Part Eight of a series on the
Columbia city budget
COLUMBIA, 9/10/10 (Beat Byte) -- Columbia City Hall's Total Fund Balance has nearly tripled, from $179 million in 2000 to $486 million in 2010. Between 2007 and 2008 alone, the city's Fund Balances jumped a staggering $187 million.
COLUMBIA, 9/10/10 (Beat Byte) -- Columbia City Hall's Total Fund Balance has nearly tripled, from $179 million in 2000 to $486 million in 2010. Between 2007 and 2008 alone, the city's Fund Balances jumped a staggering $187 million.
But for seven of those years, City Hall claims it has
lost money across several divisions, including the General
Fund.
The beating heart of its annual budget, Columbia's Total
Fund Balance -- the sum of 27 different funds devoted to various city divisions,
from parks to parking -- represents about half its Total Assets,
roughly $1.1 billion.
UP! TOTAL FUND BALANCE, 2000-2010
2000: $179,990,819
2001: $199,277,056 (up $20
million)
2002: $213,452,664 (up $14 million)
2003: $234,715,680 (up $21 million)
2004: $239,944,484 (up $5 million)
2005: $241,907,315 (up $2 million)
2002: $213,452,664 (up $14 million)
2003: $234,715,680 (up $21 million)
2004: $239,944,484 (up $5 million)
2005: $241,907,315 (up $2 million)
2006: $267,610,372 (up $26 million)
2007: $268,446,814 (up $1 million)
2008: $455,029,093 (up $187 million)
2007: $268,446,814 (up $1 million)
2008: $455,029,093 (up $187 million)
2009: $445,310,387 (down $10
million)
2010: $486,167,115 (up $41 million)
2010: $486,167,115 (up $41 million)
City Hall Profits and Losses, 2000-2010
2000: + $ 10,080,671 profit
2001: + $ 6,923,282
profit
2002: + $ 5,141,561
profit
2003: + $ 713,669
profit
2004: - $ 6,587,839
loss
2005 - $ 8,475,863
loss
2006 - $ 5,183,659
loss
2007: - $
932,762 loss
2008 - $ 9,001,164
loss
2009 - $ 14,590,204 loss
2009 - $ 14,590,204 loss
2010: - $ 12,521,068 loss
City of Columbia annual budget reports,
2000-2010
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