HomeMy WebLinkAboutCCWkspAgenda 10-5-2011Falcon Heights City Council Workshop
City Hall
2077 W Larpenteur Ave.
6:30 p.m.
AGENDA
Wednesday, October 5, 2011
5:OOpm
1) City Council Tour of U of M St. Paul Campus
Sustainability Efforts
6:30pm
1) City Hall Solar Panel Update
2) 2012 Special Revenue and Debt Service Budget Review
3) GASB 54 Discussion (Fund Balance Designation)
If you have a disability and need accommodation in order to attend this
meeting, please notify City Hall 48 hours in advance between the hours of
8:00 a.m. and 4:30 p.m. at 651- 792 -7600. We will be happy to help.
The City That Soars!
REQUEST FOR COUNCIL ACTION
Meeting Date
October 5, 2011
Agenda Item
Workshop 1
Attachment
Energy Alternatives Proposal
Payback Scenarios
Submitted By
Justin Miller, City Administrator
Item
City Hall Solar Panel Discussion
Description
Over the past year the City of Falcon Heights has been evaluating different
proposals for placing solar panels on the roof at city hall. Due to changing
requirements and funding decisions made by the state legislature and the Public
Utilities Commission, the original company interested in this project backed out. A
new company, Energy Alternatives, has stepped in and earlier this year the city
approved a letter of intent to work with them and further develop their proposal.
At this time Energy Alternatives has presented a new proposal. The framework
includes:
Total Project Cost: $321,600.00
Monthly Lease Payment (City pays to Energy Alternatives): $530.00
Total Lease payments by city over 72 month period: $38,160.00
Proposed city buyout after year six: $12,720.00
Total out -of- pocket cost to city: $50,880.00
The city would see a reduction in our electric bill due to the solar panel energy
generation, but at this time staff is still awaiting word from Xcel Energy about how
that credit would be structured. However, Energy Alternatives has produced three
payback scenarios based on their initial discussions with Xcel and other
communities that are pursuing this type of project. The payback periods for these
scenarios range from nine to seventeen years.
City staff and Energy Alternatives representatives have been reviewing draft
contracts in the event that the city council wishes to pursue this project. It is
possible for the panels to be installed yet this year if the council desires.
Representatives from Energy Alternatives will be present at the workshop to better
elaborate on their proposal and to answer any questions.
Families, Fields and Fair
Budget Impact
Undetermined at this time
Attachment(s)
Energy Alternatives Proposal dated 10/5/2011
Payback Scenarios
Action(s)
No action is requested, but if the council desires, contract documents could be
Requested
presented as soon as the next city council meeting.
10/5/2011
al ".!TS
City of Falcon Heights - tenKsolar Project Budget Summary
- City Hall
Project Summary: Turnkey installation of one (1) 40kW solar electric systems with monitoring
equipment.
Proposal includes all engineering, permitting, Xcel Energy applications, required site audit, and
energy output guarantee, under an ENERGY SAVINGS GUARANTEE CONTRACT.
Maintenance and repair included for the term of the lease.
Total Estimated Project Cost:
City Hall (39.92kW) $321,600.00
Equipment Operations Lease Term: 72 Months
Equipment Operations Lease Payment:
Monthly: $530.00
City of Falcon Heights would be the legal owner of the system. Energy Alternatives is the "tax
owner" for all tax benefits during the leaseback term. At the end of the leaseback term EA
exercises the bargain purchase option to purchase the system for $1.00. City of Falcon Heights
can then purchase system from EA for $12,720.00 or continue to lease the system on a year -to-
year basis.
Structure approved by Xcel Enerav to transfer tax ownership to EA
EA designs and installs the solar systems
EA sells the solar systems to Falcon Heights for $321,600.00
EA leases the system back from Falcon Heights and
makes all lease payments in advance in the amount of $321,600.00
Falcon Heights makes Operations Lease Payments.
All rebates and tax incentives accrue to EA and are subject to change until final project
approval. Proposal is subject to site inspection and project favorable engineering results.
• The $530.00 monthly lease payment is offset by approximately $4,505 in annual energy
savings to the City by the reduction of approximately 53,000 kwh annually produced by
the solar panels and not being purchased from Xcel Energy. As an example, if the City is
paying $0.085 per kwh, the net cost to the City would be approximately $1,855 per year
for the system for the term of the lease.
Respectfully submitted,
Energy Alternatives
17685 Juniper Path, Suite 301
Lakeville, MN 55044
17685 Juniper Path, Suite 301, Lakeville, MN 55044 [t] 651.460.6100 [f] 651.460.6717 [w] www.energyalternativexom
Energy Alternatives
Confidential
Total out of pocket cost per avoided kWh System size Annual Kwh production Note: annual production based on
53,000 kWh per 39.96kW system
$ 50,880.0 1 $ 0.0450 39.92 KW I 52947 kWh or
F- 3.00/ Projected Annual Utility Rate and Fuel Cost Increase
Current Utility Rate per kWh
Year
Rate
Impact
Utility
Rate
1
100.0%
$
0.0450
2
103.0%
$
0.0464
3
106.1%
$
0.0477
4
109.3%
$
0.0492
5
112.6%
$
0.0506
6
115.9%
$
0.0522
7
119.4%
$
0.0537
8
123.0%
$
0.0553
9
126.7%
$
0.0570
10
130.5%
$
0.0587
11
134.4%
$
0.0605
12
138.4%
$
0.0623
13
142.6%
$
0.0642
14
146.9%
$
0.0661
15
151.3%
$
0.0681
16
155.8%
$
0.0701
17
160.5%
$
0.0722
18
165.3%
$
0.0744
19
170.2%
$
0.0766
20
175.4%
$
0.0789
$ 0.0450
$ /years to
Break even
$ 50,880
$ 48,497
$ 46,043
$ 43,516
$ 40,912
$ 38,230
$ 35,468
$ 32,623
$ 29,693
$ 26,675
$ 23,566
$ 20,364
$ 17,066
$ 13,669
$ 10,170
$ 6,566
$ 2,854
$ (969)
$ (4,908)
$ (8,964)
$ (13,142)
"Out of pocket" Math
72 months at $530 per
Lease end Buy out
Total
1326.326 per installed kW
$ 38,160
$ 12,720
$ 50,880
Energy Alternatives
Confidential
Total out of pocket cost per avoided kWh System size Annual Kwh production Note: annual production based on
53,000 kWh per 39.96kW system
$ 50,880.0 1 $ 0.0610 39.92 KW I 52947 kWh or
F- 3.00/ Projected Annual Utility Rate and Fuel Cost Increase
Current Utility Rate per kWh
Year
Rate
Impact
Utility
Rate
1
100.0%
$
0.0610
2
103.0%
$
0.0628
3
106.1%
$
0.0647
4
109.3%
$
0.0667
5
112.6%
$
0.0687
6
115.9%
$
0.0707
7
119.4%
$
0.0728
8
123.0%
$
0.0750
9
126.7%
$
0.0773
10
130.5%
$
0.0796
11
134.4%
$
0.0820
12
138.4%
$
0.0844
13
142.6%
$
0.0870
14
146.9%
$
0.0896
15
151.3%
$
0.0923
16
155.8%
$
0.0950
17
160.5%
$
0.0979
18
165.3%
$
0.1008
19
170.2%
$
0.1038
20
175.4%
$
0.1070
$ 0.0610
$ /years to
Break even
$ 50,880
$ 47,650
$ 44,324
$ 40,897
$ 37,368
$ 33,733
$ 29,989
$ 26,132
$ 22,160
$ 18,068
$ 13,854
$ 9,514
$ 5,043
$ 438
$ (4,305)
$ (9,190)
$ (14,222)
$ (19,405)
$ (24,743)
$ (30,242)
$ (35,905)
"Out of pocket" Math
72 months at $530 per
Lease end Buy out
Total
1326.326 per installed kW
$ 38,160
$ 12,720
$ 50,880
Energy Alternatives
Confidential
Total out of pocket cost per avoided kWh System size Annual Kwh production Note: annual production based on
53,000 kWh per 39.96kW system
$ 50,880.0 1 $ 0.0850 39.92 KW I 52947 kWh or
F- 3.00/ Projected Annual Utility Rate and Fuel Cost Increase
Current Utility Rate per kWh
Year
Rate
Impact
Utility
Rate
1
100.0%
$
0.0850
2
103.0%
$
0.0876
3
106.1%
$
0.0902
4
109.3%
$
0.0929
5
112.6%
$
0.0957
6
115.9%
$
0.0985
7
119.4%
$
0.1015
8
123.0%
$
0.1045
9
126.7%
$
0.1077
10
130.5%
$
0.1109
11
134.4%
$
0.1142
12
138.4%
$
0.1177
13
142.6%
$
0.1212
14
146.9%
$
0.1248
15
151.3%
$
0.1286
16
155.8%
$
0.1324
17
160.5%
$
0.1364
18
165.3%
$
0.1405
19
170.2%
$
0.1447
20
175.4%
$
0.1490
$ 0.0850
$ /years to
Break even
$ 50,880
$ 46,380
$ 41,744
$ 36,969
$ 32,052
$ 26,986
$ 21,769
$ 16,395
$ 10,860
$ 5,159
$ (713)
$ (6,761)
$ (12,991)
$ (19,408)
$ (26,017)
$ (32,824)
$ (39,836)
$ (47,058)
$ (54,496)
$ (62,158)
$ (70,050)
"Out of pocket" Math
72 months at $530 per
Lease end Buy out
Total
1326.326 per installed kW
$ 38,160
$ 12,720
$ 50,880
The City That Soars!
REQUEST FOR COUNCIL ACTION
Meeting Date
October 5, 2011
Agenda Item
Workshop 2
Attachment
2012 Special Revenue and Debt Service
Budgets
Submitted By
Justin Miller, City Administrator
Item
Review of 2012 Draft Special Revenue and Debt Service Budgets
Description
Each year, as part of the budget process, the city council reviews and adopts
budgets relating to existing debt service obligations as well as special revenue
funds. Attached to this report are the draft 2012 debt service and special revenue
budgets for the city council's review. Highlights include:
Debt Service
G.O. Equipment Certificates, Series 2010A (306 )-serves as the account for the
equipment certificates that were issued by the city in 2010. 2012 will be the second
year of payments and are in the same amount as in 2011.
Special Revenue
Park Programs (201) - This budget reflects revenues and expenses associated with
conducting the city's park and recreation programs. There are no major changes
included in this budget, and staff will have participation and program reports
available for review at the workshop.
Community Garden (203x- includes revenues (plot rental fees) and expenses
associated with the community garden at Community Park. No major changes are
being proposed.
Water (204) - includes revenues from the hydrant charges billed on each water bill
(6% of water consumption charges). This money is used for hydrant repairs and
potential fire truck repairs/ replacements. There are no major changes being
recommended at this time.
Recycling (206) - includes revenues (charges to property owners) and expenses
(mostly the contract amount charged by the recycling hauler). 2012 will be the
second year of the contract with Tennis Sanitation. Tennis charges the city
$3.00 /household /month, and for 2011 the rate was increased for the first time in
several years. For 2012, staff is proposing a rate increase from $2.50/ month to
$3.00 /month.
Families, Fields and Fair
Community / Economic Development (208) - includes money for special studies
and /or projects identified by the city council. Revenue includes annual right -of-
way lease fees from the BP gas station at the corner of Snelling and Larpenteur. In
order to meet one of the city council's goals of creating a citywide economic
development plan, staff has included $6,000 in the 2012 budget.
Street Lighting (209) - this fund was established in 2010 to account for the street
light utility fee. $2.00 per month is charged to homeowners, and a similar amount is
charged to non - residential properties based on their street frontage. Payments are
being received as expected, and staff is not proposing any changes to this fund for
2012.
CERT Grant (210 and 211) - serve as the funds that track expenses and revenues
associated with the CERT grants received from the Minnesota Department of
Homeland Security and Emergency Management. Classes and projects continue to
proceed as scheduled with all expenses being aid for through the grants received.
Budget Impact
Proposed budget worksheets are attached.
Attachment(s)
Proposed Debt Service and Special Revenue Fund Budgets
Action(s)
No action is required, but staff will be seeking input if changes are requested so that
Requested
the budgets can be amended when formally adopted in December.
G.O. EQUIPMENT CERTIFICATES, SERIES 2010A (306)
4 -2
COMPARE 2011
COMPARE 2011
ACCOUNT
ACTUAL
ACTUAL
BUDGET
ESTIMATED
BUDGET
BUDGETTO
BUDGETTO
NUMBER
ACCOUNT TITLE
2009
2010
2011
2011
2012
2010 BUDGET
ESTIMATED 2010
REVENUES:
FINES & FORFEITS
36100
SPECIAL ASSESSMENTS
0
0
72,300
72,300
72,300
0.0%
0.0%
TOTAL FINES &FORFEITS
0
0
72,300
72,300
72,300
0.0%
0.0%
MISCELLANEOUS
36211
INTEREST ON INVESTMENTS
0
0
0
0
0
TOTAL MISCELLANEOUS
0
0
0
0
0
TOTALREVENUES
0
0
72,300
72,300
72,300
0.0%
0.0%
OTHER FINANCING SOURCES
39200
TRANSFERS
0
0
0
0
0
TOTAL OTHER FINANCING SOURCES
0
0
0
0
0
TOTAL REVENUES &
OTHER FINANCING SOURCES
0
0
72,300
72,300
72,300
0.0%
0.0%
EXPENDITURES,
OTHER SERVICES & CHARGES
80310
AUDIT
0
0
600
535
600
0.0%
12.1%
TOTAL OTHER SERVICES & CHARGES
0
0
600
535
600
0.0%
12.1%
DEBT SER VICE
94000
BOND PRINCIPAL
0
0
65,000
65,000
65,000
0.0%
0.0%
94500
BOND INTEREST
0
0
4,811
4,811
3,417
-29.0%
-29.0%
94900
BOND FEES
0
0
1,850
900
2,000
8.1%
122.2%
TOTAL DEBT SERVICE
0
0
71,661
70,711
70,417
-1.7%
-0.4%
TOTAL EXPENDITURES
0
0
72,261
71,246
71,017
-1.7%
-0.3%
FUND BALANCE - JANUARY 1
0
0
0
39
1,093
2702.6%
CHANGE IN FUND BALANCE
0
0
39
1,054
1,283
3189.7%
21.7%
FUND BALANCE - DECEMBER 31
0
0
39
1,093
2,376
5992.3%
117.4%
4 -2
PARK PROGRAMS (201)
COMPARE 2011
COMPARE 2011
ACCOUNT
ACTUAL ACTUAL
BUDGET
ESTIMATED
BUDGET
BUDGETTO
BUDGETTO
NUMBER
ACCOUNT TITLE
2009
2010
2011
2011
2012
2010 BUDGET
ESTIMATED 2010
REVENUES:
CHARGES FOR SERVICES
34310
RECREATION FEES
15,258
12,598
13,000
10,200
10,848
-16.6%
6.4%
34340
NON - RESIDENT FEES
9,688
14,302
11,500
18,500
17,000
47.8%
-8.1%
34350
5K RUN
30
0
500
0
0
TOTAL CHARGES FOR SERVICES
24,976
26,900
25,000
28,700
27,848
11.4%
-3.0%
MISCELLANEOUS
36211
INTEREST ON INVESTMENTS
521
295
100
100
100
0.0%
0.0%
36213
CHANGE IN FAIR VALUE OF INVESTMENTS
18
(18)
0
0
0
36232
CONTRIBUTIONS- SCHOLARSHIP
0
200
100
300
100
0.0%
-66.7%
36233
CONTRIBUTIONS - FRIENDS OF REC SPORT FROG
15
25
0
0
0
34350
CONTRIBUTION - 5 K RUN
0
100
0
0
0
TOTAL MISCELLANEOUS
554
602
200
400
200
0.0%
-50.0%
TOTAL REVENUES
25,530
27,501
25,200
29,100
28,048
11.3%
-3.6%
OTHER FINANCING SOURCES
39200
TRANSFERS
20,800
20,800
21,000
21,000
22,000
4.8%
4.8%
TOTAL OTHER FINANCING SOURCES
20,800
20,800
21,000
21,000
22,000
4.8%
4.8%
TOTAL REVENUES &
OTHER FINANCING SOURCES
46,330
48,301
46,200
50,100
50,048
8.3%
-0.1%
EXPENDITURES:
COMPENSATION
60100
REGULAR SALARIES
8,529
5,457
12,000
9,400
12,100
0.8%
28.7%
60520
PART -TIME EMPLOYEES
2,746
5,341
4,000
6,600
5,000
60530
SEASONAL EMPLOYEES
19,171
20,908
16,000
19,000
16,000
0.0%
-15.8%
64011
PERA CONTRIBUTIONS
576
863
865
825
880
1.7%
6.7%
64012
FICA CONTRIBUTIONS
2,383
2,508
2,140
2,650
2,560
19.6%
-3.4%
64031
HOSPITALIZATION
1,604
1,182
3,700
1,980
4,065
9.9%
105.3%
64032
DENTAL
103
98
240
138
243
1.3%
76.1%
64033
LONG -TERM DISABILITY
15
8
20
20
20
0.0%
0.0%
64034
LIFE INSURANCE
22
18
26
30
30
15.4%
0.0%
TOTAL COMPENSATION
35,149
36,383
38,991
40,643
40,898
4.9%
0.6%
MATERIALS & SUPPLIES
70100
SUPPLIES
1,794
1,798
1,900
1,500
1,500
-21.1%
0.0%
70440
PRINT & PUBLISHING & ADVERTISING
2,368
2,297
2,300
1,400
1,200
47.8%
-14.3%
73000
RECREATION EQUIPMENT
187
17
0
883
1,500
69.9%
TOTAL MATERIALS & SUPPLIES
4,349
4,112
4,200
3,783
4,200
0.0%
11.0%
OTHER SERVICES & CHARGES
80310
AUDIT
619
550
600
535
600
0.0%
12.1%
86010
MILEAGE
86
0
0
0
0
86100
CONFERENCES AND EDUCATION
716
273
275
40
100
87500
RENTAL OF EQUIP /FACILITIES OPEN GYM
0
0
0
0
0
87700
INSTRUCTOR - SPECIALTY
2,596
3,526
1,000
3,800
2,500
150.0%
-34.2%
88000
INSURANCE & BONDS
0
0
0
0
0
88500
PAYPAL EXPENSES
805
862
700
800
800
14.3%
0.0%
88600
RECREATION - SCHOLARSHIP
0
0
0
0
0
89000
MISCELLANEOUS
445
604
400
350
400
0.0%
14.3%
TOTAL OTHER SERVICES & CHARGES
5,266
5,815
2,975
5,525
4,400
47.9%
-20.4%
TOTAL EXPENDITURES
44,765
46,311
46,166
49,951
49,498
7.2%
-0.9%
FUND BALANCE - JANUARY 1
1,627
3,192
5,183
5,217
5,366
3.5%
2.9%
CHANGE IN FUND BALANCE
1,565
1,991
34
149
550
1517.6%
269.1%
FUND BALANCE - DECEMBER 31
3,192
5,183
5,217
5,366
5,916
13.4%
10.2%
1
pi
COMMUNITY GARDEN ( 203)
COMPARE 2011
COMPARE 2011
BUDGET TO
BUDGET TO
ACCOUNT
ACTUAL ACTUAL
BUDGET
ESTIMATED
BUDGET
2010 BUDGET
ESTIMATED 2010
NUMBER
ACCOUNT TITLE
2009 2010
2011
2011
2012
REVENUES:
CHARGES FOR SERVICES
0.0%
-3.3%
34500
COMMUNITY GARDEN PLOT FEE
725
725
725
750
725
0.0%
-3.3%
TOTAL CHARGES FOR SERVICES
725
725
725
750
725
MISCELLANEOUS
0.0%
0.0%
36211
INTEREST ON INVESTMENTS
71
50
20
20
20
36213
CHANGE IN FAIR VALUE OF INVESTMENTS
12
(7)
0
0
0
36300
DONATION - COMMUNITY GARDEN
15
0
0
0
0
36400
MISCELLANEOUS
0
0
0
0
0
TOTAL MISCELLANEOUS
98
43
20
20
20
OTHER FINANCING SOURCES
39200
TRANSFERS
0
0
0
0
0
TOTAL OTHER FINANCING SOURCES
0
0
0
0
0
0.0%
-3.2%
TOTAL REVENUES
823
768
745
770
745
EXPENDITURES:
MATERIALS & SUPPLIES
70100
SUPPLIES
132
622
250
80
250
TOTAL MATERIALS &SUPPLIES
132
622
250
80
250
OTHER SERVICES & CHARGES
80310
AUDIT
0
0
0
0
0
81900
OTHER PROFESSIONAL SERVICES
0
0
0
0
0
- 100.0%
89000
MISCELLANEOUS
445
0
0
55
0
- 100.0%
TOTAL OTHER SERVICES & CHARGES
445
0
0
55
0
0.0%
85.2%
TOTAL EXPENDITURES
578
622
250
135
250
27.1%
27.1%
FUND BALANCE - JANUARY 1
1,954
2,200
2,345
2,345
2,980
0.0%
-22.0%
CHANGE IN FUND BALANCE
246
146
495
635
495
22.4%
16.6%
FUND BALANCE - DECEMBER 31
2,200
2,345
2,840
2,980
3,475
pi
WATER (204)
COMPARE 2011 COMPARE 2011
ACCOUNT
ACTUAL
ACTUAL
BUDGET
ESTIMATED
BUDGET
BUDGETTO BUDGETTO
NUMBER
ACCOUNT TITLE
2009
2010
2011
2011
2012
2010 BUDGET ESTIMATED 2010
REVENUES:
INTERGOVERNMENTAL
33611
ST PAUL WATER UTILITY
0
0
0
0
0
TOTAL INTERGOVERNMENTAL
0
0
0
0
0
CHARGES FOR SERVICES
34180
WATER CHARGES
21,579
19,201
18,000
19,000
19,000
5.6%
0.0%
TOTAL CHARGES FOR SERVICES
21,579
19,201
18,000
19,000
19,000
5.6%
0.0%
MISCELLANEOUS
36211
INTEREST ON INVESTMENTS
941
823
300
450
450
50.0%
0.0%
36213
CHANGE IN FAIR VALUE OF INVESTMENTS
212
(145)
0
0
0
TOTAL MISCELLANEOUS
1,153
678
300
450
450
50.0%
0.0%
TOTAL REVENUES
22,732
19,879
18,300
19,450
19,450
6.3%
0.0%
EXPENDITURES:
COMPENSATION
60100
REGULAR SALARIES
5,226
5,316
5,700
5,400
5,500
-3.5%
1.9%
64011
PERA CONTRIBUTIONS
353
372
415
395
400
-3.6%
1.3%
64012
FICA CONTRIBUTIONS
363
373
436
415
420
-3.7%
1.2%
64031
HOSPITALIZATION
1,366
1,423
1,600
1,470
1,625
1.6%
10.5%
64032
DENTAL
82
99
110
92
98
-10.9%
6.5%
64033
LONG -TERM DISABILITY
5
8
12
8
10
- 16.7%
25.0%
64034
LIFE INSURANCE
9
13
16
14
16
0.0%
14.3%
TOTAL COMPENSATION
7,404
7,605
8,289
7,794
8,069
-2.7%
3.5%
OTHER SERVICES & CHARGES
80310
AUDIT
619
550
600
535
600
0.0%
12.1%
86100
CONFERENCE & EDUCATION
178
0
200
0
200
87090
REPAIR EQUIPMENT
0
0
1,000
0
1,000
0.0%
87120
REPAIRS & MAINTENANCE
0
0
0
0
0
88500
BILLING FEES
163
164
165
165
165
0.0%
0.0%
89000
MISCELLANEOUS
51
0
100
0
100
0.0%
89070
HYDRANT MARKERS
0
889
0
560
500
-10.7%
TOTAL OTHER SERVICES & CHARGES
1,011
1,603
2,065
1,260
2,565
24.2%
103.6%
CAPITAL OUTLAY
94700
INFRASTRUCTURE IMPROVEMENTS
0
0
0
0
TOTAL CAPITAL OUTLAY
0
0
0
0
0
OTHER FINANCING USES
97000
TRANSFERS
0
0
0
0
0
TOTAL OTHER FINANCING USES
0
0
0
0
0
TOTAL EXPENDITURES
8,415
9,208
10,354
9,054
10,634
2.7%
17.5%
FUND BALANCE - JANUARY 1
25,690
40,007
50,678
50,678
61,074
20.5%
20.5%
CHANGE IN FUND BALANCE
14,317
10,671
7,946
10,396
8,816
10.9%
-15.2%
FUND BALANCE - DECEMBER 31
40,007
50,678
58,624
61,074
69,890
19.2%
14.4%
4
RECYCLING (206)
COMPARE 2011 COMPARE 2011
ACCOUNT
ACTUAL
ACTUAL
BUDGET
ESTIMATED
BUDGET
BUDGETTO BUDGETTO
NUMBER
ACCOUNT TITLE
2009
2010
2011
2011
2012
2010 BUDGET ESTIMATED 2010
REVENUES:
INTERGOVERNMENTAL
33610
COUNTY GRANT- RECYCLING
11,469
11,612
11,849
11,849
11,849
0.0%
0.0%
TOTAL INTERGOVERNMENTAL
11,469
11,612
11,849
11,849
11,849
0.0%
0.0%
CHARGES FOR SERVICES
34180
SOLID WASTE FEE
33,428
34,138
55,500
56,000
67,200
21.1%
20.0%
34181
SOLID WASTE PENALTY
0
0
0
0
0
34182
SALE OF RECYCLING /COMPOST BINS
420
0
0
0
0
34183
COMPOST BINS
1,158
0
0
0
0
TOTAL CHARGES FOR SERVICES
35,006
34,138
55,500
56,000
67,200
21.1%
20.0%
MISCELLANEOUS
36211
INTEREST ON INVESTMENTS
2,316
1,556
800
800
700
-12.5%
-12.5%
36213
CHANGE IN FAIR VALUE OF INVESTMENTS
408
(252)
0
0
0
TOTAL MISCELLANEOUS
2,725
1,304
800
800
700
-12.5%
-12.5%
TOTAL REVENUES
49,200
47,054
68,149
68,649
79,749
17.0%
16.2%
EXPENDITURES:
COMPENSATION
60100
REGULAR SALARIES
6,830
7,387
7,600
7,600
7,725
1.6%
1.6%
64011
PERA CONTRIBUTIONS
461
517
555
555
560
0.9%
0.9%
64012
FICA CONTRIBUTIONS
512
550
585
585
595
1.7%
1.7%
64031
HOSPITALIZATION
10
11
15
15
101
573.3%
573.3%
64032
DENTAL
0
0
14
7
7
-50.0%
0.0%
64033
LONG -TERM DISABILITY
13
15
15
17
18
20.0%
5.9%
64034
LIFE INSURANCE
23
24
25
26
27
8.0%
3.8%
TOTAL COMPENSATION
7,848
8,503
8,809
8,805
9,033
2.5%
2.6%
MATERIALS & SUPPLIES
70100
SUPPLIES
1,554
0
1,500
300
300
-80.0%
0.0%
70420
NEWSLETTERS
0
163
600
300
600
0.0%
100.0%
70500
POSTAGE
0
55
200
100
200
0.0%
100.0%
TOTAL MATERIALS & SUPPLIES
1,554
218
2,300
700
1,100
-52.2%
57.1%
OTHER SERVICES & CHARGES
80310
AUDIT
619
550
600
535
600
0.0%
12.1%
82030
RECYCLING CONTRACT
29,735
29,985
74,000
70,000
70,000
-5.4%
0.0%
86100
CONFERENCES /EDUCATION /ASSOCIATIONS
0
0
0
0
0
88000
INSURANCE & BONDS
0
0
0
0
0
88500
BILLING FEES
173
155
180
180
180
0.0%
0.0%
89000
MISCELLANEOUS
0
0
0
0
0
89010
CLEAN -UP DAY & MULCH ACTIVITIES
1,961
970
4,000
2,000
4,000
0.0%
100.0%
TOTAL OTHER SERVICES & CHARGES
32,488
31,660
78,780
72,715
74,780
-5.1%
2.8%
TOTAL EXPENDITURES
41,891
40,381
89,889
82,220
84,913
-5.5%
3.3%
FUND BALANCE - JANUARY 1
75,816
83,125
89,798
89,798
76,227
-15.1%
-15.1%
CHANGE IN FUND BALANCE
7,309
6,673
(21,740)
(13,571)
(5,164)
-76.2%
-61.9%
FUND BALANCE - DECEMBER 31
83,125
89,798
68,058
76,227
71,063
4.4%
-6.8%
4
COMMUNITY /ECONOMIC DEVELOPMENT (208)
5
COMPARE 2011
COMPARE 2011
ACCOUNT
ACTUAL
ACTUAL
BUDGET
ESTIMATED
BUDGET
BUDGETTO
BUDGETTO
NUMBER
ACCOUNT TITLE
2009
2010
2011
2011
2012
2010 BUDGET
ESTIMATED 2010
REVENUES:
MISCELLANEOUS
36211
INTEREST ON INVESTMENTS
276
167
80
60
50
-37.5%
-16.7%
36213
CHANGE IN FAIR VALUE OF INVESTMENTS
52
(24)
0
0
0
36220
RENTS & ROYALTIES
1,155
1,155
1,155
1,155
1,155
0.0%
0.0%
36400
MISCELLANEOUS
0
0
0
0
TOTAL MISCELLANEOUS
1,483
1,298
1,235
1,215
1,205
-2.4%
-0.8%
TOTAL REVENUES
1,483
1,298
1,235
1,215
1,205
-2.4%
-0.8%
OTHER FINANCING SOURCES
39200
TRANSFERS
0
0
0
0
0
TOTAL OTHER FINANCING SOURCES
0
0
0
0
0
TOTAL REVENUES &
OTHER FINANCING SOURCES
1,483
1,298
1,235
1,215
1,205
-2.4%
-0.8%
EXPENDITURES:
OTHER SERVICES & CHARGES
80310
AUDIT
619
550
600
535
600
0.0%
12.1%
81900
OTHER PROFESSIONAL SERVICES
130
0
3,000
0
6,000
100.0%
89000
MISCELLANEOUS
25
1,800
100
0
0
- 100.0%
TOTAL OTHER SERVICES & CHARGES
774
2,350
3,700
535
6,600
78.4%
1133.6%
TOTAL EXPENDITURES
774
2,350
3,700
535
6,600
78.4%
1133.6%
FUND BALANCE - JANUARY 1
8,328
9,038
7,986
7,986
8,666
8.5%
8.5%
CHANGE IN FUND BALANCE
710
(1,052)
(2,465)
680
(5,395)
118.9%
- 893.4%
FUND BALANCE - DECEMBER 31
9,038
7,986
5,521
8,666
3,271
-40.8%
-62.3%
5
STREET LIGHTING (209)
ACCOUNT
TRANSFERS
NUMBER
ACCOUNT TITLE
0
REVENUES:
0
CHARGES FOR SERVICES
34180
ELECTRIC CHARGES
0
TOTAL CHARGES FOR SERVICES
0
MISCELLANEOUS
36211
INTEREST ON INVESTMENTS
38,792
TOTAL MISCELLANEOUS
40,045
OTHER FINANCING SOURCES
ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
2009 2010 2011 2011 2012
0 38,822 40,000 40,000 40,000
0 38,822 40,000 40,000 40,000
0 (30) 50 45 45
0 (30) 50 45 45
39200
TRANSFERS
0
0
0
0
0
TOTAL OTHER FINNCING SOURCES
0
0
0
0
0
TOTAL REVENUES
0
38,792
40,050
40,045
40,045
EXPENDITURES:
MATERIALS AND SUPPLIES
70100
SUPPLIES
0
0
2,000
2,000
2,000
TOTAL MATERIAL & SUPPLIES
0
0
2,000
2,000
2,000
OTHER SERVICES & CHARGES
80310
AUDIT
0
550
600
535
600
85020
STREET LIGHTING POWER
0
28,133
34,000
32,000
33,000
87120
REPAIR & MAINTENANCE
0
3,999
3,000
2,000
3,000
88500
BILLING FEES
0
500
400
670
680
89000
MISCELLANEOUS
0
0
200
0
200
TOTAL OTHER SERVICES & CHARGES
0
33,183
38,200
35,205
37,480
TOTAL EXPENDITURES
0
33,183
40,200
37,205
39,480
FUND BALANCE - JANUARY 1 0 0 5,609 5,609 8,449
CHANGE IN FUND BALANCE 0 5,609 (150) 2,840 565
FUND BALANCE - DECEMBER 31 0 5,609 5,459 8,449 9,014
s
COMPARE 2011 COMPARE 2011
BUDGET TO BUDGET TO
2010 BUDGET ESTIMATED 2010
-10.0% 0.0%
-10.0% 0.0%
0.0% 0.0%
0.0% 12.1%
0.0% 50.0%
-1.9% 6.5%
-1.8% 6.1%
50.6% 50.6%
- 476.7% -80.1%
65.1% 6.7%
7
CITIZEN CORPS COUNCIL /NEIGHBORHOOD LIAISON (210) (EXP 3/31/13)
COMPARE 2011 COMPARE 2011
ACCOUNT
ACTUAL
ACTUAL
BUDGET ESTIMATED
BUDGET BUDGETTO BUDGETTO
NUMBER
ACCOUNT TITLE
2009
2010
2011 2011
2012 2010 BUDGET ESTIMATED 2010
REVENUES:
INTERGOVERNMENTAL
33610
GRANT
0
0
0
0 1,460
TOTAL INTERGOVERNMENTAL
0
0
0
0 1,460
MISCELLANEOUS
36211
INTEREST ON INVESTMENTS
0
0
0
0 0
36233
CONTRIBUTIONS FROM PARTICPANTS
0
0
0
0 0
TOTAL MISCELLANEOUS
0
0
0
0 0
TOTAL REVENUES
0
0
0
0 1,460
OTHER FINANCING SOURCES
39200
TRANSFERS
0
0
0
0 0
TOTAL OTHER FINANCING SOURCES
0
0
0
0 0
TOTAL REVENUES &
OTHER FINANCING SOURCES
0
0
0
0 1,460
EXPENDITURES:
COMMUNITY EMERG RESPONSE
TEAM CERT
60100
SALARY -CERT PROD ADMIN
0
0
0
0 56
64012
FICA EXPENSES
0
0
0
0 4
80320
INSTRUCTOR PREP /DELIVERY
0
0
0
0 0
80340
CERT MEMBER EQUIPMENT
0
0
0
0 0
80350
OTHER CERT ITEMS
0
0
0
0 0
80360
PRINTING /DIST CERT MATERIAL
0
0
0
0 0
80370
CERT DATABASE COSTS
0
0
0
0 0
TOTAL CERT EXPENSES
0
0
0
0 60
80600
PERSONNEL /CONTRACT SUPPORT
0
0
0
0 0
80601
FICA
0
0
0
0 0
86010
CRIME PREVENTION SEMINARS
0
0
0
0 0
86100
CITIZENS CORP TRAINING
0
0
0
0 200
86105
CERT TNG EXERCISES
0
0
0
0 1,200
86120
COLLABORATION COSTS CCC
0
0
0
0 0
86130
MISC OTHER CCC COSTS
0
0
0
0 0
TOTAL CCC EXPENSES
0
0
0
0 1,400
OTHER SERVICES & CHARGES
80310
AUDIT
0
0
0
0 0
TOTAL OTHER S VCS & CHARGES
0
0
0
0 0
OTHER FINANCING USES
97000
TRANSFERS
0
0
0
0 0
TOTAL OTHER FINANCING USES
0
0
0
0 0
TOTAL EXPENDITURES &
OTHER FINANCING USES
0
0
0
0 1,460
FUND BALANCE - JANUARY 1
0
0
0
0 0
CHANGE IN FUND BALANCE
0
0
0
0 0
FUND BALANCE - DECEMBER 31
0
0
0
0 0
7
COMMUNITY EMERG RESPONSE TEAM GRANT (211) (EXP 5/31/12)
ACCOUNT ACTUAL ACTUAL BUDGET ESTIMATED BUDGET BUDGETTO BUDGETTO
NUMBER ACCOUNT TITLE 2009 2010 2011 2011 2012 2010 BUDGET ESTIMATED 2010
REVENUES:
INTERGOVERNMENTAL
33610 GRANT
TOTAL INTERGOVERNMENTAL
MISCELLANEOUS
36211 INTEREST ON INVESTMENTS
36233 CONTRIBUTIONS FROM PARTICPANTS
TOTAL MISCELLANEOUS
TOTAL REVENUES
OTHER FINANCING SOURCES
39200 TRANSFERS
TOTAL OTHER FINANCING SOURCES
TOTAL REVENUES &
OTHER FINANCING SOURCES
EXPENDITURES:
COMMUNITY EMERG RESPONSE
TEAM CERT
60100 SALARY -CERT PROG ADMIN
60520 CERT COORDINATOR
64012 FICA EXPENSES
70100 SUPPLIES
80320 INSTRUCTOR PREP /DELIVERY - NEW
80330 POLICE & FIRE INSTRUCTION
80340 CERT MEMBER EQUIPMENT
80350 OTHER CERT ITEMS - CURRENT MEMBERS
80360 PRINTING /DIST CERT MATERIAL
80370 CERT DATABASE COSTS
TOTAL CERT EXPENSES
80600 PERSONNEL /CONTRACT SUPPORT
80601 FICA
86010 CRIME PREVENTION SEMINAR
86105 OUTREACH /PUBLIC EDUCATION
86110 MEETING COSTS CCC
86120 COLLABORATION COSTS CCC
86130 MISC OTHER CCC COSTS
TOTAL CCC EXPENSES
OTHER SERVICES & CHARGES
80310 AUDIT
TOTAL OTHER S VCS & CHARGES
OTHER FINANCING USES
97000 TRANSFERS
TOTAL OTHER FINANCING USES
TOTAL EXPENDITURES &
OTHER FINANCING USES
FUND BALANCE - JANUARY 1
CHANGE IN FUND BALANCE
FUND BALANCE - DECEMBER 31
0 0 4,956 400 4,556 -8.1%
0 0 4,956 400 4,556 -8.1%
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,956
400
4,556
-8.1%
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,956
400
4,556
-8.1%
0
0
137
0
137
0
0
1,857
0
1,857
0
0
154
0
154
0
0
0
0
0
0
0
2,008
0
2,008
0
0
0
0
0
0
0
800
400
400
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,956
400
4,556
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0 0 0 0 0
0 0 0 0 0
0
0
4,956
400
4,556
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
S
1039.0%
1039.0%
1039.0%
1039.0%
0.0%
0.0%
0.0%
-50.0% 0.0%
-8.1%
-8.1%
1039.0%
1039.0%
The City That Soars!
REQUEST FOR COUNCIL ACTION
Meeting Date
October 5, 2011
Agenda Item
Workshop 3
Attachment
Audit Recommendations
Fund Balance Worksheet Example
Submitted By
Roland Olson, Finance Director
Item
GASB 54 Implementation (Fund Balance Designations)
Description
During the 2010 audit, our auditors noted that all cities are required to comply with
Government Accounting Standards Board (GASB) Statement No. 54 by December
31, 2011. This standard changes the way in which fund balances are reported in our
annual financial statements.
Attached is a description of GASB 54 that was provided by our auditors as well as a
worksheet showing how fund balances have historically been reported compared to
the new method under GASB 54.
The city council will eventually need to amend the city's fund balance policy to
comply with these new standards. This workshop discussion will serve as an
introduction to the topic and staff will make a more detailed report during the
meeting.
Budget Impact
N/A
Attachment(s)
Audit Recommendations
Fund Balance Worksheet Example
Action(s)
No action is required at this time. A recommended fund balance policy will be
Requested
brought to the city council later this year for approval.
Families, Fields and Fair
CITE' OF FALCON HEIGHTS
RECOMMENDATION FOR MANAGEMENT
December 31, 2010
Is
CONSIDER THE IMPLICATIONS OF GOVERNMENTAL ACCOUNTING STANDARDS
BOARD STATEMENT NO. 54, FUND BALANCE REPOR TING AND GOVERNIIFENTAL
FUND TYPE DEFINITIONS
Government Accounting Standards Board (GASB) Statement No. 54 was enacted to enhance the
usefulness of fund balance information by providing clearer fund balance classifications that can be
more consistently applied and by clarifying the existing governmental fund type definitions. The initial
distinction that is made in reporting fund balance information is identifying amounts that are considered
nonspendable, such as fund balance associated with inventories or prepaid expenses. This Statement
also provides for additional classification as restricted, committed, assigned and unassigned based on the
relative strength of the constraints that control how specific amounts can be spent.
The restricted fund balance category includes amounts that can be spent only for the specific purposes
stipulated by constitution, external resource providers or through enabling legislation. The committed
fund balance classification includes amounts that can be used only for the specific purposes determined
by a formal action of the government's highest level of decision - making authority. Amounts in the
assigned fund balance classification are intended to be used by the government for specific purposes but
do not meet the criteria to be classified as restricted or committed. In governmental funds other than the
general fund, assigned fund balance represents the remaining amount that is not restricted or committed,
unless that is a negative balance. Unassigned fund balance is the residual classification for the
government's general fund and includes all spendable amounts not contained in the other classifications.
In other funds, the unassigned classification should be used only to report a deficit balance resulting
from overspending for specific purposes for which amounts have been restricted, committed or assigned.
Governments are allowed to have stabilization amounts which are formally set aside for use in
emergency situations or when revenue shortages or budgetary imbalances arise. These funds must be
restricted or committed for a specific purpose, and cannot occur routinely.
Governments are required to have a fund balance policy which addresses a reasonable minimum level of
unrestricted fund balance to be maintained, how the unrestricted fund balance can be used or spent
down, and how that fund balance will be replenished if it falls below the minimum level.
Elimination of the reserved component of fund balance in favor of a restricted classification will
enhance the consistency between information reported in the government -wide statements and
information in the government fund financial statements and avoid confusion about the relationship
between the reserved fund balance and restricted net assets. The Statement is also designed to enhance
the usefulness of fund balance information by clarifying the definitions of governmental fund types. For
example, special revenue funds are created only to report a revenue source that is restricted or
committed to a specified purpose and that revenue source should constitute a substantial portion of the
resources reported in the fund. In addition, the definition of the capital project fund type has been
clarified to focus on the broader, more consistent understanding of capital outlays and capital activities
in today's environment.
This Statement is effective for the year ending December 31, 2011. Fund balance reclassifications made
to conform to the provisions of this Statement should be applied retroactively by restating fund balance
for all prior periods presented.
5
FUND BALANCE WORKSHEET EXAMPLES
NOTE: Numbers are from 12 -31 -10 CAFR
PARKPROGRAMS
BEFORE
AFTER
GENERAL FUND:
GENERAL FUND:
Fund Balance
5183
Fund Balance
Reserved for:
Nonspendable
71,531
Prepaid Items
71,531
Restricted
5183
Unreserved, Reported in:
Committed
General Fund - Designated
835,305
Assigned
835,305
General Fund - Undesignated
390,479
Unassigned
390,479
Total Fund Balance
1,297,315
Total Fund Balance
1,297,315
SPECIAL REVENUE FUNDS:
PARKPROGRAMS
PARKPROGRAMS
Fund Balance
Fund Balance
Unreserved, Reported in:
Nonspendable
Special Revenue - Designated
5183
Restricted
Special Revenue - Undesignated
Committed
Assigned
5183
Total Fund Balance
Unassigned
Total Fund Balance
WATER
WATER
Fund Balance
Fund Balance
Unreserved, Reported in:
Nonspendable
Special Revenue - Designated
50678
Restricted
Special Revenue - Undesignated
Committed
Assigned
50678
Total Fund Balance
Unassigned
Total Fund Balance
SOLID WASTE (RECYCLING)
SOLID WASTE (RECYCLING)
Fund Balance
Fund Balance
Unreserved, Reported in:
Nonspendable
Special Revenue - Designated
89798
Restricted
Special Revenue - Undesignated
Committed
89798 (maybe assigned)
Assigned
Total Fund Balance
Unassigned
Total Fund Balance
COMMUNITY DEVELOPMENT
COMMUNITY DEVELOPMENT
Fund Balance
Fund Balance
Unreserved, Reported in:
Nonspendable
Special Revenue - Designated
7986
Restricted
Special Revenue - Undesignated
Committed
Assigned
7986
Total Fund Balance
Unassigned
Total Fund Balance
STREET LIGHTING
STREET LIGHTING
Fund Balance
Fund Balance
Unreserved, Reported in:
Nonspendable
Special Revenue - Designated
5609 Restricted
Special Revenue - Undesignated
Committed
Assigned
Total Fund Balance
Unassigned
Total Fund Balance
COMMUNITY GARDEN
COMMUNITY GARDEN
Fund Balance
Fund Balance
Unreserved, Reported in:
Nonspendable
Special Revenue - Designated
2345 Restricted
Special Revenue - Undesignated
Committed
Assigned
Total Fund Balance
Unassigned
Total Fund Balance
CERTS (GRANT)
CERTS (GRANT)
Fund Balance
Fund Balance
Unreserved, Reported in:
Nonspendable
Special Revenue - Designated balance
Restricted
Special Revenue - Undesignated
Committed
Assigned
Total Fund Balance
Unassigned
Total Fund Balance
EMERALD ASH BORER (GRANT)
EMERALD ASH BORER
Fund Balance
Fund Balance
Unreserved, Reported in:
Nonspendable
Special Revenue - Designated
10166 Restricted
Special Revenue - Undesignated
Committed
Assigned
Total Fund Balance
Unassigned
Total Fund Balance
DEBT SERVICE FUNDS:
1996 TIF LARPENTEUR
1996 TIF LARPENTEUR
Fund Balance
Fund Balance
Unreserved, Reported in:
Nonspendable
Special Revenue - Designated
9758 Restricted
Special Revenue - Undesignated
Committed
Assigned
Total Fund Balance
Unassigned
Total Fund Balance
5609
2345
balance
closed out in 2011
closed 2011
GO EQUIPMENT SERIES 2010A GO EQUIPMENT SERIES 2010A (NEW IN 2011)
Fund Balance Fund Balance
Unreserved, Reported in: Nonspendable
Special Revenue - Designated Restricted balance (bond covenant)
Special Revenue - Undesignated Committed
Assigned
Total Fund Balance Unassigned
Total Fund Balance
CAPITAL FUNDS:
GENERAL CAPITAL
GENERAL CAPITAL
Fund Balance
Fund Balance
Unreserved, Reported in:
Nonspendable
Special Revenue - Designated
27456 Restricted
Special Revenue - Undesignated
Committed
Assigned 27456
Total Fund Balance
Unassigned
Total Fund Balance
PUBLIC SAFETY CAPITAL
PUBLIC SAFETY CAPITAL
Fund Balance
Fund Balance
Unreserved, Reported in:
Nonspendable
Special Revenue - Designated
165784 Restricted
Special Revenue - Undesignated
Committed
Assigned 165784
Total Fund Balance
Unassigned
Total Fund Balance
PARKS & PUBLIC WORKS CAPITAL
Fund Balance
Unreserved, Reported in:
Special Revenue - Designated 132464
Special Revenue - Undesignated
Total Fund Balance
INFRASTRUCTURE
Fund Balance
Unreserved, Reported in:
Special Revenue - Designated 995623
Special Revenue - Undesignated
Total Fund Balance
LARPENTEUR STREETSCAPE
Fund Balance
Unreserved, Reported in:
Special Revenue - Designated 30057
Special Revenue - Undesignated
Total Fund Balance
PARKS & PUBLIC WORKS CAPITAL
Fund Balance
Nonspendable
Restricted
Committed
Assigned
Unassigned
Total Fund Balance
INFRASTRUCTURE
Fund Balance
Nonspendable
Restricted
Committed
Assigned
Unassigned
Total Fund Balance
132464
995623
LARPENTEUR STREETSCAPE
Fund Balance
Nonspendable
Restricted
Committed
Assigned closed 2011
Unassigned
CAPITAL EQUIPMENT 2010A
Fund Balance
Unreserved, Reported in:
Special Revenue - Designated
Special Revenue - Undesignated
Total Fund Balance
TAX INCREMENT # 2 CONSTRUCTION
(BULLESEYE)
Fund Balance
Unreserved, Reported in:
Special Revenue - Designated
Special Revenue - Undesignated
Total Fund Balance
Total Fund Balance
CAPITAL EQUIPMENT 2010A
Fund Balance
Nonspendable
288638 Restricted
Committed
Assigned
Unassigned
Total Fund Balance
TAX INCREMENT # 2 CONSTRUCTION
(BULLESEYE)
Fund Balance
Nonspendable
18844 Restricted
Committed
Assigned
Unassigned
Total Fund Balance
TIF # 1 -3 (NE CORNER DEVELOPMENT)
Fund Balance
Unreserved, Reported in:
Special Revenue - Designated 21250
Special Revenue - Undesignated
Total Fund Balance
TIF # 1 CONSTRUCTION
(COFFMAN)
Fund Balance
Unreserved, Reported in:
Special Revenue - Designated
Special Revenue - Undesignated
Total Fund Balance
55334
TIF # 1 -3 (NE CORNER DEVELOPMENT)
288638 (Bond covenant)
18844
Fund Balance
Nonspendable
Restricted 21250
Committed
Assigned
Unassigned
Total Fund Balance
TIF # 1 CONSTRUCTION
(COFFMAN)
Fund Balance
Nonspendable
Restricted 55334
Committed
Assigned
Unassigned
Total Fund Balance