Page 96 - NRH FY20 Approved Budget

CHANGES IN FUND BALANCE SUMMARY

Drainage Utility Fund
FY 2018/19 FY 2019/20
$391,358 is estimated to be contributed to reserves $773,401 is estimated to be contributed to reserves
from the forecasted positive operating balance. from the forecasted positive operating balance.

Gas Development Fund
FY 2018/19 FY 2019/20
Additional revenue, in excess of projected $970,679 is anticipated to be drawn from reserves
expenditures, in the amount of $1,573,230 will be with a large portion of the draw down for a loan to
added to fund balance. the Golf Course fund related to the Golf Course
Improvements Project included in the FY 2019/20
budget and the balance to be used for funding the
Northeast Parkway Extension project included in
the FY 2019/20 budget.

Traffic Safety Fund
FY 2018/19 FY 2019/20
$11,109 is estimated to be contributed to reserves $86,726 is anticipated to be drawn from reserves for
from the forecasted positive operating balance. one-time traffic safety equipment purchases.

Park & Recreation Facilities Development Fund
FY 2018/19 FY 2019/20
$90,360 is included as an appropriation of fund $224,057 is anticipated to be drawn from reserves
balance for the annual encumbrance roll. A positive for the cash funding of construction for PK1902
fund balance of $308,070 is planned to be added to Linda Spurlock Park Renovation project included in
reserves from annual revenues forecasted to exceed the FY 2019/20 budget.
expenditures.

Recreation Centre
FY 2018/19 FY 2019/20
There was an increase of $299,664 set aside as a There is an increase of $239,154 set aside as a
reserve for capital. This is calculated based on reserve for capital. This is calculated based on
projected revenue over projected expenditures. projected revenue over projected expenditures.

94