The City of Germantown is diligent in maintaining adequate funding levels to support existing services and anticipated service requirements. Some of the City’s Special Revenue Funds and Enterprise Funds are dependent upon funds received from the City’s General Fund. This objective reduces the dependency of taxpayer dollars from the General Fund to support Special and Enterprise Funds. Over time, the General Fund will reduce funding to the Special Revenue Funds making these funds self-sufficient except for capital needs; however, the Enterprise Funds should be self-sufficient including capital needs. Both of these funds must generate revenues that exceed expenditures.
General Fund transfers to Special Revenue Funds
Percent of total Special Revenue Fund revenues transferred from the General Fund. The objective is to reduce the dependency of taxpayer dollars from the General Fund to support Special Revenue Funds including Recreation, State Street Aid, Drug Asset Forfeiture, Federal Asset Forfeiture, Pickering, Ambulance and Farm Park.
Fiscal year 2018 reflects a 33.64% transfer from the General Fund to the Special Revenue Funds to help support operations. This means that for the total revenues received for the activities, 33.64% came from the General Fund. The transfers to the Special Revenue funds has decreased significantly over the past few fiscal years. When comparing FY18 to FY15, there is a 49% decrease between those years. This decrease means that more money can be saved and used to fund General Fund needs such as police and fire equipment, school needs and other operational cost. By getting this number to decrease, it could help with savings for the City of Germantown as a whole. At this time, the Special Revenue Funds that are receiving transfer funds from the General Fund are State Street Aid, Ambulance, and Farm Park.
ImpactThe City has a high ability to impact this measure.
General Fund transfers to Enterprise Funds
Percent of total Enterprise Fund revenues received from the General Fund. The objective is to reduce the dependency of taxpayer dollars from the General Fund to support Enterprise Funds such as Germantown Athletic Club, Great Hall, Sanitation, and Stormwater.
Fiscal year 2018 reflects a .79% transfer from the General Fund to the Enterprise Funds to help support operations. This means that for the total revenues generated for each of those activities, only .79% came from the General Fund. Over the past few fiscal years, this number has seen some great improvements. When comparing FY18 to FY15, this is a 62% decrease. This means that the amount of money that is saved from transfers to Enterprise Funds can be used to assist in operational cost and capital projects such as police and fire equipment, school needs, and other departmental cost that are covered under the General Fund. The Utility Fund is not included in this equations because by law, the General Fund is prohibited from transferring monies to this fund. As of now, the only Enterprise Fund that is receiving a Transfer from the General Fund is the Great Hall & Conference Center; however, the Great Hall has made continuous strides to decrease the amount of transfer receive. The transfer from the General Fund to Great Hall & Conference Center decreased by a significant amount of 164%.