A Fund Balance Analysis of the FY 2010 City of Sun Valley Tentative Budget prepared by Council Member Nils Ribi and presented at the 7-9-09 City Council Meeting.

1. Fund Balance Analysis
FY 2010 Tentative Budget
Nils Ribi 7-9-09

2. Determine financial resources available to meet
contingencies:
General Fund – Fund Balance 1,840,263.00
Land Acquisition – Fund Balance 589,496.00
Workforce Housing – Fund Balance 190,501.00
2,620,260.00
General Fund - Contingency Fund 200,000.00
Resources Available for Contingencies, End – FY10 2,820,260.00
Sun Valley Fund Balance Analysis - FY 2010
Tentative Budget - NR 7-9-09

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
Sun Valley Fund Balance Analysis - FY 2010
Tentative Budget - NR 7-9-09

4. Calculate Unreserved Fund Balance Ratio END
FY10:
Resources Available for Contingencies/Annual Operating Expenditures
2,820,260 / 4,924,463 = 57%
( 6.8 months operating expenditures in reserves )
Sun Valley Fund Balance Analysis - FY 2010
Tentative Budget - NR 7-9-09

5. Sun Valley Fund Balance Analysis - FY 2010
Tentative Budget - NR 7-9-09