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05.01 - The City's Auditor, Doug Host from LarsonAllen, will be present. Doug will be recommending that the CIty begin designating a fund balance of 50% of the general fund budget for cash flow purposes.
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2006
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01-03-2006 Council Meeting
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05.01 - The City's Auditor, Doug Host from LarsonAllen, will be present. Doug will be recommending that the CIty begin designating a fund balance of 50% of the general fund budget for cash flow purposes.
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Fund Balance Reserves <br /> Examples <br /> - Uncompleted portions of construction contracts <br /> - Economic development <br /> - Gifts and donations if designated by the donor. <br /> Fund Balance Designations <br /> Examples <br /> - Cash flows(very important) <br /> - Capital improvement plans <br /> - Contingencies <br /> - Land acquisitions <br /> - Debt service <br /> - Many other possibilities <br /> 6blak., I <br /> Fund Balance Unreserved Undesignated <br /> • What is left over(available). <br /> • OSA does a number city reports for comparison <br /> purposes. <br /> • Legislature evaluates this amount. <br /> 2 <br />
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