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City of Fillmore

City of Fillmore. 2009/10 Midyear Budget Review March 9, 2010. City of Fillmore 2009/10 Midyear. Budget Adoption and Review August 25, 2009 – City of Fillmore Adopted its Budget for the 2009/10 fiscal year. March 9, 2010 – City of Fillmore performed its 2009/10 Midyear Budget Review

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City of Fillmore

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  1. City of Fillmore 2009/10 Midyear Budget Review March 9, 2010

  2. City of Fillmore 2009/10 Midyear • Budget Adoption and Review • August 25, 2009 – City of Fillmore Adopted its Budget for the 2009/10 fiscal year. • March 9, 2010 – City of Fillmore performed its 2009/10 Midyear Budget Review • June, 2010 – City of Fillmore adjusts 2009/10 and adopts 2010/11 Budget

  3. City of Fillmore 2009/10 Midyear Two major fund groups in the report • Operating Funds • General • Special Revenue • Enterprise • Debt Service (except redevelopment) • Capital Improvements

  4. City of Fillmore 2009/10 Midyear • Report starts with balances derived from audited numbers • Converts balances into “available balances” by reviewing balance sheet accounts.

  5. City of Fillmore 2009/10 Midyear • July 1, 2009 beginning balances in the adopted budget are estimated. • July 1, 2009 beginning balances in the Midyear Report are audited numbers.

  6. General Fund Revenue Adjustments City of Fillmore 2009/10 Midyear

  7. General Fund Revenue Adjustments City of Fillmore 2009/10 Midyear

  8. General Fund Revenue Adjustments City of Fillmore 2009/10 Midyear

  9. General Fund Expenditure Adjustments City of Fillmore 2009/10 Midyear

  10. City of Fillmore 2009/10 Midyear General Fund Summary

  11. General Fund Balance After Adjustments City of Fillmore 2009/10 Midyear

  12. City of Fillmore 2009/10 Midyear REVENUE & TRANSFER IN ADJUSTMENTS

  13. City of Fillmore 2009/10 Midyear EXPENDITURE & TRANSFER OUT ADJUSTMENTS

  14. City of Fillmore 2009/10 Midyear

  15. City of Fillmore 2009/10 Midyear CAPITAL IMPROVEMENT PROJECTS

  16. City of Fillmore 2009/10 Midyear • Capital Projects Revenue & Transfer In Adjust.:

  17. City of Fillmore 2009/10 Midyear • Capital Projects Expenditure & Transfer Out Adjust.:

  18. City of Fillmore 2009/10 Midyear • CAPITAL IMPROVEMENTS ADOPTED BUDGET

  19. City of Fillmore 2009/10 Midyear • CAPITAL IMPROVEMENTS REQUESTS

  20. City of Fillmore 2009/10 Midyear • CAPITAL IMPROVEMENTS AMENDED BUDGET

  21. City of Fillmore 2009/10 Midyear • The budget will be further refined as we approach year end and begin to develop the 2010-2011 Budget. • Major areas of concern are: • State of the Economy • Possible Decline in Property Values • The State of California’s Budget Woes • Resolution of Sales Tax Issue

  22. City of Fillmore 2009/10 Midyear • Recommended Action: • Adopt Resolution 10-3225 amending 2009/2010 budget. • Authorize the City Manager to make recommended budget adjustments. • Authorize the Executive Director to send a letter to Ventura County Auditor Controller reporting the source of the SERAF payment

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