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TARGET FUND BALANCE CALCULATIONS AND MEASUREMENTS
<br />2014 Target 2015 Target 2016 Target
<br />Designated for Cashflows 2015 2016 2017
<br />Subsequent Year's Budget:Budget Budget Budget
<br />Property Taxes 6,925,000 7,192,000 7,900,100
<br />Less Debt Service (674,700)(421,300)(597,400)
<br />State Aids 943,500 950,400 947,000
<br />7,193,800 7,721,100 8,249,700
<br />x 50%3,596,900 3,860,550 4,124,850
<br />Designated for Contingencies
<br />Subsequent Year's Budget 13,463,700 14,232,900 15,106,600
<br />Less Debt Service (674,700)(421,300)(597,400)
<br />12,789,000 13,811,600 14,509,200
<br />x 10%1,278,900 1,381,160 1,450,920
<br />Total Targeted Fund Balance 4,875,800 5,241,710 5,575,770
<br />% of next Year's Budget 38%38%38%
<br />Unassigned Fund Balance as of 12/31 6,223,393 6,263,521 6,461,527
<br />% of next Year's Budget (minimum of 35%)49%45%45%
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