2009-10 Adopted Budget - City of Hoquiam

A. General Fund - #001Overview:The adjacent page summarizes all 2009-2010 General Fund projected revenues andrequested appropriations. The General Fund is balanced with and actually increasesreserves in both years of the biennium.For 2009, total revenues and transfers in are forecasted at $6,485,550 while requestedappropriations total $6,464,235 creating an ending balance of $2,300,771. In 2010,total revenues and transfers in are forecasted at $6,322,020, while requestedappropriations total $6,202,875 increasing the ending balance to $2,419,915 at the endof the biennium.The 2009-2010 biennial operating budget appropriations represent a 4.8% increasefrom comparable 2007-2008 appropriations. This budget provides funding for 100% ofcurrent staffing levels, all other appropriations necessary to maintain current servicelevels, funding for some small capital items and new program requests.Transfers to the Street fund are $90,680 higher than the 2007-2008 biennium, whilePolice and Fire Pension (LEOFF I) transfers have increased $83,770 from 2007-2008budget levels.Projected revenues are sufficient to cover all appropriation requests, and even increasethe General Fund’s ending balance.77