FINAL ADOPTED BUDGET 2020-2021

$100,000 below the current year budget of $4.1 million.

User Fees, Charges and Licenses Charges for services provided by General Fund departments, such as Parks and Recreation and Engineering and Inspections, are included in this category. The 20-21 adopted budget of $22.1 million is slightly less than $900,000 above the current year budget.

Other Revenues Revenues not otherwise defined are included in this category. These include interest income, internal service charges, proceeds of capitalized leases, donations, and sale of assets. These revenues are estimated at $10.2 million, $1.5 million above the current year budget. FY 20-21 includes $1.7 million budgeted for the sale of the Maple Street building. Transfers from Other Funds The General Fund typically receives transfers from Special Revenue Funds, which have been established to account for specific revenue sources received by the City. The transfer from the State Highway (Powell Bill) Fund is budgeted at $5.65 million to offset a variety of eligible transportation expenses budgeted in the General Fund. The General Fund will also receive a contribution from Transportation Bond Funds in the amount of $720,000 to offset some of the eligible professional services expenditures absorbed in the General Fund. Fund Balance The fund balance appropriation for the FY 20-21 General Fund budget is $4.26 million, or 1.38%, of the total budget. The total amount does not include additional fund balance appropriations that will be necessary to carry forward outstanding purchase orders at the end of FY 19- 20. This lower level of fund balance reliance will help reestablish a sustainable annual funding plan for the General Fund.

Adopted 2020-21 Budget

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