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620 Risk and Benefits Fund
<br />FY19 FY19 FY19
<br />Adopted SB1 Action Revised
<br />I. RESOURCES
<br />BEGINNING WORKING CAPITAL 17,171,788 3,333,190 a 20,504,978
<br />CHANGE TO WORKING CAPITAL
<br />REVENUE
<br /> Intergovernmental 220,000 0 220,000
<br /> Charges for Services 44,345,716 0 44,345,716
<br /> Miscellaneous 412,160 0 412,160
<br />Total Revenue 44,977,876 0 44,977,876
<br />TOTAL RESOURCES 62,149,664 3,333,190 65,482,854
<br />II. REQUIREMENTS
<br />Department Operating
<br /> Central Services 39,378,122 (40,541) b 39,337,581
<br />Total Department Operating 39,378,122 (40,541)39,337,581
<br />Non-Departmental
<br /> Debt Service 6,999,400 0 6,999,400
<br /> Interfund Transfers 236,000 0 236,000
<br /> Reserves 7,121,362 321,074 a,b 7,442,436
<br /> Balance Available 8,414,780 3,052,657 a,b 11,467,437
<br />Total Non-Departmental 22,771,542 3,373,731 26,145,273
<br />TOTAL REQUIREMENTS 62,149,664 3,333,190 65,482,854
<br />620 Risk and Benefits Fund
<br />a) Beginning Working Capital Reconciliation: Increase the budgeted Beginning Working Capital by
<br />$3,333,190, increase Reserves by $321,074, and increase Balance Available by $3,012,116. These
<br />adjustments bring the FY19 Budgeted Beginning Working Capital in compliance with the audited FY18 actual
<br />revenues and expenditures as determined by Isler & Company, LLC, the City's external auditor.
<br />b) Encumbrance Estimate Reconciliation: Reduce the Central Services Department operating appropriations
<br />by $40,541 to reconcile the amount estimated for payment of obligations incurred but not paid in FY18 to the
<br />actual amount paid, and increase Balance Available by the same amount.
<br />36 December 10, 2018, Meeting – Item 5
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