A Fund Balance Analysis of the FY 2010 City of Sun Valley Final Budget prepared by Council Member Nils Ribi and presented at the 7-30-09 City Council Meeting.

1. City of Sun Valley Fund Balance Analysis FY 2010 Approved Tentative Budget Nils Ribi 7-30-09

2. Determine financial resources available to meet contingencies: General Fund – Fund Balance 1,589,426.00 Land Acquisition – Fund Balance 371,763.00 Workforce Housing – Fund Balance 190,502.00 2,151,691.00 General Fund - Contingency Fund 200,000.00 Resources Available for Contingencies, End – FY10 2,351,691.00 Unreserved Fund Balance Analysis END of FY 2010 Sun Valley Fund Balance Analysis - FY 2010 Approved Tentative Budget - NR 7-30-09

3. Determine annual operating expenditures: General Fund Expenditures 5,124,463.00 Less - Contingency Fund 200,000.00 Annual Operating Expenditures, FY10 4,924,463.00 Unreserved Fund Balance Analysis END of FY 2010 Sun Valley Fund Balance Analysis - FY 2010 Approved Tentative Budget - NR 7-30-09

4. Calculate Unreserved Fund Balance Ratio END FY10: Resources Available for Contingencies/Annual Operating Expenditures 2,351,691 / 4,924,463 = 48% ( 5.7months operating expenditures in reserves ) Unreserved Fund Balance Analysis END of FY 2010 Sun Valley Fund Balance Analysis - FY 2010 Approved Tentative Budget - NR 7-30-09

5. Sun Valley Fund Balance Analysis - FY 2010 Approved Tentative Budget - NR 7-30-09