General Fund
Available Fund Balance Calculation
FY 21-22 FY 22-23 FY 23-24
Available
Balance, as
adjusted ARPA
State Local
Assistance - SB
154
Reserve for
Programs/
Projects
Projected, Net
Baseline
Operations
Estimated One-
time
expenditures
Available
Balance, as
adjusted
Projected, Net
Baseline
Operations
Estimated One-
time
expenditures/
Draw on
Reserves
Available
Balance, as
projected
Beginning Cash Balance 18,309,201$ 3,142,889$ 8,000,000$ -$ 657,678$ (1,636,025)$ 28,473,743$ 416,706$ (5,280,266)$ 23,610,183$ Nonspendable and Restricted for:
Pension Section 115 Trust (3,031,508) (2,500,000) (5,531,508) (5,531,508) Prepaid items (10,806) (10,806) (10,806) General Fund Reserve: - -
Reserve for Former RDA Negative Cash (3,600,000) (3,600,000) (3,600,000) Reserve for Earthquake Insurance Deductible (500,000) (500,000) (500,000) Reserve for Capital Projects (2,404,511) (5,500,000) (7,904,511) 3,865,579 ** (4,038,932) Reserve for Planning (932,000) (932,000) 932,000 * - Reserve for Building (21,800) (21,800) 21,800 * - Reserve for Reusable Bags (remaining) (13,930) (13,930) (13,930) Reserve for PEG Fees (70,000) (70,000) (70,000) Reserve for Programs and Projects (2,057,349) (2,292,889) (4,350,238) (4,350,238) Reserve for Economic Uncertainty (25% target) (4,222,158) (4,222,158) (4,222,158) Outstanding Encumbrances (467,885) (467,885) (467,885) Ending Cash Balance 977,254$ 3,142,889$ -$ (2,292,889)$ 657,678$ (1,636,025)$ 848,907$ 416,706$ (460,887)$ 804,726$ * Move to Fund 267 - General Plan Update Fees and Building Training Fees. ** $3 million designation to Hercules HUB.
FY 22-23 Activities Projected FY 23-24 Activities
Attachment 4