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CC PACKET 09082015
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CC PACKET 09082015
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Last modified
11/30/2015 9:22:02 AM
Creation date
9/9/2015 8:41:34 AM
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City Council
Meeting Date
9/8/2015
Meeting Type
Regular
Document Type
Council Agenda/Packets
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Liquor Transfers Summary <br />2012 2013 2014 2015 2016 <br />Net Income Before Transfers 524,304 490,396 268,823 171,865 171,865 <br />Adjustments for cash flow available (51,064) (99,856) 186,252 77,184 77,184 <br />Net Income Available for Transfer 473,240 390,540 455,075 249,049 249,049 <br />Transfers Schedule <br />Transfer to General Fund 305,800 330,800 214,244 214,244 249,049 <br />Transfer to Capital Equipment 204,200 108,200 108,200 108,200 - <br />Transfer to Building Improvement - - 73,000 73,000 - <br />Total Transfers 510,000 439,000 395,444 395,444 249,049 <br /> Change in year end cash (36,760) (48,460) 59,631 (146,395) - <br />General Fund Levy Relief <br />Impacts of phased-in of reduced Liquor <br />Transfers on proposed levy increase: <br /> <br />Absence phase-in: 4.71% <br />2016 use of remainder one time fees: 2.39% <br />Use of Fund balance: 1.93% <br />20
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