Year End Budget Slides 11-22-21General Fund Reserve
1
General Fund Reserve Q3 Q4
Pre-COVID Reserve $80.6 million $80.6 million
Use of Reserve in FY 2020 ($3.3 million)($3.3 million)
Additional Reserve in FY 2021 $7.8 million $14.1 million
Planned use of Reserve in FY
2022 ($5.4 million)($5.9 million)
Proposed FY 2022 Reserve $79.7 million $85.5 million
General Fund Reserve
2
General Fund Reserve Q3 Q4
Remaining FY 2022 Reserve $79.7 million $85.5 million
Renovation of donated Fire Boat ($0.4 million)
Set aside for Fire SCBAs
replacement ($0.5 million)
Addt’l security guards on Ocean
Drive ($0.3 million)
South Shore daycare buildout &
lease ($1.6 million)
Addt’l capital project funding ($3.5 million)
Proposed FY 2022 Reserve $79 7 million $79 2 million
Resort Tax Fund Reserve
3
Resort Tax Fund Reserve Q3 Q4
Pre-COVID Reserve $15.2 million $15.2 million
Use of Reserve in FY 2020 ($3.5 million)($3.5 million)
Additional Reserve in FY 2021 $15.3 million $22.5 million
Planned use of Reserve in FY 2022 ($5.4 million)($6.7 million)
Proposed FY 2022 Reserve $21.6 million $27.5 million