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City of <br /> Pequot <br /> 2013 YEAR END BUDGET HIGHLIGHTS <br /> The 2013 year end cash balances are as follows. <br /> General Fund $ 1,271,403.65 <br /> Bobber Water Tower Fund $ 11,255.63 <br /> Library Fund $ 117,788.64 <br /> Forfeiture(Alcohol) Fund $ 214.15 <br /> Forfeiture(Non-Alcohol) Fund $ 42.47 <br /> Park Dedication Fund $ 28,285.19 <br /> Cemetery Fund $ 28,665.99 <br /> Fire Fund $ 177,651.47 <br /> G 0 Equip Cert 2010A Fund $ 32,490.59 <br /> Business Park Fund $ 327,566.60 <br /> Highway 371 Fund $ 244,683.20 <br /> TIF 1-7 Babinski $ 26,462.54 <br /> TIF 1-9 Wild Daisy $ 3,862.12 <br /> TIF 1-13 Lonesome Cottage $ (48,127.29) <br /> Water Fund $ 490,572.81 <br /> Sewer Fund $ 706,865.89 <br /> WAC Fund $ 40,611.27 <br /> SAC Fund $ 89,571.61 <br /> TOTAL $ 3,549,866.53 <br /> The General Fund capital outlay and council contingency carryover monies remaining at year end total $251,929.57. <br /> The City's Accounting and Reporting Policy states, "The City will commit fund balance in the general fund of up to <br /> 50% of the following year's general fund budgeted expeditures for cash flow purposes". As you can see in the <br /> following breakdown, the City is at 54%fund designation. At 2012 year end, the City was at 56%fund designation. <br /> 2013 General Fund cash balance $ 1,271,403.65 <br /> Capital Outlay/Council Contingency Carryover monies remaining (see attached) $ 251,929.57 <br /> Adjusted 2013 General Fund cash balance $ 1,019,474.08 <br /> 2014 General Fund Budget $ 1,901,775.00 <br /> For 2013, the General Fund revenues exceeded expenditures by$79,901. <br />