Fund Balance AnalysisFund Balance @ 01/01/20 $104,252
Estimated Revenue - 2020 $100
Estimated Expenses - 2020 1,426
Excess of Revenue Over (Under) Expenses (1,326)
Estimated Fund Balance @ 12/31/20 $102,926
Adopted Revenue - 2021 72,000
Adopted Expenses - 2021 162,000
Excess of Revenue Over (Under) Expenses (90,000)
Projected Fund Balance @ 12/31/21 $12,926
Concept Revenue - 2022 165,960
Concept Expenses - 2022 165,960
Excess of Revenue Over (Under) Expenses 0
Projected Fund Balance @ 12/31/22 $12,926
Working Capital is defined as current assets minus current liabilities.
CITY OF GOLDEN VALLEY
HRA HOUSING FUND
FUND BALANCE ANALYSIS *
116