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Town Council 05-17-2022
Town-of-Mooresville
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Town Council 05-17-2022
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6/8/2022 1:35:36 PM
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6/8/2022 1:28:53 PM
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Town Council Minutes
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Fire trucks payoff 472,162.00 (103,930.00 CCD annual payment) <br />Dispatch Equip. payoff: 535,013.00 (91,725.00 LO1T annual payment) <br />Total: 11007,175.00 <br />Figures are estimates and will need exact payoff dates for totals with interest. <br />2022 General Fund Budget: 5,359,494.00 <br />Estimated cash reserves at the end of 2022: 4,705,373.00 <br />Operating balance percentage: 87.80% <br />Estimated cash reserve after payoffs: 3,698,198.00 <br />Operating balance percentage after payoffs: 69.00% <br />Transfer 10%'of General Fund to Rainy Day Fund: 535,949.00 <br />Current Rainy Day Fund balance: 328,633.00 <br />Total Rainy Day Fund with transfer: 864,582.00 <br />Estimated cash reserve after payoffs and transfer: 3,162,249.00 <br />Operating balance percentage after payoffs and transfer: 59.00% <br />
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