HomeMy Public PortalAbout2023-08 NO Meeting - Fund Balance ReportCITY OF JEFFERSON
FISCAL YEAR 2022 - 2023 ESTIMATED FUND BALANCE
FYE2022 UNASSIGNED FUND BALANCE - AUDITED 8,195,657.00$
Reappropriations from FY2022 to FY2023
Repair & Repaint Recycling Bins (9,615.52)$
Ammunition and Firearms Supplies (13,136.25)$
Remainder of Evergreen Study Funds - Ordinance 16210 (9,500.00)$
Remainder of Capitol Ave Demo & Acquisition Funds - Ordinance 16216 (451,560.76)$
Finance Color Printer - ordered in FY22 and not received (4,210.45)$
Remaining Mo American Water grant funds - received in advance (2,400.00)$
Remainder of Demo Funds - Ordinance 16145 (63,433.60)$
Contractual obligation from Allied contract (18,000.00)$
Future Fire Stations (6,000.00)$
Fire Station 4 Rehab (992.53)$
Downtown Streetscape (800.00)$
Ongoing Infrastructure/Facility Needs (5,700.06)$
MSP - EDA Grant matching portion (1,599,595.00)$
(2,184,944.17)$
2023 Adjustments/Supplementals (Does not include other "Reserve" accounts as they are not "Unassigned" fund balance)
Bill 2023-026; Ordinance 16359 - Supplemental for Air Service Guarantee Participation Agreement (50,000.00)$
Bill 2023-033; Ordinance 16370 - Supplemental for PD Recruitment & Marketing Campaign (50,000.00)$
PENDING - Potential Supplemental for Self-Funded Health Insurance - (current shortage)(1,425,307.35)$
PENDING - Potential Supplemental for Contract Obligations (153,784.95)$ **
PENDING - Potential Supplemental for Insurance Deductible expenses - (current shortage)(67,015.90)$ **
PENDING - Potential Supplemental for Building & Grounds Maintenance expenses - (current shortage)(27,636.79)$ **
PENDING - Potential Supplemental for Vehicle Leasing expenses - (estimated FYE shortage)(80,103.96)$ **
PENDING - Potential Supplemental for PD Building & Grounds Maint expenses - (current shortage)(63,821.80)$ **
PENDING - Potential Supplemental for PPS-Planning Salary Issues - (estimated FYE shortage)(65,013.96)$ **
(1,982,684.71)$
FYE2023 ESTIMATED Unassigned Fund Balance 4,028,028.12$
FYE2023 ESTIMATED Fund Balance % of Adopted Budget 10.60%
17% of FY2023 Adopted Budget ($37,996,179) = $6,459,350
IMPORTANT NOTE: Fund Balance figures do not make allowance for the following:
**Staff believes a substantial portion of this item can be covered by unexpended existing budget authority within the General Fund. The exact
amount that can be covered cannot be determined until FYE.
Any potential revenue overages at FYE - in many cases the final revenue receipts don’t come in until 2 months after the close of our
fiscal year (Ex: sales tax)
Any potential expense savings at FYE - we would not know this figure until all expenses are in, by which time we are already into the
new fiscal year. This figure is difficult to monitor, because grant expenses are put into the budget as soon as the grant is awarded
and the expenses may not all be used in the current year but reappropriated to future years.
Any change in committed/restricted/assigned at FYE from prior fiscal year to current fiscal year.
If all items can be covered by the unexpended budget authority, the Estimated Fund Balance % would be 11.80%.