08-28-2000 Council Packet - Laserfiche WebLink

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Overview of Activity in the Districts Funds General Fund The general fund had expenditures in excess of revenue totaling S7.230. This decreased the fund balance to Si 11,300. The fund balance currently is 42.3% ofl999 expenditures and transfers out. The District has a policy of maintaining fund balance at 50% of planned expenditures. The decrease in 1999 resulted mainly from court fine revenue coming in under budget and prosecution expense higher than budget. Also, a positive variance resulted from a planned $20,000 signage project that was not done in 1999. Although the District is below the fund balance target, the working capital is still adequate but it should be monitored to ensure it doesn’t get any lower. The following graph shows the fund balance as it relates to expenditures over the last 4 years. Fund Balance and Expenditures It / t c $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $-4 m 1996 ^ # Jr —- -r ^ . I - J : 1997 1 XT.--------- 1998 1999 'M■ Lifi t -»2* □ Fund balance ■ Expenditures Special Revenue Funds Save the Lake This fund receives its revenue mainly from contributions and interest on investments. Revenue was $34,220 and expendimres were $27,892. The fund balance increased $6,328 to finish at $182,095. Eurasian Milfoil The fund balance decreased $56,765 to $93,426. The District has a policy of maintaining fimd balance at 100% of planned expenditures. The current level meets this requirement. New Equipment Acquisition and Equipment Replacement The only activity in these two funds in 1999 was interest on investments of $11,059 for New Equipment and $7,963 for Equipment Replacement and transfer of $35,000 from replacement to Milfoil. • • •