Page 97 - NRH FY20 Approved Budget

CHANGES IN FUND BALANCE SUMMARY

Economic Development Fund
FY 2018/19 FY 2019/20
The Economic Development reserve was set at 2.5% The Economic Development reserve is set at 2.5%
of collected sales tax revenue with in the Park of collected sales tax revenue with in the Park
Development Fund. This year’s contribution is Development Fund. This year’s contribution is
projected to be $127,374. $450,000 is anticipated to projected to be $129,984.
be drawn down from reserves for a revision in the FY
2018/19 capital budget for project ED1901 Davis
Boulevard Development 2019.

Crime Control & Prevention District Fund
FY 2018/19 FY 2019/20
$98,819 is estimated to be drawn from reserves from No change anticipated.
the forecasted negative operating balance due to
negative impacts in sales tax collections experienced
during FY 2018/19. $141,288 is included as an
appropriation of fund balance for the annual
encumbrance roll.

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