HomeMy WebLinkAboutDocumentation_Regular_Tab 11D_4/13/1989 • I .
•
VILLAGE OF TEQUESTA
N. ` Post Office Box 3273 • 357 Tequesta Drive
� ,� a Tequesta, Florida 33469-0273 • (407) 575-6200
�, ° FAX: (407) 575-6203
MEMORANDUM:
TO: Village Council
FROM: Thomas G. Bradford, Village Manager -7--
DATE: April 7, 1989
SUBJECT: Transference of Excess Undesignated General
Fund Balance to the Capital Improvement Fund
Attached hereto, please find a copy of page 23 of the
Comprehensive Annual Financial Report for the Village of
Tequesta for the fiscal year ended September 30, 1988. This
indicates a fund balance on September 30, 1988 of $905,724.
The Finance Department recommends that the Village keep on
hand a fund balance of at least $450,000 for cashflow
purposes. Therefore, excess funds are available for
utilization by the Village. It is recommended that the
Village Council authorize the transference of $400,000 to
the. Capital Improvement Fund. Provision of these funds will
minimize the impact of the Tequesta Drive Improvement
Project for which construction is anticipated to commence in
May of 1989. Approval of the Village Council is requested.
TGB/jmm
Attachment
i
VILLAGE OF TEQUESTA, FLORIDA
Combined Statement of Revenues, Expenditures, and
Changes in Fund Balances -
All Governmental Fund Types
For the Fiscal Year Ended September 30, 1988
General
Revenues
Taxes $2, 143, 933
Licenses and permits 170, 834
Intergovernmental revenues 493, 644
Charges for services 19, 562
Fines and forfeits 53, 034
Miscellaneous revenues 67, 508
Intragovernmental services 71 ,400
Total revenues 3,019,915
Expenditures
Current
General government 429, 632
Public safety 1,435, 360
Physical environment 308, 215
Transportation 269,873
Human services
Culture/recreation 502
Debt service 111, 466
Principal retirement
Interest and fiscal charges
Total expenditures 2,555,048
Excess of revenues over (under) expenditures 464,867
Other financing sources (uses)
Operating transfers in
Operating transfers out (220,000)
Total other financing sources (uses) (220,000)
Excess of revenues and other sources over (under)
expenditures and other uses 244,867
Fund balances, October 1, 1987 660,857
Fund balances, September 30, 1988
23