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<br />620 Risk and Benefits Fund
<br />
<br />FY06
<br />Adopted
<br />
<br />FY06
<br />SB1 Action
<br />
<br />FY06
<br />Revised
<br />
<br />32,209,830 0 32,209,830
<br />615,000 0 615,000
<br />191,009 0 191,009
<br />33,015,839 0 33,015,839
<br />48,801,237 (42,025) 48,759,212
<br />
<br />I. RESOURCES
<br />
<br />BEGINNING WORKING CAPITAL
<br />CHANGE TO WORKING CAPITAL
<br />
<br />15,785,398
<br />
<br />REVENUE
<br />Charges for Services
<br />Miscellaneous
<br />Interfund Loans
<br />Total Revenue
<br />
<br />TOTAL RESOURCES
<br />
<br />(42,025) a
<br />
<br />15,743,373
<br />
<br />II. REQUIREMENTS
<br />
<br />Department Operating
<br />Central Services
<br />Total Department Operating
<br />
<br />22,209,532
<br />22,209,532
<br />
<br />Non-Departmental
<br />Debt Service
<br />Interfund Loans
<br />Interfund Transfers
<br />Reserve
<br />Reserve for Encumbrances
<br />Balance Available
<br />Total Non-Departmental
<br />
<br />4,200,550
<br />382,018
<br />192,000
<br />18,942.917
<br />40,500
<br />2,833,720
<br />26,591,705
<br />
<br />TOTAL REQUIREMENTS
<br />
<br />48,801,237
<br />
<br />620 Risk and Benefits Fund
<br />
<br />35,000 b
<br />35,000
<br />
<br />o
<br />o
<br />o
<br />1,280,551 c
<br />(40,500) b
<br />(1,317,076) a.b,c
<br />(77,025)
<br />
<br />(42,025)
<br />
<br />22,244,532
<br />22,244,532
<br />
<br />4,200,550
<br />382,018
<br />192,000
<br />20.223,468
<br />o
<br />1,516,644
<br />26,514,680
<br />
<br />48,759.212
<br />
<br />a) This action decreases the budgeted Beginning Working Capital by $42,025 and decreases
<br />Balance Available by the same amount. The adjustment brings the FY06 Budgeted Beginning
<br />Working Capital in compliance with the audited FY05 actual revenues and expenditures as
<br />determined by Grove, Mueller & Swank P.C., the City's external auditor.
<br />
<br />b) This action eliminates the Reserve for Encumbrance and distributes $35,000 to the Central
<br />Services Department for payment of obligations incurred but not paid in FY05 and places the
<br />residual amount of $5,500 in Balance Available.
<br />
<br />c) This action increases the Rate Stabilization Reserve by $1,150,000 to provide a margin for
<br />adverse deviations between projected and actual claims costs and and increases the PERS
<br />Pension Bond Reserve by $130,551. The offset is Balance Available, which is decreased by
<br />$1,280,551.
<br />
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