FY2021 Budget

Capital Investment Program CRF

MISSION

The purpose of the CIP Capital Reserve Fund is to set aside funds annually for the advancement of future Capital Investment Projects. The funds may be utilized for preliminary design for improved cost estimation or for associated debt obligations or any other capital expense related to the project. This avoids resource competition and cash flow demands on the Fund Balance and allows for better planning and implementation of tangible assets that add value to the community.

SERVICE TO COMMUNITY

Leverage our resources by re-investing in the community.

BUDGET NOTES

New Initiatives & Priorities

Cost Value

None

$0.00

2020 Estimated Actual

2021 Proposed Budget

2018 Actual

2019 Actual

CIP CAPITAL RESERVE FUND

Beginning Balance Interest Earnings

$ $ $ $ $

200,798

$ $ $ $ $

404,263 52,125

$ $ $ $ $

4,326,388

$ $ $ $ $

1,019,816

3,466

43,428 200,000

- - -

Transfer in from General Fund Transfer out to General Fund

200,000

3,870,000

-

-

(3,550,000) 1,019,816

Ending Fund Balance

404,264 101.3% 203,466

4,326,388

1,019,816

Year Over Year % Change Total Year Over Year $s Change Total

970.2%

-76.4%

0.0%

$

$

3,922,124

$

(3,306,572)

$

-

88