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Council Agenda Item Cover <br />________________________________________________________________ <br />MEETING DATE: <br /> June 1, 2009 <br />AGENDA ITEM TITLE: <br /> Public Hearing for the Fiscal Year 2009-2010 Budget <br />AGENDA SECTION: <br /> Public Hearings <br />CAN THIS ITEM BE RESCHEDULED? : <br />No <br />BACKGROUND REVIEW: <br />The Proposed Fiscal Year 2009-2010 (FY 10) Budget is <br />available for public view and access. This hearing provides an opportunity for public <br />comment. <br /> Total Revenues – All Funds $41,307,063 <br /> Total Expenditures – All Funds $42,217,262 <br />The General Fund serves as the City’s operating fund and below is further detail <br />regarding that fund’s proposed budget. <br />General Fund – Proposed Budget <br />FY 09FY 10 <br />Beginning Total Fund Balance $10,517,454$10,879,901 <br /> Projected Revenue $28,186,214$25,538,100 <br /> Projected Expenditures ($27,823,767)($26,872,859) <br />Ending Fund Balance $10,879,901$9,545,142 <br /> Less Year-end Commitments 3,000,000$2,000,000 <br />Undesignated Fund Balance $7,879,9018,045,142 <br />Fund Balance as a Percentage 28.3%29.9% <br /> of Annual Expenditures <br />Attached are summaries of revenue and expenditure for all funds. <br /> <br />