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INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 7067
To the Mayor and Members of the City Council November 19, 1985
X Subject: 1984-85 YEAR END FINANCIAL STATUS
The staff has completed a preliminary review of the City's 1984-85 year-end
financial data, and the unaudited General Fund Balance status is provided on
the attached sheet for your information.
In summary, when the $2 million commitment to the Robotics Center and the
$1.8 million budgeted for expenditures during the 1985-86 fiscal year are
taken into account , the difference in revenues and expenditures is
approximately $5.3 million. This amount will increase the Undesignated,
Unreserved General Fund Balance to approximately $22.9 million. Thus, the
City will have some amount of cushion to offset any reduction in receipt of
Federal funds and to meet other emergency spending needs during the 1985-86
fiscal year.
Additional information will be provided to Council as year-end closing
procedures are completed.
tJ4,1 Douglas Harman
City Manager
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- ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS