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2018 Adopted Annual Operating & Capital Improvement Budget

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CAPITAL PROJECTS FUND FINANCIAL SUMMARY 2016 Audited Actuals 2017 Amended Budget 2018 Adopted Budget % Change Revenue: Taxes & Assessments $ 5,183,460 $ 5,038,000 $ 4,511,521 -10.45% Intergovernmental 3,903,987 1,969,473 2,320,000 17.80% Investment Earnings 71,160 120,000 250,000 108.33% Total Revenue 9,158,607 7,127,473 7,081,521 -0.64% Expenditures: Purchased Services 786 1,000 800 -20.00% Capital Outlay 8,961,766 21,660,769 17,190,000 -20.64% Miscellaneous Expenditures 1,018,097 - 147,630 100.00% Total Expenditures 9,980,649 21,661,769 17,338,430 -19.96% Excess/(Deficiency) of Revenues Over Expenditures (822,042) (14,534,296) (10,256,909) -29.43% Other Financing Sources/(Uses): Transfers In/(Out) 5,065,277 5,382,645 4,742,119 -11.90% Insurance Recovery 332,793 162,646 - -100.00% Total Other Financing Sources/(Uses) 5,398,070 5,545,291 4,742,119 -14.48% Net Change In Fund Balance: 4,576,028 (8,989,005) (5,514,790) -38.65% Cumulative Fund Balance Beginning Fund Balance 16,874,019 21,450,047 12,461,042 -41.91% Ending Fund Balance 21,450,047 12,461,042 6,946,252 -44.26% Less Restrictions, Commitments, & Assignments: Open Space Tax Restriction 1,637,387 202,534 602,534 197.50% Lottery Proceeds Restriction 272,451 108,563 253,563 133.56% Capital Project Commitment 11,576,245 1,607,181 3,420,021 112.80% Open Space Acquisition Assignment 391,334 491,334 591,334 20.35% Maintenance Facility Phase II Assignment 5,825,000 7,825,000 - -100.00% Development Rebate Assignment 1,747,630 2,226,430 2,078,800 -6.63% Unassigned Fund Balance $ - $ - $ - 0.00% 177