Board Of Aldermen - Agenda - 9/12/2018 - P10

Surplus Use and Overlay Notification

Line No. Unassigned Fund Balance:

1 Projected Balance 06/30/2018 $ 34,838,600
2 Apply to Tax Rate (4,500,000)
3 Adjusted Projected Balance 06/30/2018 $ 30,338,600
4
5
6 Total General Fund Appropriations $ 262,763,651
7
8 % Unassigned Fund Balance 11.5% (10% minimum per NRO 5-135)
9

10

11

12 Overlay Recap

13 Reserve $ 1,500,000

14 Prior Year Overlay Carryover 2,700,000

15 FY2019 3,000,000

16 Total Overlay Amount $ 7,200,000