From: Eric Levitt
To: CityCouncil-List
Cc: Lara Weisiger; Eric Levitt; Gerry Beaudin; Yibin Shen Subject: Request for Fund Balance information
Date: Tuesday, March 15, 2022 4:26:58 PM
Mayor Ezzy Ashcraft & City Council:
Here is the Fund Balance information over the last 5 years on the General Fund.
Eric
the table showing both actual and counterfactual fund balance in each year:
Fiscal
Year
PY
Counterfactual
Net Annual
Activity
Actual General
Fund Ending
Fund Balance
Pension/OPEB
Policy Contributions
Counterfactual
without Policy
Contributions
2016-17 $50,395,799 $500,000 $50,895,799
2017-18 $50,895,799 ($9,186,396) $41,209,403 $17,020,068 $58,729,471 2018-19 $58,729,471 $1,405 $41,210,808 $8,689,172 $67,420,048 2019-20 $67,420,048 $13,435,156 $54,645,964 $983,998 $81,839,202 2020-21 $81,839,202 $18,429,631 $73,075,595 $10,312,000 $110,580,833
From: Eric Levitt
To: CityCouncil-List
Cc: Yibin Shen; Gerry Beaudin; Eric Levitt; Lara Weisiger Subject: Questions on Mid-Year.
Date: Tuesday, March 15, 2022 10:59:21 AM
Mayor Ezzy Ashcraft & City Council:
I am attaching questions and answers on the Mid-Year.
Thanks
Eric
1. When is the 5 year budget projection being updated.
The 5-year General Fund budget projection will be updated over the next month and made available for the budget workshops in May 2022.
2. Question on Exhibit 2 GF Bgt summary
What is the question?
3. Are the recommended changes in the budget already approved items or future expenses.
With two exceptions, the requested budget changes are for future expenses. The two exceptions where the City has already incurred expenses are for (1) the arbitrage rebate report for the 2012 Sewer Revenue Bond; and (2) the new letter of credit