04- Fund Balance AnalysisCITY OF GOLDEN VALLEY
HRA HOUSING FUND
FUND BALANCE ANALYSIS
Fund Balance @ 01/01/23 $11,549
Estimated Revenue - 2023 $241,400
Estimated Expenses - 2023 193,225
Excess of Revenue Over (Under) Expenses 48,175
Estimated Fund Balance @ 12/31/23 $59,724
ADOPTED Revenue - 2024 284,880
ADOPTED Expenses - 2024 284,880
Excess of Revenue Over (Under) Expenses 0
Projected Fund Balance @ 12/31 /24 $59,724
Concept Revenue - 2025 345,175
Concept Expenses - 2025 345,175
Excess of Revenue Over (Under) Expenses 0
Projected Fund Balance @ 12/31/25 $59,724
* Working Capital is defined as current assets minus current liabilities.
Fiscal Disparities will lower the revenue in 2022 through 2024.