Staff presents three supplemental budgets per year to the Board. The purpose of the second supplemental budget is primarily to adjust the budgeted fund balance to correspond to the audited amounts. In general, additional fund balance is appropriated to the reserve or debt service commitments.
1996/2006/2016 Arena Bonds (22010) - $1,069,000 - Budgeted fund balance is adjusted based on the audited amount. Funds are appropriated for additional debt service costs ($4,500) and the remaining funds are reserved per the bond covenants ($1,064,500).
2001A General Obligation Bonds (21010) - $172,000 - Budgeted fund balance is adjusted and additional funds are appropriated to reserves.
Parks & Land Preservation General Obligation Bonds (21015) - $356,000 - Budgeted fund balance is adjusted and additional funds are appropriated to reserves.
2010 Courthouse Bonds (22015) - $60,000 - Budgeted fund balance is adjusted based on the audited amount. Funds are appropriated for additional debt service costs ($3,100) and the remaining funds are appropriated to reserves ($56,900). |