HomeMy WebLinkAbout110122-03.1TOWN OF DANVILLE
GENERAL FUND BALANCE ANALYSIS
AS OF JUNE 30, 2022
Presented to Finance Committee on 10/18/22
June 30, 2022 June 30, 2021
TOTAL PRE-AUDIT FUND BALANCE AT 6/30/22 26,626,208$ 34,535,719$
Adjust for unrealized market value reported per GASB 31 requirement 1,050,668$ (1,050,668)$
Adjust for unrealized leased income/loss reported per GASB 87 requirement (38,077)$ -$
FUND BALANCE without UNREALIZED MARKET value 27,638,799$ 33,485,051$
Less Reserves/Designations Against Fund Balance for:
Operating Reserve 13,809,768$ 12,309,768$
Receivable from CDA 3,959,401$ 5,059,401$
Compensated Absences/Personnel 1,195,339$ 1,195,339$
Reserved for Debt Service 809,648$ 809,518$
Contingency 782,066$ 348,446$
Encumbrances 1,036,271$ 907,310$
COVID Reserved -$ 3,392,641$
500 La Gonda Way rental 1,266,413$ 1,366,413$
Reward Fund 10,000$ 10,000$
Total Reserves/Designations Against Fund Balance 22,868,906$ 25,398,836$
CURRENT UNRESERVED/UNDESIGNATED FUND BALANCE AT 6/30/22 4,769,893$ 8,086,215$
TOWN OF DANVILLE
FUND BALANCE OPTIONS
June 30, 2022
CIP - General Purpose 3,250,000 6,100,000
Operating Reserve 0 1,500,000
Contingency 0 486,336
Compensated Absences/Personnel 269,893 0
Assets Replacement 1,000,000 0
500 La Gonda Way 250,000 0
Optional Use of Recommended Available Fund Balance at 6/30/22 4,769,893 8,086,336
ATTACHMENT A