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Fund Balance Analysis FY 2010 Tentative Budget Nils Ribi 7-9-09

Sun Valley FY2010 Tentative Budget Fund Balance Analysis

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A Fund Balance Analysis of the FY 2010 City of Sun Valley Tentative Budget prepared by Council Member Nils Ribi and presented at the 7-9-09 City Council Meeting.

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Page 1: Sun Valley FY2010 Tentative Budget Fund Balance Analysis

Fund Balance AnalysisFY 2010 Tentative

BudgetNils Ribi 7-9-09

Page 2: Sun Valley FY2010 Tentative Budget Fund Balance Analysis

Determine financial resources available to meet contingencies:

General Fund – Fund Balance 1,840,263.00Land Acquisition – Fund Balance 589,496.00Workforce Housing – Fund Balance 190,501.00

2,620,260.00General Fund - Contingency Fund 200,000.00

Resources Available for Contingencies, End – FY10 2,820,260.00

Sun Valley Fund Balance Analysis - FY 2010 Tentative Budget - NR 7-9-

09

Page 3: Sun Valley FY2010 Tentative Budget Fund Balance Analysis

Determine annual operating expenditures:

General Fund Expenditures 5,124,463.00Less - Contingency Fund 200,000.00

Annual Operating Expenditures, FY10 4,924,463.00

Sun Valley Fund Balance Analysis - FY 2010 Tentative Budget - NR 7-9-

09

Page 4: Sun Valley FY2010 Tentative Budget Fund Balance Analysis

Calculate Unreserved Fund Balance Ratio END FY10:

Resources Available for Contingencies/Annual Operating

Expenditures

2,820,260 / 4,924,463 = 57%

( 6.8 months operating expenditures in reserves )Sun Valley Fund Balance Analysis - FY 2010 Tentative Budget - NR 7-9-

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Page 5: Sun Valley FY2010 Tentative Budget Fund Balance Analysis

Sun Valley Fund Balance Analysis - FY 2010 Tentative Budget - NR 7-9-

09