2017 Financial Statements & 2017 Annual Financial Report

Attached are the 2017 Audited Financial Statements and the 2017 Annual Financial Report. 

2017 Financial Summary

General Fund - Actual vs Budget

Revenue   Actual     $6,252,959   vs Budget  $5,953,466  = Surplus $299,493

Expenses Actual     $5,785,098 vs Budget   $5,902,291 = Surplus $117,193

Budget Total Surplus = $416,683       

Fund Balance

Nonspendable (Prepaid Expenses)                                            $      153,973
Restricted (Open Space)                                                               $ 2,539,925
Assigned (Used for 2018 Budget)                                              $     480,000
Unassigned                                                                                       $     456,382

Total Fund Balance                                                                         $  3,630,280

2017 ended with Unassigned (Free Fund Balance) of $936,382. We applied $480,000 of that fund balance to mitigate taxes for the 2018 budget.