FY 25 Adopted Budget | Page 64

Changes in Fund Balance

Summary of Changes in Fund Balance
BUDGET YEAR ENDING JUNE 30 , 2022
BUDGET YEAR ENDING JUNE 30 , 2023
GENERAL FUND
Total Fund Balance Available Beginning of Year
$ 29,664,422
$ 30,541,469
Revenues & Other Financing Sources
$ 47,612,277
$ 53,554,565
Expenditures
$ 44,486,174
$ 47,115,637
Transfers In
-
$ 10,292,808
Transfers Out
$ 2,249,056
$ 358,476
Total Fund Balance Available End of Year
$ 30,541,469
$ 46,914,729
Composition of Fund Balance Nonspendable Fund Balance : Inventories
$ 50,743
$ 22,014
Prepaids
$ 67,020
$ 90,559
Leases
$ 24
$ 24
Subtotal : Nonspendable Fund Balance
$ 117,787
$ 112,597
Restricted Fund Balance State statute
$ 4,333,751
$ 5,991,472
Law enforcement
-
$ 91,623
Powell Bill
$ 67,081
$ 771,000
Capital Projects
-
$ 1,650,365
Subtotal : Restricted Fund Balance
4,400,832
$ 8,504,460
Committed Fund Balance Veterans Memorial
$ 72,735
$ 77,323
Insurance Proceeds
$ 223,730
$ 219,327
IT Capital
$ 89,735
-
Infrastructure ( Streets & Sidewalks )
$ 438,655
$ 454,720
COVID-19 Recovery
-
$ 7,759,416
Public Safety
-
-
Water / sewer Capacity Debt
$ 956,325
$ 732,940
Revenue Savings Plan
$ 6,185,223
$ 6,485,984
Development Services
$ 1,295,741
$ 2,475,899
Acreage Fees
$ 56,948
$ 56,948
Parks and Recreation Projects
$ 1,742,272
$ 125,461
Subtotal : Committed Fund Balance
$ 11,061,364
$ 18,388,018
Assigned Fund Balance
Subsequent Year Expenditure
$ 1,271,062
$ 3,450,998
Subtotal : Assigned Fund Balance
$ 1,271,062
$ 3,450,998
Undesignated Fund Balance
$ 13,690,424
$ 16,458,656
Total Estimated Fund Balance at June 30
$ 30,541,469
$ 46,914,729
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