here - City of Reedley

BUDGET SUMMARIES
The Budget Summaries section of the budget document is intended to give the reader an overview of
the City's Adopted Budget as it pertains to the following areas:
2013-14 Adopted Budget Summary by Fund
This schedule is meant to give the reader an understanding of how requested appropriations for FY
2013-14 breakout for each fund between personnel-related costs, maintenance & operating accounts,
and capital expenditures.
2012-13 Fiscal Year-End Expense Estimates by Fund
This summary provides information similar to the 2013-14 Adopted Budget Summary by Fund, but for
year-end estimated expenditures of the current fiscal year; reflecting staff estimates for personnelrelated
costs, maintenance & operating accounts, and capital expenditures.
City Fund Balances
The fund balance summary shows the impact, over several years, of annual revenue and expenditure
activity has on the fund balance of the City's 46 individual funds. In some cases, the fund balance
may show a negative amount which can be due to several factors; including timing differences in
expenditures and grant reimbursements, a previous operating deficit that is being addressed, or
inter-fund loan activity.
General Fund Summary of Expenditures by Department
Providing more detail than the fund summaries described above, this schedule provides the reader
with a detail of General fund appropriations for each Department and operating sections within each.
Some City departments, such as enterprise operations, have no appropriations in the General Fund;
whereas other departments, such as Engineering or Community Services have only a portion of their
appropriations in the General Fund.
General Fund Summary - Effect on Carryover Fund Balance
This summary provides an important analysis of annual revenue and expenditures in the General
Fund, and their impact to carryover fund balance. Carryover is essentially the resources 'leftover' in a
fund at the end of a fiscal year after all revenue is deposited and expenditures incurred for the
period. demonstrates the City's utilization of carryover resources for the next year's budget. For
example, in FY 2012-13, the projected General Fund revenue was $312,364 short of the requested
appropriations, however estimated carryover in the General Fund was sufficient to cover the shortfall.
The financial position of the General Fund is improved over last year in that the revenue shortfall is
projected to be $231,151, a 26% decrease over the shortfall projected at this time last year. Much of
this improved position is due to FY 2012-13 actual carryover being greater than originally estimated.
The summary also shows the amount of direct revenue (i.e. program revenue) that a particular
department generates in support of its activities. For example, the resources in the General Fund
used for legal services (i.e. City Attorney) does not have any direct offsetting revenue, therefore the
subsidizing revenue to support this activity is equal to the appropriation. However a department such
as Community Services generates well in excess of $300,000 annually in program revenue to partially
offset the cost of its activities.
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CITY OF REEDLEY
ADOPTED BUDGET 2013-2014