Surprise FY2021 Budget

FY2021 Budgeted Expenditures/Expenses are $1,065,600 lower than FY2020 Adopted/Adjusted Budgeted Expenditures/Expenses, a decrease of approximately 0.283%.

FY2020 comparison amount

$376,362,400

Dollar change

-$1,065,600

Percent change

-0.3%

These figures use the accounting measures reported by the City. Revenue, transfers, fund balance and other financing measures are kept separate rather than treated as interchangeable.

Revenue

$287,857,200

Transfers In

$40,163,600

Total Sources

$328,020,800

Fund Balance/Net Position at July 1

$139,415,100

Reduction in Fund Balance

$87,500,000

Budget Summary narrative identifies approximately $87.5 million of beginning fund balance as being used for FY2021 budgeted uses.

Fund balance is presented separately from recurring revenue and operating sources. The City states that fund balances are not a recurring revenue source.

The General Fund is shown separately from the citywide budget. Ongoing activity, one-time activity, fund balance and reserves are kept distinct where the adopted budget reports them separately.

Beginning fund balance

$45,374,100

Ongoing activity

Total Ongoing Sources

$123,451,900

Total Ongoing Uses

$117,980,100

Ongoing Surplus/(Shortfall)

$5,471,800

One-time activity

Personnel/Supplies/Services

$-191,100

The source presents this as a negative amount because personnel will be paid from grant money.

Contingency

$5,002,100

Other - Transfers Out

$2,593,900

Total One-Time Change

$7,404,900

The source equation is H = (E + F + G). This amount is subtracted when calculating ending fund balance.

Ending fund balance

$43,441,000

Reserves

Required Reserve

$19,336,000

Reserve equal to two months of budgeted personnel, supplies, and services for the General Fund, Ground Ambulance Fund, and Highway User Revenue Fund.

Accounting details

The FY2021 emergency reserve is carried in the one-time contingency line and is not included in the Minimum Required Fund Balance line.

The source distinguishes the required reserve from the emergency reserve for FY2021.

Balance Above/(Below) Reserve

$24,105,000

Ending Fund Balance less Required Reserve.

Accounting details

Calculated by the source as K = (I - J).

FY2021 has distinct required-reserve and emergency-reserve treatment. The emergency reserve is included in one-time contingency and excluded from the Minimum Required Fund Balance line.