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26
<br />4
<br />UndesiQnated Fund Balance for FY 2000 budget
<br />6/30/99 revenue requirements $5,291,687
<br />6/30/99 available revenue $4,495,400
<br />Fund balance required in 1998-99 $ 796,287
<br />6/30198 net fund balance undesignated $850,280
<br />According to a worksheet supplied by Finance (copy attached), $850,280 of the $4,108,622 landfill fund
<br />equity was classified as "undesignated" on 6/30!98. In addition to these undesignated funds, there was
<br />$734,940 "designated for this year" which was the estimated balancing fund balance as of 7/1/98. In
<br />addition, "reserve for encumbrances" were $433,370. Both of these amounts can be added to the
<br />undesigaated amount to give a total of $2,018,594 available. The estimated fund balance required for this
<br />year ($796,287) must be subtracted from this amourt, which leaves $1,222,303. Please note that the year
<br />end expenditure estimates include all anticipated encumbrances that may have to be carried forward from
<br />6!30/98 and thus the total estimated available on June 30, 1999, assuming reserved by state statute remains
<br />similar to cumeat year, is $1,222,303.
<br />FY 99-00 revenue requirements $ 5,687,319
<br />FY 99-00 estimated revenue 5.184,350
<br />~~
<br />~ Fund balance regiured in 1999-00 $ 502,969
<br />Fund balance undesigaated
<br />and available (6/30/99) $1,222,303
<br />Estimated undesignated 6/30/99 $ 719,334
<br />Fund balance as a percentage of
<br />total operating budget ($4,526,519) 15.9%
<br />Operating_Budget Calculation:
<br />• Landfill Operations Budget $2,761,604
<br />• less purchases funded from reserves (1,160,800)
<br />• plus insurance, bond, pay adjustrnenLs, charges by
<br />general fund, and contnbution Reserve Funds +1.198.189
<br />Subtotal Landfill Operations $2,798,993
<br />• General Recycling Budget 986,426
<br />• Curbside Recycling Budget 741.100
<br />TOTAL OPERATING BUDGET $4,526,519
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