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City of <br /> Pequot <br /> Lakes= <br /> 2016 YEAR END BUDGET HIGHLIGHTS <br /> The 2016 year end cash balances are as follows. <br /> General Fund $ 1,177,742.03 <br /> Bobber Water Tower Fund $ 10,567.03 <br /> Library Fund $ 177,752.39 <br /> Park Dedication Fund $ 24,878.31 <br /> Cemetery Fund $ 63,944.82 <br /> Fire Fund $ 95,567.21 <br /> G.O. Equip Cert 2014A Fund $ 43,658.54 <br /> Business Park Fund $ 339,928.46 <br /> Highway 371 Fund $ 45,899.92 <br /> TIF 1-9 Wild Daisy $ 1,790.07 <br /> Water Fund $ 659,886.25 <br /> Sewer Fund $ 598,259.43 <br /> WAC Fund $ 44,542.45 <br /> SAC Fund $ 98,099.81 <br /> TOTAL $ 3,382,516.72 <br /> The General Fund capital outlay and Council contingency carryover monies remaining at year end <br /> are as follows. <br /> Council Contingency $ 18,395.74 <br /> Administration $ 3,349.98 <br /> Elections $ 9,010.58 <br /> Roads&Streets $ 21,391.71 <br /> Park $ 14,835.55 <br /> TOTAL $ 66,983.56 <br /> The City's Accounting and Reporting Policy states, "the City will commit fund balance in the general <br /> fund of up to 50%of the following year's general fund budgeted expenditures for cash flow purposes". <br /> In the following breakdown, the City is at 62%fund designation. <br /> 2016 General Fund cash balance $ 1,177,742.03 <br /> Capital outlay/Council contingency carryover monies remaining $ 66,983.56 <br /> Adjusted 2016 General Fund cash balance $ 1,110,758.47 <br /> 2017 General Fund budget $ 1,806,087.00 <br /> For 2016, the General Fund revenues exceeded expenditures by$19,357. <br />