HomeMy WebLinkAboutFund Balance BenchmarksFUND BALANCE BENCHMARKS City` Policy Currently Explanation Westlake 90 operating days 342 days Estimated FY 16-17 equates to 94% of exp (inc. Transfers) Watauga 25% of operating expenditures 43% Council nervous when get closer to requirement since city is limited on new development Roanoke 16.67% of operating expenditures 32% Less than 8.34% is cause for concern, barring unusual/deliberate circumstances. Try to stay close to 20%. Keller Min 19.2% of operating expenditures/70 days Max 50% of operating expenditures/182 days 35% When amount is exceeded, City identifies one- time exp. Or consider rate changes for which to use the funds for and review revenue rates to ensure no unnecessary over collection of revenues. Saginaw Min 15% - Max 20% of operating expenditures 38% Typically higher than the 20% Haltom City 20% of operating expenditures 23% Cedar Hill 25% of operating expenditures 33% Any balance below 20% is cause for concern and possible mitigation. Hurst 90 operating days 92 days Transfer amounts in excess of 90 days into our Special Projects Fund and into our Loss Reserve Fund (for health care expenses) Bedford 20% of operating expenditures 22.80% 82 days Ennis 30% of operating expenditures 110 days Prefer to stay above the minimum because of unknowns Trophy Club 30% of operating expenditures 35% Try to maintain 35% Southlake Min 15% - Optimum 25% of operating expenditures Any balance above 25% is transferred to the Strategic Initiative Fund that is used for one- time high impact expenditures for Community Enhancement; Technology & Capital Grapevine 20% of operating expenditures 26% City does attempt to keep more than the minimum requirement, although there is no defined amount established as to what that excess should be. Highland Park 17% of operating expenditures 23% $20M Budget $11M Property Tax Revenue $.22 per $100 valuation