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City of Lake Elmo
<br />February 17, 2006
<br />Page Nine
<br />A table summarizing the general fund balance in relation to budget follows:
<br />Percent
<br />Unreserved
<br />General
<br />of Fund
<br />Fund Balance
<br />Budget
<br />Fund
<br />Balance to
<br />Year
<br />December 31
<br />Year
<br />Budget
<br />Budget
<br />2000
<br />$ 1,418,567
<br />2001
<br />$ 1,945,780
<br />73 %
<br />2001
<br />1,779,944
<br />2002
<br />2,222,980
<br />80
<br />2002
<br />2,202,783
<br />2003
<br />1,910,280
<br />115
<br />2003
<br />2,123,072
<br />2004
<br />2,491,589
<br />85
<br />2004
<br />2,373,923
<br />2005
<br />2,712,711
<br />88
<br />2005
<br />2,245,735
<br />2006
<br />3,566,804
<br />63
<br />$4,000,000
<br />$3,500,000
<br />$3,000,000
<br />$2,500,000
<br />$2,000,000
<br />$1,500,000
<br />$1,000,000
<br />$500,000
<br />Fund Balance as a Percent of Next Year's Budget
<br />$3,566,804
<br />$2,712,711
<br />$2,222,980 $2,491,589
<br />85%
<br />$1,945,780
<br />�88%
<br />115% 63%
<br />80% $1,910,280
<br />73%
<br />2000 2001 2002 2003 2004 2005 2006
<br />Fund Balance (Budget
<br />952.835.9090 • Fax 952.835.3261
<br />www.aemcpas.com
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