HomeMy Public PortalAbout2024-01 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 *transferred from CIT (45) to General Fund in FY21*(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)$
Bill 2023-072; Ordinance 16406 - Supplemental for Self-Funded Health Insurance (1,747,432.00)$
(1,847,432.00)$
ESTIMATED FY23 UNEXPENDED AFTER YEAR-END CLEANUP - GENERAL FUND ONLY 875,142.00$
ESTIMATED FY23 REVENUE COLLECTIONS OVER BUDGET - GENERAL FUND ONLY 1,879,786.93$
FYE2023 ESTIMATED Unassigned Fund Balance 6,918,209.76$
FYE2023 ESTIMATED Fund Balance % of Adopted Budget 18.21%
17% of FY2023 Adopted Budget ($37,996,179) = $6,459,350
IMPORTANT NOTE: Fund Balance figures do not make allowance for the following:
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.