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Council Agenda Item Cover <br />________________________________________________________________ <br />MEETING DATE: <br /> June 7, 2010 <br />AGENDA ITEM TITLE: <br /> Public Hearing for the Fiscal Year 2010 - 2011 Budget <br />AGENDA SECTION: <br /> Public Hearings <br />CAN THIS ITEM BE RESCHEDULED? : <br />No <br />BACKGROUND REVIEW: <br />The Proposed Fiscal Year 2010-2011 (FY 11) Budget is <br />available for public view and access at City Hall, Library and on the City’s website. This <br />hearing provides an opportunity for public comment. <br /> Total Revenues – All Funds $41,693,499 <br /> Total Expenditures – All Funds $43,209,962 <br />The General Fund serves as the City’s operating fund and below is further detail regarding <br />that fund’s proposed budget. <br />General Fund – Proposed Budget <br />FY 10FY 11 <br />Beginning Total Fund Balance $11,292,287$11,317,658 <br /> Projected Revenue $26,194,839$25,268,930 <br /> Projected Expenditures as shown ($25,131,041)($27,550,653) <br /> in Proposed Budget <br /> Additional Expenditures planned ($1,038,427) <br /> after Proposed Budget <br />Ending Fund Balance $11,317,658$9,035,935 <br /> Less Year-end Commitments (est.)3,400,000$3,400,000 <br />Undesignated Fund Balance $7,917,6585,635,935 <br />Fund Balance as a Percentage 30.3%20.5% <br /> of Annual Expenditures <br />Attached are summaries of revenue and expenditure for all funds. <br /> <br />