Page 95 - FY 24 Budget Forecast at Adoption.xlsx

GENERAL FUND OVERVIEW

FY 2023-24
FY 2021-22 FY 2022-23 FY 2022-23 Adopted Budget
Actual Budget YE Proj. Budget Variance ($)

REVENUE TOTAL $ 43,387,030 $ 42,169,586 $ 44,861,525 $ 44,131,048 $ 1,961,462

OPERATING EXPENDITURES 44,163,174 40,006,487 39,383,767 41,683,754 1,677,267

ONE-TIME EXPENDITURES - 6,503,200 6,503,200 2,666,971 (3,836,229)

EXPENDITURE TOTAL $ 44,163,174 $ 46,509,687 $ 45,886,967 $ 44,350,725 $ (2,158,962)

VARIANCE $ (776,144) $ (4,340,101) $ (1,025,442) $ (219,677)

RESERVE FUND BALANCE 11,040,794 14,002,270 13,784,318 16,673,502 2,671,231

UNASSIGNED FUND BALANCE 19,379,954 12,078,377 15,610,988 12,502,127 423,751
TOTAL FUND BALANCE $ 30,420,748 $ 26,080,647 $ 29,395,306 $ 29,175,629 $ 3,094,982

RESERVE AND UNASSIGNED ANALYSIS

% OF OPERATING EXPENDITURES 68.9% 65.2% 74.6% 70.0%
TARGET % LEVEL 25.0% 35.0% 35.0% 40.0%

General Fund Overview
45,000,000

40,000,000
35,000,000
30,000,000

25,000,000
20,000,000

15,000,000
10,000,000
5,000,000

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FY 2021-22 Actual FY 2022-23 Budget FY 2022-23 FY 2023-24
YE Proj. Adopted Budget
REVENUE TOTAL EXPENDITURE TOTAL TOTAL FUND BALANCE

93