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1/8/2021 <br />2 <br />2020 ESTIMATED FUND BALANCE <br />Low High <br />2019 Ending Fund Balance 2,590,790$ 2,590,790$ <br />2020 Estimated Increase in Fund balance 476,000 616,000 <br />2020 Estimated Ending Fund Balance 3,066,790$ 3,206,790$ <br />Less Estimated non-cash items 120,000 120,000 <br />Est. Unassigned Fund Balance 2,946,790$ 3,086,790$ <br />CURRENT FUND BALANCE POLICY <br />The fund balance available at December 31, 2020 exceeds the City’s policy range for <br />minimum unassigned fund balance <br />Low High <br />2021 Budgeted Expenditures 7,651,785$ 7,651,785$ <br />Less Police and Finance contracts 897,989 897,989 <br />Net 2021 Budgeted Expenditures 6,753,796 6,753,796 <br />Minimum balance (30-35%)30%30% <br />City Minimum Working Capital - Fund Balance 2,026,139$ 2,026,139$ <br />Est. Unassigned Fund Balance @ 12/31/2020 2,946,790$ 3,086,790$ <br />Est % Fund balance 44%46%