[speaker not understood] take that starting balance and allocate it for each of the two fiscal years. Does that include where we allocated when we send the Budget Stabilization reserve, [speaker not understood] fund balance . Thats right. So, current year [speaker not understood]. Right. So, we have 116 million available. Much of that is going to be counted for next fiscal year. 72 million of current revenue. And in the next slide well show you exactly what sources that 72 million comes from. Baseline contributions, that is, we have to pay 9. 5 million to get to our base lines. Department of operations, if you take all of the revenue, gains and losses, all the expenditures, deficits and surpluses, we end up with a net of almost 19 million short. The pending supplementals, both approved and pending before the board of supervisors amount to 6. 4 million to the general fund. And then the use of the general re serve of 32. 2 million. We are assuming you will need to use all of that reserve
Its an an insignificant number. Its approximately 30 million of impact. Some of that is on the general fund side, some of it is not. And i think we all will need to be watching closely to see what the federal government does. And then make some determinations about to what degree the city can afford to backfill those kinds of programs. Okay. And to ms. Zamudas comments or earlier, those would be anticipated be felt in the next fiscal year, though, if they do happen . I think thats yet to be seen. You know, we know that federal agencies are already slowing down their spending and anticipation of the sequester. What that likely means is that they will try to minimize the current year effects on funding that theyve already given out, but theyre just not giving out more funding today. And, so, that would tend to support what the deputy controller said. Thank you. So, other funds, highlights in other funds, we do concentrate on the general fund, perhaps too much. And this highlights, superv
Expenditures, deficits and surpluses, we end up with a net of almost 19 million short. The pending supplementals, both approved and pending before the board of supervisors amount to 6. 4 million to the general fund. And then the use of the general re serve of 32. 2 million. We are assuming you will need to use all of that reserve in order to balance the budget. And then the deposits to reserves, because of our increases to revenue, amount to 11 million. So, that brings us to a projected fund balance estimate of 174 million. As i mentioned before, 103 million of that was already committed to the year two. And the replenishment of the general re serve that we will be using this year needs to be incorporated in next years budget, leaving us with a projected surplus of 38 million. So, the next slide provides you with a summary of our major tax revenue in the city and it shows you where the bulk of that surplus 72 million come from. And that is property transfer taxes, about 21 million over
72 million of current revenue. And in the next slide well show you exactly what sources that 72 million comes from. Baseline contributions, that is, we have to pay 9. 5 million to get to our base lines. Department of operations, if you take all of the revenue, gains and losses, all the expenditures, deficits and surpluses, we end up with a net of almost 19 million short. The pending supplementals, both approved and pending before the board of supervisors amount to 6. 4 million to the general fund. And then the use of the general re serve of 32. 2 million. We are assuming you will need to use all of that reserve in order to balance the budget. And then the deposits to reserves, because of our increases to revenue, amount to 11 million. So, that brings us to a projected fund balance estimate of 174 million. As i mentioned before, 103 million of that was already committed to the year two. And the replenishment of the general re serve that we will be using this year needs to be incorporate
To get to our base lines. Department of operations, if you take all of the revenue, gains and losses, all the expenditures, deficits and surpluses, we end up with a net of almost 19 million short. The pending supplementals, both approved and pending before the board of supervisors amount to 6. 4 million to the general fund. And then the use of the general re serve of 32. 2 million. We are assuming you will need to use all of that reserve in order to balance the budget. And then the deposits to reserves, because of our increases to revenue, amount to 11 million. So, that brings us to a projected fund balance estimate of 174 million. As i mentioned before, 103 million of that was already committed to the year two. And the replenishment of the general re serve that we will be using this year needs to be incorporated in next years budget, leaving us with a projected surplus of 38 million. So, the next slide provides you with a summary of our major tax revenue in the city and it shows you w