Target Pending
General Fund Balance
Finance

Metric Definition

The General Fund (GF) Unassigned Fund Balance as a percent of the GF Operating Budget.

Target Definition

The “Target” GF >= 15%; “Close to Target” GF >= 10%; anything less “Needs Improvement”.

Organizational Effect

Reestablishing the GF balance has required increasing revenue (taxes and fees) and reducing operations and maintenance (O&M) and capital expenditures (e.g. equipment; building and facility maintenance). Once GF balance has been restored above Council set goals, expenditures may be increased to enhance the quality of life for our residents, visitors, and employees.

Target Data

The City Council and staff define the targets in relation to national and state benchmarks.

Significance

GF balance above the established targets enable the City government to fund O&M and capital requirements when revenue is down and costs may be up due to national, state, and/or local state of emergency or other City specific situations.

Chart

Chart

Combination chart with 3 data series.
General Fund Balance (Chart Type: Column) Plot Bands 2020 GF: 3.60 Target GF: 15.00% Floor GF: 10.00% 2021 GF: 11.38 Target GF: 15.00% Floor GF: 10.00% 2022 GF: 29.00 Target GF: 15.00% Floor GF: 10.00% 2023 GF: No Value Target GF: No Value Floor GF: No Value
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Range: 0 to 30.
End of interactive chart.