Building & Equipment Services Fund -
Pro Forma Schedule
FY2022 Adopted Budget
Pro Forma Schedule of Working Capital Position
- Fiscal Year 2020-21 beginning Amended Budget is adjusted for actual audited amounts, encumbrances, and Council approved budget amendments.
- The discrepancy between Total Revenue and Total Expenses will be funded with Working Capital (excess amount over the minimum Working Capital requirement).
Pro Forma Working Capital Schedules
- The actual ending working capital balance for FY2020 is $824,859, which represents a 2-month reserve for FY2020 actual expenses.
- The projected ending working capital balance for FY2021 is $709,301, which represents a 1-month reserve for FY2021 projected expenses.
- The original ending working capital balance for FY2022 is $58,282, which represents a 0-month reserve for FY2022 budgeted expenses.
- The discrepancy between Total Revenue and Total Expenses will be funded with Working Capital.
Revenues vs Expenses
Recurring vs One-Time
Revenues by Classification
- Interdepartmental increased due to increases in fuel costs and building services overhead.
- Other Financing Sources decreased due to a one-time transfer related to COVID expenditures in FY2021.
- Interest income decreased due to a decrease in interest rates.