Fiscal Year 2013 Recommended Budget Book - Lake County

Lake County, FloridaGeneral Fund Unrestricted Reserves25%Unrestricted Reserve as a Percentage of ExpendituresFY 2005 to FY 2013% of Expenditures20%15%10%5%Lake County'sMinimum Goal0%FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013Fiscal YearUnrestricted Reserves as a Percentage of ExpendituresFiscal Year FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013Unrestricted Reserves 13.8% 11.2% 12.6% 14.0% 11.2% 10.6% 14.1% 23.0% 21.7% 16.8%Note: Budget Best Practices recommend that an unrestricted reserve equal to two months of expenditures be maintained (10% - 17% of totalbudgeted expenditures). In May 2010, the BCC revised Board Policy LCC-51 to recommend an economic stabilization reserve balance of noless than 15% of the total budget be maintained in the General Fund. Prior to that, the recommended minimum level was 10%.Unrestricted Reserves and ContingenciesMillions$30$20$10$11.7$15.2$22.5$19.2$16.3$19.5$29.4$26.2$19.5$0FY 2005AdoptedFY 2006AdoptedFY 2007AdoptedFY 2008AdoptedFY 2009AdoptedFY 2010AdoptedFY 2011AdoptedFY 2012AdoptedFY 2013BudgetC - 10