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POWERPOINT - WORK STUDY - FY 20-21 DRAFT OPERATING BUDGET
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POWERPOINT - WORK STUDY - FY 20-21 DRAFT OPERATING BUDGET
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5/18/2020 10:49:16 AM
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City Clerk
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5/19/2020
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General Fund Balance & Reserve Policy <br />26 <br />Recommend using in FY 20-21 <br />$2.1 million Economic Uncertainty Reserve <br />$12.6 million Estimated Available <br />General <br />Fund <br />(in millions) <br />Beginning Balance $67.0 $67.0 $67.8 <br />Revenue $323.2 $312.6 $313.3 <br />Expenditures & <br />Transfers to/from other ($323.0)($311.8)($327.3) <br />Ending Balance $67.2 $67.8 $53.8 <br />Operating Reserve <br />(16.67% of Revenue)$53.9 $52.1 $52.2 <br />Economic Uncertainty <br />Reserve (1% of $3.2 $3.1 $1.0 <br />Available Reserve $10.1 $12.6 $0.6 <br />Ending Balance $67.2 $67.8 $53.8 <br />FY 19-20 <br />(Mid-Year Update on <br />Feb 18, 2020) <br />FY 19-20 <br />Including Hiring <br />Freeze and Franchise <br />Fee Revenue <br />FY 20-21 <br />DRAFT Budget
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