A Closer Look at the University City Budget for FY 2012

Fiscal Year 2011-2012 University City Budget

Budget-All Funds

Revenue - All Funds: 
Proposed Budget: $35,196,202.
Final Budget: $37,242,205.

Expenditures - All Funds:
Proposed  Budget: $33,934,040
Final Budget: $36, 837, 503

Surplus:
Proposed Budget: $1, 262, 162
Final Budget: $404, 702

Budget - General Fund:

Revenue - All Funds:
Proposed Budget: $26, 341, 840
Final Budget: $26, 072, 840

Expenditures - All Funds:
Proposed Budget: $25, 579, 879
Final Budget: $25, 836, 062

Surplus:
Proposed Budget: $761, 961
Final Budget: $236, 778

The General Fund will continue to have reserves of approximately $11,000,000.

Financial additions to the budget for 2012

• $30,000 for microphone system replacement
• $25,000 for part-time clerical assistance
• $10,000 for additional City Council professional development
• $80,000 for Youth Employment Program
• $50,000 for Professional Consulting Services
• $100,000 for Marketing and Communications
• $80,000 for Home Rehabilitation Loans

Funds extracted from projected budget

• $220,000 - after staff recommended to eliminate charging f0r Loop parking
• $11,000 - money no longer needed to pay for lighting at golf driving range