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Item 4.1 PowerPoint presented by Staff at Meeting
FISCAL YEAR 2017‐18 CLOSING Fiscal Year 2017‐18 ClosingGeneral Fund Sources and Uses (in millions)General Fund SourcesMidyear EstimatedActual Sales Tax$13.65 $13.98Property Tax$15.40 15.50Property Tax - RPTTF$5.24 5.74Fees for Services$6.00 6.47Franchise Fees/Interest Income/All Other$6.43 6.79Total General Fund Sources46.72 48.48General Fund UsesLegislative & Admin./Admin. Services$3.80 $3.69Community Services$5.92 5.69Development Services$4.67 4.47Public Works$5.62 5.44Safety Services – Fire$12.10 12.20Safety Services – Law Enforcement$12.02 12.00Debt Service/Capital Facilities/All Other$1.51 1.51Total General Fund Uses$45.65 $45.00Operating Surplus$1.07 $3.48 FY 2017‐18 ClosingGeneral Fund Programmable Balance(in millions) General Fund BalanceProjectedFY 2017-18MidyearFY 2017-18ClosingAvailable Balance as of June 30, 2017 $2,998,892 $2,998,892 Operating Surplus1,073,332 3,478,920 Capital Improvement Program(1,447,162)(1,376,335)One-Time Revenue/Other Activity 1,907,148 2,254,029 Transfers to Capital Improvements Fund (502,947) (502,950)Loan Repayment from Water Fund 401,250 401,250 FY 2017-18 Reserves Additions (see below)(669,430) (669,430)Revenue Volatility (10%) $170,263Expenditure Volatility (5%) $ 85,131Extreme Events/Public Safety (30%) $510,788Preliminary Available Balance - FY 17-18 Year-End $3,761,083 $6,584,376 FY 2017-18 Encumbrances Carried-Forward to FY 2018-19 (131,231)FY 2018-19 Reserve Additions (1,477,210)Preliminary Programmable Balance After Funding Reserves/Encumbrances 4,975,935 Questions