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•An allocation of the $2,507,764 General Fund balance at December 31, <br />2018 is as follows: <br />5 <br />Nonspendable - prepaid items/inventory $126,304 <br />Unassigned 2,381,460 <br />Total fund balance $2,507,764 <br />•The fund balance available at December 31, 2018 is sufficient to meet the <br />City’s policy for minimum unassigned fund balances as follows: <br />6 <br />2019 expenditure budget $7,200,728 <br />Less: <br />Police services to other cities (713,204) <br />Financial services to MWMO (107,164) <br />Fire State Aid passed through to Fire dept.(50,546) <br />Net 2019 budget 6,329,814 <br />Minimum balance (30-35%)30% <br />City minimum working capital fund balance $1,898,944 <br />Net unassigned amount available at 12/31/18 $2,381,460 <br />Actual percent of net budget 37.62% <br />15