HomeMy Public PortalAbout2024-03 NO Meeting - Fund Balance ReportCITY OF JEFFERSON
FISCAL YEAR 2023 - 2024 ESTIMATED FUND BALANCE
FYE2023 UNASSIGNED FUND BALANCE - UNAUDITED 12,788,822.00$
Reappropriations from FY2023 to FY2024 - General Fund ONLY
Community Revitalization Grant - matching funds (1,000,000.00)$
Blade & Spreader - outstanding PO56279 (15,567.13)$
HPF Grant Design Guidelines Grant - matching funds (11,091.00)$
HPF Phase II Grant - matching funds (9,190.10)$
MMSWMD Recycling Grant - matching funds (8,045.91)$
Remaining Allied Recycling Education Funds (26,761.33)$
PD Honor Guard Uniforms - outstanding PO56521 (11,217.69)$
Remaining PD Recruitment Funds (50,000.00)$
Remaining National Opioid Funds (66,812.35)$
Air Service Agreement - Ordinance 16359 (50,000.00)$
Cap Ave Demos & Acquisitions - Ordinance 16216 (163,469.08)$
Remaining Mo American Water Grant Funds (Fire)(1,200.00)$
Remaining Vector Scheduling Software Funds (Fire)(7,060.70)$
Building & Grounds Maintenance (Fire) - outstanding PO56488 (23,040.00)$
Remaining Demolition Funds - outstanding PO56524 (14,810.00)$
Remaining Demolition Funds - outstanding PO56527 (24,800.00)$
Remaining Non-ARPA Funds for Approved for Specific Projects (4,156,283.67)$
(5,639,348.96)$
2023 Adjustments/Supplementals (Does not include other "Reserve" accounts as they are not "Unassigned" fund balance)
-$
FYE2024 ESTIMATED Unassigned Fund Balance 7,149,473.04$
FYE2024 ESTIMATED Fund Balance % of Adopted Budget 18.82%
FYE2024 ESTIMATED Unassigned Fund Balance over the 17% Outlined in the Financial Policies 391,025.04$
17% of FY2024 Adopted Budget ($39,755,578) = $6,758,448
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.