Dipping our toe in the crazy pool.

Chaz StevensPolitics0 Comments

Puppy-Pool-Party

Let’s get right to the bad news.

[cleeng_content id=”396630450″ description=”Why stop now? It’s just getting interesting!” price=”0.99″ referral=”0.10″]Our conservative FY12 Ending forecast indicates a $2.5M General Fund cash deficit.

MAOS continues to advise drastic downward budget amendments, deep cuts in Parks and BSO, and nailing :JA: right in his girl pearls.

We arrived at this conclusion by comparing pooled-cash, examining the City’s latest financial statement, and trying to make sense (we couldn’t) of the unchanging month-to-month cash balances.

While that task melted our collective mind, we determined:

  1. The cash-deficit problem endures, as most of the General Fund money will cover other Governmental funds shortages.
  2. What little money remains belongs to restricted purpose and/or Special Assessment funds.

For those keeping score at home:

May 31, 2012

Revenue:
Budget: $15.8M
Collected to date: $12.1M
Still to collect: $3.7M

Expenses:
Budget: $15.8M
Spent to date $9.6M
Still to spend: $6.2M

* Our previous FY12 cash flow analysis indicated GF cash collected at $14.8M – a budget decrease of $1M.

As you can see, the City will fall short by $2.5M.

Some team members projected FY11 deficits launching 33319 into a low Earth orbit.

In years past, the cash-poor solution was raiding the Special Assessment Piggy Bank, but in 2012, it will be too little, too late.

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