Memorandum
City of Lawrence
City Manager’s Office
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DATE: |
5/11/2012 |
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TO: |
David L. Corliss, City Manager |
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FROM: |
Casey Toomay, Budget Manager |
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CC: |
Cynthia Wagner, Assistant City Manager Diane Stoddard, Assistant City Manager Jonathan Douglass, Assistant to the City Manager / City Clerk |
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RE: |
General Operating Fund Balance |
The table below shows the unreserved fund balance in the general operating fund at the end of 2011 was 19.33%. This is within the City’s policy of maintaining an unreserved General Fund balance of between 15% and 30% of actual expenditures.
The table also shows the amount added to the general operating fund balance since 2006 as well as the ending fund balance as a percent of expenditures for each year. More than $1.5 million has been added to the fund balance, however, expenditures in the general fund have increased over time. As a result, the ending fund balance as a percent of general fund expenditures is actually less than it was five years ago.
|
General Operating Fund |
Actual |
Actual |
Actual |
Actual |
Estimated* |
TOTAL |
|
Revenues Over Expenditures |
$ 365,778 |
$ 774,841 |
$ 340,580 |
$ 182,807 |
$ 9,500 |
$ 1,673,506 |
|
Ending Balance as % of Expenditures |
21.61% |
22.17% |
21.14% |
19.91% |
19.33% |
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*These numbers are unaudited and remain subject to change. |
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