Agenda - 09-22-2011 - 1 - Laserfiche WebLink

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General Fund -Preliminary Results for FY 2011 Attachment 4a - Preliminary 2010-11 General Fund Revenue • For Fiscal Year 2011, we received 100.2% of budgeted revenue. This resulted in an excess of budgeted revenue of approximately $301,000. • The shortfall varied among all categories of revenue. o Property taxes were $2.85 million more than budget o Sales taxes were $652,000 more than budget. • Appropriated Fund Balance totaled $2.8 million consisting of: •:~ $1.8 million in encumbrance carry forwards •:~ $ .9 million for new and continuing programs Attachment 4b -Preliminary 2010-11 General Fund Expenditures • Expenditures were $5.2 million less than budget or 97.1% of budget • Expenditures were less than revenue by~$5.6 million which represents an increase in total fund balance for the fiscal year. • Total Available Fund Balance is estimated at $29.1 million or 16.5% of General Fund expenditures and transfers. •:~ Unassigned (Undesignated) Fund Balance is estimated at $27.9 million or 15.8% General Fund expenditures and transfers. • Unassigned/Available Fund Balance is $6.8 higher than FY 2010. • Unassigned (Undesignated) Fund Balance is estimated to increase 1 percent this year. If achieved, the Unassigned (Undesignated) Fund Balance will grow to 17 percent and meet the BOCC's fund balance target. Attachment 4c -General Fund-Chancres in Fund Balance for the fiscal year ended. June 30, 2011 • Restricted/Reserves for Inventories and Prepaid Expenses increased $35,237 • RestrictedlReserves for Encumbrances were reduced $1.04 million. • Reserved By State Statute decreased $1 million • Assigned/Designated for Subsequent Year's Expenses increased $730,000. • Unassigned/Unreserved Fund Balance increased $6.8 million. 19