cultural Services Subfund (031):
<br />Equipment Replacement Subfund (041):
<br />FY18 FY19 FY19 FY19
<br />Adopted Adopted SB1 Action Revised
<br />General Fund Reserve for Revenue Shortfall $18,564,586 $20,529,817 ($2,750,232)$17,779,585
<br />General Fund 2021 Reserve $500,000 $0 $0 $0
<br />General Fund Reserve for Property Tax Appeals $500,000 $500,000 ($500,000)$0
<br />General Fund Reserve for Excess Local Marijuana Tax Revenues $0 $49,177 ($49,177)$0
<br />Reserve for Prior Year Encumbrances $2,877,865 $3,100,942 ($3,100,942)$0
<br />Cultural Services Subfund Reserve $2,133,517 $1,197,237 $1,121,207 $2,318,444
<br />Cultural Services Reserve - Dedicated Donations for Arts $31,111 $31,111 $0 $31,111
<br />Equipment Replacement Reserve $351,054 $450,920 $156,757 $607,677
<br />Total $24,958,133 $25,859,204 ($5,122,387) $20,736,817
<br />010 General Fund
<br />c)Contingency: 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 />g)Encumbrance Estimate Reconciliation: Increase the Library, Recreation and Cultural Services Department
<br />operating appropriations by $12,660, increase Reserves by $12,660, and decrease the Reserve for Encumbrance by
<br />$28,665 to reconcile the amount estimated for payment of obligations incurred but not paid in FY18 to the actual
<br />amount paid.
<br />h)Summary of the General Fund Reserves (All Subfunds):
<br />d)Beginning Working Capital Reconciliation: Increase the budgeted Beginning Working Capital by $1,121,207 and
<br />increase the Cultural Services Subfund Reserve by the same amount. This adjustment brings the FY19 budgeted
<br />Beginning Working Capital in compliance with the audited FY18 actual revenues and expenditures as determined by
<br />Isler & Company, LLC, the City's external auditor.
<br />e)Encumbrance Estimate Reconciliation: Increase the Library, Recreation and Cultural Services (LRCS)
<br />Department operating appropriations by $86,912 and decrease Reserve for Encumbrance by the same amount to
<br />reconcile the amount estimated for payment of obligations incurred but not paid in FY18 to the actual amount paid.
<br />f)Beginning Working Capital Reconciliation: Increase the budgeted Beginning Working Capital by $140,762 and
<br />increase the Equipment Replacement Subfund Reserve by the same amount. This adjustment brings the FY19
<br />budgeted Beginning Working Capital in compliance with the audited FY18 actual revenues and expenditures as
<br />determined by Isler & Company, LLC, the City's external auditor.
<br />12 December 10, 2018, Meeting – Item 5
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