2013–2014 BIENNIAL BUDGET - the City of Tukwila

2013-2014 Biennial Budget City of Tukwila, WashingtonFUND BALANCETo the extent revenues exceed expenditures, fund balance is increased and can be carriedforward for use in the following fiscal year. To the extent expenditures exceed revenues, fundbalance is used and declines. The City’s Reserve Policy specifies that, by the end of 2014, theGeneral Fund ending fund balance shall equal or exceed 10% of the previous year operatingrevenues. The Reserve Policy also requires that a minimum fund balance be attained for theContingency / Reserve Fund by the end of 2014. The minimum balance amount is computed onthe same basis as that used to compute the General Fund minimum balance.A schedule of funds included in Attachment A follows.Estimated Budget BudgetFUNDS INCLUDED INATTACHMENT AEndingBalanceEndingBalanceEndingBalance2012 2013 2014000 General Fund $ 3,800 $ 5,383 $ 4,309103 Residential Street 700 512 623104 Arterial Street 200 311 92109 Drug Seizure Fund 280 321 3622** Debt Service 3,309 9 12301 Land, Park Acquisition 500 527 773302 Facilities 2,000 1,415 1,410303 General government 200 93 259304 Fire facilities 300 350 400$ 11,289 $ 8,922 $ 8,240Change in Fund Balance $ (2,367) $ (682)Page 355