Agenda - 09-23-2010 - 1 - Laserfiche WebLink

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Generai Fund — Preliminary Results for FY2010 16 • Attachment 4a — Fiscal Year 2010 Revenue ❖ For Fiscal Year 2010, we received 99.6% of budgeted revenue. This resulted in a shortfall in budgeted revenue of approximately $800,000. ❖ The shortfall varied among all categories of revenue. ❖ Appropriated Fund Balance totaled $5.2 million consisting of: ❖ $1.2 million in encumbrance carry forwards ❖ $2.0 million in FY2008-09 carry forwards ❖ $1.7 million to balance County Capital Projects ❖ $.3 million for new programs Attachment 4b — Fiscal year 2010 Expenditures and Fund Balance ❖ Expenditures were $7.1 million less than budget or 96.2% of budget. ❖ Expenditures were less than revenue by $1.1 million which represents an increase in total fund balance for the fiscal year. ❖ Available Fund Balance is estimated at $21.8 million or 11.7% of • General Fund expenditures and transfers. ❖ Undesignated Fund Balance is estimated at $21.4 million or 11.5% General Fund expenditures and transfers. ❖ Available Fund Balance is $836,300 higher than FY2009. ❖ Undesignated Fund Balance is estimated to increase .9 percent this year. If the same rate of increase is achieved over the next four years, Undesignated Fund Balance will grow to 16 percent depending on the General Fund Budget. Attachment 4c — Schedule of General Fund Expenditures ❖ FY2011 Budget is $6.2 million higher than the five year average $169.1 million due mainly to debt service. ❖ The four year average of General Fund expenditures totaled $174.1 million. The FY2011 budget is $1.2 million more than the four year average. ❖ The FY2011 Budget represents a $10.6 million decrease from the FY2010 Final Amended Budget. ❖ Future impacts currently facing the County are potential reductions • in the sales taxes, increases in Medicaid Hold Harmless, and reductions in any Federal and State revenues.