General Fund and Utilities Services Taxes Fund Balances

Fiscal Year 2022 Operating and Capital Budget

For a downloadable PDF collection of the fund balance schedules listed on this page, click here.

An image depicting a summary of fund balance changes for the General Fund between 2020 and the expected budget year of 2022.

The FY2020 Actuals fund balance increased by 10.6% primarily due to receiving reimbursement from the Coronavirus Aid, Relief, and Economic Security Act (CARES) for cost related to the Covid-19 Pandemic. Additionally, the City reduced the FY2020 expenses that offset the reduced revenues. The FY2021 Projected fund balance is projected to decrease by 15.2% primarily due to lower revenues and a one-time revenues expended in anticipation of receiving revenue recovery from the American Rescue Plan Act (ARPA). The FY2021 Projected revenues do not include the anticipated ARPA revenue recovery of $13,000,000.


The City has a General Fund/Utilities Services Taxes fund balance requirement of 20% of expenses. For FY2022, the fund balances for these two funds will increase by $2,129,794.

An image depicting a summary of fund balance changes for the Utilities Services Taxes Fund between 2020 and the expected budget year of 2022.

The FY2020 Actuals fund balance increased primarily due to the restructuring of the debt service in response to the projected decreases in revenues resulting from the Covid-19 Pandemic.