Board Of Aldermen - Agenda - 9/12/2017 - P12

Surplus Use and Overlay Notification

Line No. Unassigned Fund Baiance:

4 Projected Balance 06/30/2017 $ 37,121,501
2 Apply to Tax Rate (7,100,000)
3 Adjusted Projected Balance 06/30/2017 $ 30,021,501
4
5
6 Total General Fund Appropriations $ 258,493,971
7
§ % Unassigned Fund Balance 11.6% (16% minimum per NRO 5-135)
9

10

11

{2 Overlay Recap

13 Reserve $ 1,500,000

14 FY2017 Amount Remaining 1,700,000

15 FY2018 2,000,000

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a

Total Overlay Amount $ 5,200,000