Revenues , Expenditures , Changes in Fund Balance
General Fund Expenditures
|
FY 15-16 |
FY 14-15 |
General government |
$ 6,780,440 |
$ 5,688,444 |
Public safety |
10,751,421 |
10,341,777 |
Transportation |
2,708,200 |
2,350,138 |
Environmental protection |
1,853,286 |
1,768,301 |
Cultural / recreational |
2,795,777 |
2,620,696 |
Debt service |
2,792,645 |
2,270,816 |
TOTAL |
$ 27,681,769 |
$ 25,040,172 |
Debt
10.1 %
Categories 10 % of
C / R und Balance 10 %
Cultural / recreational 10.1 %
Environmental 6.7 %
Transportation
10 %
9.8 %
Debt service
PS
38.8 39 % %
Gen 24 %
General gov ’ t 24.5 %
Public safety
Categories of Fund Balance
Nonspendable $ 27,685 Restricted 3,440,208 Committed 4,200,667 Assigned 1,052,211 Unassigned 17,940,081 TOTAL $ 26,660,852
Unassigned 67 %
Unassigned
67 %
Nonspendable near 0 %
Restricted Restricted 13 13
%
Committed
Committed 16 % 16 %
Assigned 4 4 %
transfers by $ 2.194 million , which was added to the Town ’ s fund balance . Fund balance is like a savings account for the Town and can be used to fund capital projects , balance the budget and for emergencies or cash flow during the year .
The graphics above show the different categories of fund balance . These categories represent any external or Town Council-initiated restrictions on how fund balance can be used . Unassigned is the least restrictive and can be used for any purpose .
Unassigned fund balance at the end of fiscal year 2016 totaled $ 17.94 million , an amount equal to 65 percent of expenditures . The Town ’ s policy is a minimum of 30 percent . Total fund balance stood at $ 26.66 million .
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