General Fund Operating Expenses - The following table indicates the General Fund departmental expenses over a 3 year period from 2022-2024, including capital expenditures. The total of all 2024 budgeted expenditures is $33,769,756 after revisions netting $3,611,776 have been added.

The suggested Expense revisions to the 2024 initial proposed budget indicated above are as follows:

The suggested Expense revisions to the 2024 initial proposed budget indicated above are as follows:(continued)

The suggested Expense revisions to the 2024 initial proposed budget indicated above are as follows:(continued)

GENERAL FUND - 4 YEAR FUND BALANCE AND RESERVE PERCENTAGE

The following table shows the changes in the Fund Balance of the General Fund from 2021 through 2024 using the 2021 and 2022 actual audited results, the 2023 amended budget and the 2024 revised proposed budget.

Fund balance is the difference between assets and liabilities, deferred outflows of resources and deferred inflows of resources, of a government fund. Because assets may include non-cash items, fund balances may not represent liquid assets. Changes in fund balance from year to year are the result of the differences between revenues and expenditures including other financing sources and uses.

The City's financial policies include a requirement of keeping at least 20% of the general fund's annual expenditures in reserve. The table shows that the reserve requirement has and as budgeted, continues to be met. The reserve percentage at the end of 2024 is estimated to be 34.1%