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620 Risk and Benefits Fund
<br />FY20 FY20 FY20
<br />Adopted SB1 Action Revised
<br />I.RESOURCES
<br />BEGINNING WORKING CAPITAL 22,590,053 358,112 a 22,948,165
<br />CHANGE TO WORKING CAPITAL
<br />REVENUE
<br /> Intergovernmental 235,000 0 235,000
<br /> Charges for Services 46,018,762 0 46,018,762
<br /> Miscellaneous 1,013,160 0 1,013,160
<br />Total Revenue 47,266,922 0 47,266,922
<br />TOTAL RESOURCES 69,856,975 358,112 70,215,087
<br />II.REQUIREMENTS
<br />Department Operating
<br /> Central Services 40,426,779 (153,592)b 40,273,187
<br />Total Department Operating 40,426,779 (153,592)40,273,187
<br />Non-Departmental
<br /> Debt Service 7,339,400 0 7,339,400
<br /> Interfund Transfers 281,000 0 281,000
<br /> Reserves 6,779,890 172,683 a 6,952,573
<br /> Balance Available 15,029,906 339,021 a,b 15,368,927
<br />Total Non-Departmental 29,430,196 511,704 29,941,900
<br />TOTAL REQUIREMENTS 69,856,975 358,112 70,215,087
<br />620 Risk and Benefits Fund
<br />a) Beginning Working Capital Reconciliation: Increase the budgeted Beginning Working Capital by
<br />$358,112, increase Reserves by $172,683, and increase Balance Available by $185,429. These adjustments
<br />bring the FY20 Budgeted Beginning Working Capital in compliance with the audited FY19 actual revenues
<br />and expenditures as determined by Isler CPA, the City's external auditor.
<br />b) Encumbrance Estimate Reconciliation: Reduce the Central Services Department operating
<br />appropriations by $153,592 to reconcile the amount estimated for payment of obligations incurred but not paid
<br />in FY19 to the actual amount paid, and increase Balance Available by the same amount.
<br />December 9, 2019, Meeting – Item 4CC Agenda - Page 326
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