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HomeMy WebLinkAbout10.a. (PowerPoint) Fiscal Reserve PolicyATTACHMENT 2 Board Direction — March 5, 2015 Workshop • Operating Fund Working Capital Reserves - 5 months budgeted expenditures • Capital Fund Working Capital Reserves — 6 months annual CIP Budget • Insurance Reserves $1.5 million — reduce self insured retention from $1 million to $.5 million per event • Emergency Reserves - $5 million July 1, 2014 Cash Allocation By Fund Per Audited Financial Statement ($000's) $57,923 $60,OOD $50,000 $42,118 $40,000 $30,000 $20,OOD $11,300 $10,000 $4.505 $0 fl—. i— Fund r,nit,l Find Inaur.nrn Fund T—I July 1, 2015 Cash Allocation By Fund ($000's) $70,000 $60,670 $60,000 $50,000 $36,500 $40,000 $30,000 $17,670 $20,000 0 56,500 $10,000 $0 Op —tin, Fund r...iw F—d In -r—rn Fund Tnfal 09/11/15 2 $50,000 545,000 $40,000 $35,000 $30,000 $25,000 $20,000 - $15,000 $10,000 $5,000 $_ c°r � SQ Operating Fund Cash Flow FY15 -16 ($000's) J q ¢ PQ � lJ - Revenue - Expenditures -Cash Balance Sewer Construction Fund Cash Flow FY15 -16 ($000's) $:0,808 -- — -- -- -- - - $15,000 - - - -- - Revenue - Expenditures -Cash Balance -so oe` ,sad fT � 09/11/15 3 District Revenue FY 2015 -165 Operating Revenues $87.5 Million Capital Revenues $28.8 Million City of HHW Other City of Other Capacity Concord $8791 $2.523 Concord $1,264 Fees $13,700 $3,150 _ $6,184 Sewer Service Sewer Charges Ad Service $8,110 Valorem Charges Tax $70,390 $10,060 09/11/15 0