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Council Agenda Item Cover <br />______________________________________________________________________ <br />MEETING DATE: <br /> June 1, 2009 <br />AGENDA ITEM TITLE: <br /> Resolution Approving 2009-2010 (FY 10) Budget <br />AGENDA SECTION: <br /> New Business <br />CAN THIS ITEM BE RESCHEDULED? : <br />No, but must be passed at 6/15/09 meeting <br />BACKGROUND REVIEW: <br />This resolution approves the FY 10 Budget. The budget <br />can be changed by Council prior to approving the resolution. <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 />. <br /> <br />