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•An allocation of the $2,590,790 General Fund balance at December 31, <br />2019 is as follows: <br />5 <br />Nonspendable - prepaid items/inventory $101,105 <br />Unassigned 2,489,685 <br />Total fund balance $2,590,790 <br />•The fund balance available at December 31, 2019 is sufficient to meet the <br />City’s policy for minimum unassigned fund balances as follows: <br />6 <br />2020 expenditure budget $7,605,976 <br />Less: <br />Police services to other cities (747,071) <br />Financial services to MWMO (112,247) <br />Fire State Aid passed through to Fire dept.(52,083) <br />Net 2020 budget 6,694,575 <br />Minimum balance (30-35%)30% <br />City minimum working capital fund balance $2,008,373 <br />Net unassigned amount available at 12/31/19 $2,489,685 <br />Actual percent of net budget 37% <br />29