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FISCAL YEAR 2018-2019
FUND BALANCE SUMMARY - ALL FUNDS

Fund balance is defined as assets minus liabilities. Maintaining an appropriate fund balance is essential for the City to mitigate financial
risk that can occur from unforeseen revenue shortfalls, unanticipated expenditures, or any other adverse circumstances. In addition, it is
also designed to provide the appropriate amount of working capital for the City’s general operations. The City maintains an appropriate
fund balance level within each fund as determined by best practice and City policy. The Fund Balance Summary shows an audited
beginning fund balance as of September 30, 2017 for all budgeted funds along with the estimated impact based upon the FY 2017/18

FY 2017-2018 FY 2017-2018 FY 2018-2019 FY 2018-2019
Revised Revised Adopted Adopted
AUDITED Budget Budget Budget Budget
BALANCE AS Increase Ending Increase Ending
FUND OF 09/30/17 (Decrease) Balance (Decrease) Balance

General Fund $ 10,797,532 $ 926,880 $ 11,724,412 $ (56,460) $ 11,667,952
(Unreserved/Undesignated)*
General Fund Designated for Municipal $ 634,712 $ 6,740 $ 641,452 $ 62,526 $ 703,978
Court Technology & Security
General Fund Designated for Franchise $ 347,992 $ 140,821 $ 488,813 $ 131,193 $ 620,006
Peg Fees
General Fund Designated for Record $ 4,000 $ - $ 4,000 $ - $ 4,000
Preservation Fee
General Debt Service Fund $ 878,567 $ (2,348) $ 876,219 $ - $ 876,219

Utility Fund Unrestricted* $ 6,109,435 $ 872,157 $ 6,981,592 $ (408,249) $ 6,573,343

Golf Course Fund Unrestricted $ (88,568) $ - $ (88,568) $ - $ (88,568)

Aquatic Park Fund Unrestricted $ (10,380) $ 24,049 $ 13,669 $ 73,651 $ 87,320
Facilities & Construction Services Fund $ 1,346,885 $ 143,770 $ 1,490,655 $ (13,620) $ 1,477,035

Fleet Services Fund $ 2,465,151 $ (501,072) $ 1,964,079 $ (495,527) $ 1,468,552

Self Insurance Fund $ 3,176,886 $ 243,205 $ 3,420,091 $ 356,320 $ 3,776,411
Information Technology Fund $ 1,223,668 $ 47,243 $ 1,270,911 $ (96,287) $ 1,174,624

Promotional Fund $ 643,385 $ 25,180 $ 668,565 $ 23,691 $ 692,256

Donations Fund $ 674,171 $ (120,269) $ 553,902 $ (25,424) $ 528,478

Special Investigation Fund $ 299,433 $ (122,959) $ 176,474 $ (104,521) $ 71,953

Drainage Utility Fund $ 961,057 $ (438,103) $ 522,954 $ 1,128,616 $ 1,651,570
Gas Development Fund $ 495,516 $ 398,300 $ 893,816 $ 528,300 $ 1,422,116

Traffic Safety Fund $ 720,190 $ (97,515) $ 622,675 $ 46,838 $ 669,513
Park & Recreation Facilitites $ 2,087,578 $ (138,778) $ 1,948,800 $ 343,600 $ 2,292,400
Development Fund
Recreation Centre $ 1,906,764 $ 221,635 $ 2,128,399 $ 175,240 $ 2,303,639

Economic Development Fund $ 1,100,928 $ 127,396 $ 1,228,324 $ (620,057) $ 608,267
Crime Control & Prevention District $ 617,817 $ 6,570 $ 624,387 $ (16,845) $ 607,542
Fund*

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