FY23 FULL BUDGET REPORT ADOPTED

Capital Investment Program CRF

Reserve Scope 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. Leverage our resources by re- investing in the community.

Budget Notes

2022 Estimated Actual

2023 Projected Budget

2020 Actuals

2021 Actuals

Beginning Balance Interest Earnings

$ $ $ $ $ $

4,326,388

$ $ $ $ $ $

1,019,817

$ $ $ $ $ $

368,546

$ $ $ $ $ $

89,058

43,429

591

315

350

Transfer in fromGeneral Fund

200,000

- -

-

-

Transfer in fromCapital Project Fund Transfer out to Capital Project Fund

-

30,196

200,000

(3,550,000) 1,019,817

(651,862) 368,546

(310,000)

-

Ending Balance

89,058

289,408

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

970%

-64%

-76%

225%

$

3,922,124

$

(651,271)

$

(279,489)

$

200,350

85