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CC PACKET 06232015
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CC PACKET 06232015
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Last modified
11/30/2015 9:25:15 AM
Creation date
9/9/2015 8:36:48 AM
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City Council
Meeting Date
7/23/2015
Meeting Type
Regular
Document Type
Council Agenda/Packets
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6/19/2015 <br />5 <br />Financial Results <br />•Interfund loans provided by the General Fund to cover negative cash: <br /> <br />HRA Directed Projects Fund $121,354 <br />2015 Street Improvement Project Fund 114,220 <br />2016 Street Improvement Project fund 52,601 <br />HRA Fund 156,796 <br />Silver Lake Villiage Park Fund 160,352 <br />Building Improvement Fund 33,805 <br />Total $639,128 <br />9 <br />Financial Results <br />•Minimum unassigned fund balance net of interfund loans <br /> <br />2015 budget $6,693,094 <br />Less: <br />Police services to other cities (1,268,772) <br />Net 2015 budget 5,424,322 <br />Minimum balance (30-35%)30% <br />City minimum working capital fund balance $1,627,297 <br />Unassigned amount available at 12/31/14 $2,384,345 <br />Less interfund loans (639,128) <br />Net unassigned amount available at 12/31/14 $1,745,217 <br />Actual percent of net budget 32.17% <br />10
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