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General Fund Balance
<br />2019 2018 2017
<br />Beginning Fund Balance 2,719,171.00$ 2,533,003.00$ 2,832,516.00$
<br />Revenues 4,273,666.00 3,893,006.00 3,745,330.00
<br />Expenditures 3,871,367.00 3,706,838.00 4,044,843.00 *
<br />Net Increase(Decrease)402,299.00 186,168.00 (299,513.00)
<br />Ending Fund Balance 3,121,470.00$ 2,719,171.00$ 2,533,003.00$
<br />*Includes transfer to General Capital Improvements Fund for $496,472
<br />Components of Fund Balance
<br />2019 2018 2017
<br /> Nonspendable Fund Balance
<br /> Prepaids 10,807.00 8,768.71 8,388.72
<br /> IFL-105 EDA Fund 205,123.00 102,806.00 -
<br /> IFL-460 TIF 5-1 St Judes - - 372,569.00
<br /> IFL-362 Canabury Square - - 52,424.00
<br /> IFL-470 TIF 6-1 Masterpiece Homes 556,055.00 615,218.40 665,040.71
<br /> Nonspendable Fund Balance 771,985.00 726,793.11 1,098,422.43
<br />Assigned Fund Balance
<br /> Building Permitting Efficiencies 78,870.00 - -
<br /> COVID-19 Budget Impacts 60,000.00 - -
<br /> Nonspendable Fund Balance 138,870.00 - -
<br /> Unassigned Fund Balance 2,210,615.00 1,992,377.89 1,434,580.57
<br /> Total Fund Balance 2,982,600.00$ 2,719,171.00$ 2,533,003.00$
<br />Subsequent Year's Budget 4,134,837.00 3,911,617.00 3,804,276.00
<br />Unassigned FB as % of Next Year's Budget 53.46%50.93%37.71%
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