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