Volume 1 - Executive Summary - Office of the Chief Financial Officer

Financial Plan
3
The Financial Plan projects the District’s results of operation for three
fiscal years beyond the proposed operating budgets of the General
Fund (comprised of Local funds, Dedicated Taxes and Special Purpose
Revenue funds) and the Federal and Private Resources Funds (comprised
of Federal Grants, Federal Payments, and Private Grants and
Donations) for the next fiscal year. The actual results for the prior fiscal
year and the approved and revised budgets for the current fiscal year
are also included as context for FY 2013 through FY 2016 of the
financial plan.
The District uses the multi-year financial plan as a working tool throughout the fiscal year to monitor the impact
of legislative proposals, programmatic initiatives, and economic changes on the District's near-term fiscal outlook.
This financial plan focuses on the Proposed FY 2013 Budget and its impact on FY 2014 through FY 2016.
Below are line-item descriptions of the financial plan elements. For explanatory purposes, the plan is broken
into four sections:
■
■
■
■
Revenues;
Expenditures;
Composition of Cash Reserves; and
Composition of Fund Balance.
The numbering scheme noted below refers to the line numbers on Tables 3-1, 3-2, 3-3 and 3-4. The amounts
in the FY 2011 Actual column are as certified in the District’s Comprehensive Annual Financial Report (CAFR)
for FY 2011.
FY 2013 Proposed Budget and Financial Plan
Financial Plan
3-1