APS – Scary Chart of the Day – Fund Reserve Balance

A picture is worth a thousand words. The Chart** below is the General Fund Balance from June 30, 2009 to the projected balance on June 30, 2014. Since FY09, on average, the balance has decreased by $23 million per year. The red line is the level at which point the cash flows of APS will become critical.

APS FY14 GF Balance 062613

Does anyone still think we are not nearing a fiscal cliff?

**Sources – CAFR, APS FY13 Fund Balance Projection and the FY14 Tentative Budget.

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