FY2016-17 Budget Final

Historical Foundation Fund 237 This fund will begin FY 2017 with a FB of $4,544 and will end the year with a FB of $4,544, which represents a 0% change in FB throughout the year. Youth Sports Association – Football Fund 238 This fund will begin FY 2017 with a FB of $26,361 and will end with a balance of $27,809, which represents a 5.5% increase in FB throughout the year. Youth Sports Association – Basketball Fund 239 This fund is used as a “holding account” for youth basketball registration fees, which are used to fund expenses for the basketball association. This fund carries a FB, because registration seasons overlap the City’s fiscal year. This fund will begin FY2017 with a FB of $351, and will end with a FB of $451, which represents an increase in FB by 28.5%. While insignificant, this increase is due to Revenues exceeding Expenditures by $100. This fund will begin FY 2017 with a FB of $18,332 and will end with a balance of $18,277, which represents a 0.3% decrease in FB throughout the year for supplies expenditures. Housing Finance Corporation Fund 241 This fund will begin FY 2017 with a FB of $195,332 and will end with a FB of $175,362, which represents a 10.2% decrease in FB throughout the year. This reduction is due to the allocation of $20,000 for the Neighborhood Grant Program for the beautification of our City, as well as the lack of revenues to offset this expenditure. Industrial Development Authority Fund 242 This fund will begin FY 2017 with a FB of $28,854 and will end with a balance of $28,654, which represents a 0.7% decrease in FB throughout the year for supplies expenditures. Youth Sports-Girls Softball Fund 247 This fund will begin FY 2017 with a FB of $4,625 and will end the year with a FB of $4,625, which represents a 0% change in FB throughout the year. Health Facilities Development Corp Fund 240

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