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PRESENTATION - 65B
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06/02/2020
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PRESENTATION - 65B
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6/2/2020 4:03:24 PM
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City Clerk
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6/2/2020
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6 Draft budget will be adjusted to eliminate use of Operating Reserve General Fund Budget Status <br />General Fund <br />Draft Budget <br />Beginning Balance$ 67,784,132 <br />Revenue 307,392,970 <br />Expenditures (310,065,470) <br />Transfers Out for: <br />Debt Service (9,336,460) <br />Cannabis Public Benefit Fund (6,766,700) <br />SARTC Subsidy (1,100,000) <br />Civic Center Authority (1,179,400) <br />Ending Fund Balance$ 46,729,072 <br />Operating Reserve (16.67% of Revenue) 51,242,408 <br />Economic Uncertainty Reserve (minimum 1%) - <br />General Fund Balance Excess/(Shortfall) (4,513,336) <br /> <br />
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