Reference Number:
CTAS-2097
|
Estimated Beginning Fund Balance |
+ |
$1,000,000 |
(A) |
|
Estimated Revenue |
+ |
5,000,000 |
(B) |
|
Transfer Into the Fund |
+ |
0 |
(C) |
|
Total Available Funds |
= |
6,000,000 |
(A+B+C=D) |
|
Estimated Expenditures |
- |
5,500,000 |
(E) |
|
Transfer Out of the Fund |
- |
0 |
(F) |
|
Estimated Ending Fund Balance |
= |
500,000 |
(D-E-F=G) |
|
Effect on Fund Balance (Est Revenues + Transfers In Less Est Exp + Transfers Out) |
|
(500,000) |
((B+C)-(E+F)=H) |
Assuming 1 penny generates $50,000 $500,000/$50,000 = $0.10
Assuming $1 million dollars is the optimal fund balance
desired, divide the effect on fund balance by the
value of the penny. This determines the tax increase needed.
