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Fiscal Year 2020-2021 <br />Budget Discussion <br />GENERAL FUND <br />Beginning Fund Balance <br />Revenue <br />Expenditures <br />Transfers Out <br />Net Activity <br />Estimated Ending Fund Balance <br />Reserves (18% of recurring revenue) <br />Estimated Available Balance <br />FY20-21 <br />Current Adjusted Budget <br />$ 81,868,704 <br />323,593,143 <br />(313,226,023) <br />(21,290,260) <br />$ (10,923,140) <br />$ 70,945,564 <br />58,155,866 <br />$ 12,789,698 <br />Estimated Available Balance <br />comes from: <br />• $3 million of positive budget <br />variances from FY19-20 <br />• $2.7 million of unspent money <br />from closing FY14-15 AMES Fund <br />• $12.5 million increased sales tax <br />estimate, less $5.9 million <br />increase to Reserve <br />• When revenue estimates increase, <br />so does the required reserve <br />