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Exhibit 1
<br />General Fund's Targeted Fund Balance per Policy
<br />Designated for Cashflows
<br />Subsequent Years Budget:
<br />December 31, December 31,
<br />2006 2007
<br />(2007) (2008)
<br />December 31, December 31,
<br />2008 2009
<br />(2009) (Amended 2010)
<br />Property taxes
<br />Less D/S portion
<br />LGA
<br />Police State aid
<br />Fire state aid
<br />MSA
<br />MVHC
<br />PERA State aid
<br />x 50%
<br />Designated for Contingencies
<br />Subsequent Years Budget
<br />Less D/S portion
<br />x 10%
<br />Total Targeted
<br />Unreserved Fund Balance as of 12131/xx
<br />Difference
<br />% of next Years Budget
<br />Potential to re-allocate per Fund Balance Policy
<br />Total Fund Balance:
<br />1/1/20xx
<br />Revenues
<br />Expenditures
<br />Net
<br />12131/20xx
<br />Fund Balance Reserved for Prepaid Items
<br />6,973,500 7,248,200
<br />(1,418,600) (1,418,600)
<br />0 0
<br />190,500 190,500
<br />120,000 130,000
<br />131,000 135,000
<br />240,000 210,000
<br />16,900 0
<br />6,253,300 6,495,100
<br />3,126,650 3,247,600
<br />12, 362,400 12,837,000
<br />(1,418,600) (1,418,600)
<br />10,943,800 11, 418, 400
<br />1,094,380 1,141,800
<br />4,221,600 4,389,400
<br />4,766,219 5,515,202
<br />544,619
<br />s? 1,125,802
<br />38.55% 42.96%
<br />109,137 225,160
<br />
<br />Actual
<br />(2006) Actual
<br />(2007)
<br />4,252,689 4,766,219
<br />7,185,700 7,104,100
<br />(898,700) (1,028,600)
<br />152,300 0
<br />190,500 190,500
<br />120,000 120,000
<br />155,700 164,800
<br />210,000 0
<br />16,900 16,900
<br />7,132,400 6,567,700
<br />3,566,200 3,283,850
<br />13,206,300 12,588,800
<br />(898,700) (1,028,600)
<br />12,307,600 11,560,200
<br />1,230,760 1,156,020
<br />4,796,960 4,439,870
<br />5,660,774 5,901,102
<br />863,814 1,461,232
<br />42.86% 46.88%
<br />172,763 292,246
<br />s?
<br />Actual Actual
<br />(2008) (2009)
<br />5,522,370 5,667,942
<br />12,233,371 12,577,411 13,025,688 12,826,443
<br />(11,719,841) (11,821,260) (12,880,116) (12,586,655)
<br />513,530 756,151 145,572 239,788
<br />4,766,219 5,522,370 5,667,942 5,907,730
<br />
<br />7,932 7,168 7,168 6,628
<br />updated: 7/23110
<br />printed: 8120110
<br />Fund Balance Target Surplus (FBTS) =
<br />Less Amounts Encumbered for the following:
<br />Prepaid Items
<br />Amended 2010 General Fund Budget
<br />FSC Roof
<br />Amount Remaining
<br />1,461,232
<br />(6,628)
<br />(122,800)
<br />(158,000)
<br />1,173,804
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