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Financial Results <br />•The fund balance available at December 31, 2015 is sufficient to meet the <br />City’s policy for minimum unassigned fund balances as follows: <br /> <br />9 <br />2016 budget $6,921,304 <br />Less: <br />Police services to other cities (1,306,052) <br />Net 2016 budget 5,615,252 <br />Minimum balance (30-35%)30% <br />City minimum working capital fund balance $1,684,576 <br />Net unassigned amount available at 12/31/15 $2,338,600 <br />Actual percent of net budget 41.65% <br />Financial Results <br />•Interfund loans provided by the General Fund to cover negative cash: <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />•The number of interfund loans was reduced during 2015. Interfund loans <br />are limited to advancing construction costs prior to bonding or grant <br />reimbursement. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />10 <br />Street Improvement Project Fund $414,064 <br />Stormwater Utility Fund 149,874 <br />Total $563,938 <br />15