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The SchooI Federal Programs Fund increased by $440,000 as the result of receiving over $643,412 in reimbursement <br />from the Federal Government for various grants. The Electric Fund experienced the largest decrease, declining <br />$1,473,719 for the month. This was caused by the transfer of $1,544,436 to the General Fund and $50,748 to the <br />Capital Reserve Fund. The General Fund decreased by $847,669 due to the transtar of $3,731,623 to the School Fund <br />mentioned earlier and the Water Fund declined by $367,310 as the result of a $375,000 transfer to the General Fund. <br /> <br />Projected Fund Balance <br /> <br />I project the City's total fund balance at year-end will be $3,802,550. This represents an increase of approximately <br />$2,232,656 for the fiscal year. <br /> <br />The attached spreadsheet displays the changes by fund. The Refuse and School Funds reported the largest increases of <br />$1,468,163 and $I,001,632 respectively. It appears a this time the SchooI will ask to reappropriate approximately <br />$600,000 of which the majority is for grants where they money was received upfront. Even if Council approves the <br />entire request the School Fund would have an increase of approximately $400,000 to almost $700,000. <br /> <br />The General Fund reported the largest decline failing $610,749 to a balance of $703,091. This was not unexpected and <br />is in fact approximately $53,000 higher than I projected in my last report. <br /> <br />I would be pleased to answer any questions you or Council may have regarding this report. <br /> <br />/~W. W. Barr ' '""trUeSt <br /> <br />/lmh <br />Attachments <br /> <br /> <br />