Dipping our toe in the crazy pool.

Puppy-Pool-Party

10 Jun Dipping our toe in the crazy pool.

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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Chaz Stevens

Chaz Stevens

Professional Troublemaker
Father of the world-famous Pabst Blue Ribbon Festivus Pole, Chaz’s antics are sure to entertain, educate, and irritate. Chaz has been appeared on The Colbert Report, The Daily Show, Fox News, and hundreds of national media outlets, and several international newspapers.
Chaz Stevens

@TweetsByMAOS

According to John Stewart, I am the General Patton of the War on Xmas. Father, Pabst Blue Ribbon Festivus Pole. Professional troublemaker.
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Chaz Stevens