Sentences with phrase «total general fund budget»

The draft audit notes that the city's goal had been to maintain an unrestricted fund balance (sometimes referred to as a reserve fund) of 5 percent of its total general fund budget.

Not exact matches

Following approval of the annual budget, no additional unassigned General Fund fund balance shall be appropriated as revenue during the fiscal year without the affirmative vote of at least two - thirds of the total membership of the County LegislatFund fund balance shall be appropriated as revenue during the fiscal year without the affirmative vote of at least two - thirds of the total membership of the County Legislatfund balance shall be appropriated as revenue during the fiscal year without the affirmative vote of at least two - thirds of the total membership of the County Legislature.

Totaling $ 4,445,454 in appropriations, including the General, Highway, Water and Sewer Funds, the proposed town budget would require an additional $ 71,296 in taxes to be raised, an increase of 2.53 percent over 2017.

«We had a $ 3.8 million deficit in the general fund, and we're looking at a $ 2.6 [million] deficit in our federal grants, which brought our total budget deficit to $ 6.4 million,» Albanese said.

In the report on South Huntington, which covered July 2014 through December 2015, auditors said the school board and district officials overestimated general fund appropriations in the last three adopted budgets, resulting in operating surpluses totaling approximately $ 10.6 million.

While the preliminary budget had already laid out $ 1 billion for the General Reserve and $ 500 million for the Capital Stabilization Reserve, the mayor added another $ 250 million to the Retiree Health Benefits Trust fund, bringing it to a total of $ 3.7 billion.

Friedfel says the «gimmicks» include a proposal to shift the cost of paying some state workers from the general fund to a capital fund, worth $ 227 million, which does not count towards total spending in the budget.

K - 12 education is the largest line item in most state budgets, representing 22 percent of total state spending and more than a third of general fund expenditures (money that comes from state taxes and is not earmarked for specific purposes).

Public education, which received more than $ 2.5 billion in state funding this year, makes up the largest individual slice of the Mississippi general fund budget at about 40 percent of the total budget.

Additionally, my school's budget was reduced by 3.26 percent (adding to a total of almost 14 percent in the past four years), general per - pupil funding was cut by 6 percent, and the city decided students with special needs would receive 15 percent less per - pupil funding than before.

Under the budget passed by the General Assembly this week, state funding for postsecondary education will be cut over the next two years, with total biennial decreases of 2.5 % for financial aid resources and for institutional funding.

(a) if the amount of money in the contingency reserve fund at the time of the first annual general meeting is less than 25 % of the estimated operating expenses for the 12 month period set out in the interim budget, the annual contribution to the contingency reserve fund under the first annual budget must be at least 10 % of the total amount budgeted for the contribution to the operating fund for the 12 month period covered by that budget;

(b) if the amount of money in the contingency reserve fund at the end of any fiscal year after the first annual general meeting is equal to or greater than 25 % of the total amount budgeted for the contribution to the operating fund for the fiscal year that has just ended, additional contributions to the contingency reserve fund may be made as part of the annual budget approval process after consideration of the depreciation report, if any, obtained under section 94 of the Act.

The overall proposed budget is up $ 8 million and totals $ 332.6 million, while the proposed general fund budget is $ 231.2 million, around $ 3.7 million more than last year's general fund budget.

And finally, the report notes that the share of the budget dedicated to early childhood has decreased significantly, shrinking from 2.1 % of the total State General Fund Budget in FY 2000 - 2001 to 1.3 % in FY 2012 -budget dedicated to early childhood has decreased significantly, shrinking from 2.1 % of the total State General Fund Budget in FY 2000 - 2001 to 1.3 % in FY 2012 -Budget in FY 2000 - 2001 to 1.3 % in FY 2012 - 2013.