Table 8
PROJECTED VALUE OF OPERATING RESERVE AT YEAR-END
|
|
1999-2000 Budget Forecast (@ Feb 29, 2000) |
2000-2001 Budget |
|
Beginning Operating Reserve Balance |
497,552 |
-911,914 |
|
Surplus / (Deficit) -- from Table 7 |
-1,409,466 |
2,971,403 |
|
Closing Operating Reserve |
-911,914 |
2,059,489 |
|
|
|
|
|
Operating Reserve Target |
2,500,000 |
2,500,000 |