Page 31 - 2019 Budget Detail.xlsx

 Sale of Fixed Assets ($15,000)
 Contribution from Republic ($15,000 per year)
 BISD SRO Reimbursement ($40,000 per year)

The total of all of those smaller revenues is budgeted at $86,380.

Section 4: Fund Transfers

Transfers between funds are not only common in government, but the governing board
that oversees governmental accounting (Governmental Accounting Standards Board, or
GASB) says we need to apply and allocate costs properly. This is done through
transfers. As an example, the City Manager is paid out of the General Fund. However,
the City Manager also deals with issues relating to the Utility Fund, Type B Fund, CCPD
Fund, etc. There are several employees for whom this holds true, although not all of
them are working in every fund like the City Manager does. The proper way to account
for that is for those funds to transfer money to the General Fund. It is as if those funds
are paying a consultant for the work they do in that fund.

We are not outlining transfers at this point. While it is revenue to the General Fund, we
are still looking at how we allocate these costs. We are considering splitting salaries
across funds and paying people out of multiple funds instead of conducting as many
transfers. In previous years, our software didn’t allow this. However we can now do
this, and we are still considering the best way to handle this issue going forward.

Summary

The total General Fund Revenues outlined above (excluding transfers) for the FY 2017-
2018 Budget Year currently are estimated at $7,474,028. This is an increase over the
current budget year, in which total revenues were budgeted at $7,239,680. The good
news is that we currently anticipate having more revenues next year than we did this
year (an increase of $234,348). However, as you will see when we get into the expense
side of the budget, we still will have far more needs than we have available funding for;
which will lead to some difficult decisions by both staff and the council as the budget
process progresses.

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