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City Council Regular Meeting Minutes <br /> May 14, 2002 <br /> Page 5 <br /> • Proprietary Funds $ 7,031,255 <br /> 2 <br /> 3 • Total Fund Equity $13,841,753 <br /> 4 <br /> 5 General Fund: <br /> 6 • 2001 Budget $ 3,519,875 <br /> 7 <br /> 8 • Revenues $ 3,542,107 $22,232 <br /> 9 • Expenditures $ 3,475,924 $43,951 <br /> 10 $66,183 <br /> 11 <br /> 12 General Fund Balance: <br /> 13 • 2000 Fund Balance $ 976,523 <br /> 14 • 2001 Budget Reserves $ 66,183 <br /> 15 • 2001 Fund Balance $ 1,042,706 <br /> 16 • Goal=30%-35% <br /> 17 <br /> 18 • A-1 Credit Rating/Positive Fund Balance Ratio <br /> 19 • 2001 -28.8% <br /> 20 • 2000-27.7% <br /> 21 • 1999-24.7% <br /> f * 1998 -22.3% <br /> 24 General Fund-Reserves: <br /> 25 • Working Capital $ 895,634 <br /> 26 • Self-Insurance Reserves $ 73,067 <br /> 27 • Unemployment/Contracts $ 28,000 <br /> 28 • Contract Insurance Reserves $ 14,305 <br /> 29 • Pre-Paid Insurance 31,700 <br /> 30 <br /> 31 • Total Fund Balance $1,042,706 <br /> 32 <br /> 33 Police Contracts: <br /> 34 • Lauderdale/Falcon Heights <br /> 35 • Contract Revenue $ 569,432 <br /> 36 • Expenditures 505,946 <br /> 37 <br /> 38 • Total Surplus $ 63,486 <br /> 39 <br /> 40 • Capital Equipment $ 54,800 <br /> 41 • Purchase of Squad Cars <br /> 42 <br /> Liquor Operations: <br /> 0 • SAV I $ 89,021 <br /> 45 • SAV II 133,708 <br /> 46 <br />