Page 94 - NRH FY20 Approved Budget

CHANGES IN FUND BALANCE SUMMARY

Utility Fund Unrestricted
FY 2018/19 FY 2019/20
There is an appropriation of fund balance of $129,210 A positive operating balance of $2,043,608 is
for prior year encumbrances. $1,895,726 is planned to be added to reserves which will offset the
forecasted to be drawn from reserves due to a large FY 2018/19 anticipated loss.
drop in billable water sales anticipated during FY
2018/19 based significant weather impacts
experienced during the first half of the fiscal year.

Golf Course Fund Unrestricted
FY 2018/19 FY 2019/20
A positive operating balance of $154,519 is planned to No change.
be added to reserves based on the anticipated
performance of the fund.

Aquatic Park Fund Unrestricted
FY 2018/19 FY 2019/20
$32,507 is anticipated to be drawn from reserves A positive fund balance of $357,669 is planned to
based on the anticipated performance of the fund. be added to reserves.

Facilities & Construction Services Fund
FY 2018/19 FY 2019/20
$101,740 is anticipated to be drawn from reserves with A positive fund balance of $130,824 is planned to
the majority of the drawdown related to a remodel of be added to reserves.
fire station 5 needed to support the increased staffing
adding in FY 2018/19.

Fleet Services Fund
FY 2018/19 FY 2019/20
An appropriation of fund balance in the amount of There is an appropriation of fund balance of
$634,450 was made to cover prior year $437,013 for funding one-time major equipment
encumbrances. $495,527 is estimated to be drawn replacements included in the FY 2019/20 budget.
down from reserves to fund a significant number of $100,000 is anticipated to be added into the funds
vehicle replacements included in the FY 2018/19 reserves.
budget.

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