04 - Fund Balance AnalysisCITY OF GOLDEN VALLEY
HRA HOUSING FUND
FUND BALANCE ANALYSIS
Fund Balance @ 01 /01 /22 $31,454
Estimated Revenue - 2022 $210,400
Estimated Expenses - 2022 230,305
Excess of Revenue Over (Under) Expenses (19,905)
Estimated Fund Balance @ 12/31/22 $11,549
ADOPTED Revenue - 2023 241,000
ADOPTED Expenses - 2023 241,000
Excess of Revenue Over (Under) Expenses 0
Projected Fund Balance @ 12/31/23 $11,549
Concept Revenue - 2024 250,100
Concept Expenses - 2024 239,855
Excess of Revenue Over (Under) Expenses 10,245
Projected Fund Balance @ 12/31/24 $21,794
* Working Capital is defined as current assets minus current liabilities.
Fiscal Disparities will lower the revenue in 2022 through 2024.