City's Year End General Transfer

Contributed by: Anonymous
During the February 28th city council meeting, the council voted to transfer $498,731 from the General Fund to cover various items. Does this amount seem large? Is this normal?

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City's Year End General Fund Transfer
Authored by: Anonymous on Monday, March 06 2006 @ 11:13 AM MST
The general fund is meant for a "rainy day". It is supposed to ideally contain 10% of the operating budget. I don't know right now if it does or not but I have been told that it is below that level. If that is true, it needs to be looked at and managed better. The general fund should not be touched unless all other options have been exercised.K Monte

City's Year End General Fund Transfer
Authored by: Anonymous on Tuesday, March 07 2006 @ 08:49 AM MST
Does anyone know that the "items" were?

City's Year End General Fund Transfer
Authored by: Anonymous on Tuesday, March 07 2006 @ 11:40 AM MST
$498,731 from the General Fund, and $493,365 from various department funds (overbudget?) were transferred to numerous different departments totaling $992,096. The largest items were Police Administration ($233,509 pay/retirement), Fire ($108,293 pay), Central Garage ($69,995 diesel fuel), Uncollectible Accounts ($114,261).

City's Year End General Fund Transfer
Authored by: Anonymous on Wednesday, March 08 2006 @ 08:16 AM MST
What is the difference between a general fund and a reserve fund??

City's Year End General Fund Transfer
Authored by: Anonymous on Wednesday, March 08 2006 @ 08:30 AM MST
None