2018 Financial Statements & 2018 Annual Financial Report

Attached are the 2018 Audited Financial Statements and the 2018 Annual Financial Report

2018 Financial Summary

General Fund - Actual vs Budget

Revenue   Actual     $6,327,888   vs Budget  $6,066,457  = Surplus $261,429

Expenses Actual     $5,770,029 vs Budget   $6,051,697 = Surplus $281,668 

Budget Total Surplus = $543,097       

Fund Balance

Nonspendable (Prepaid Expenses)                                            $    256,081
Restricted (Open Space)                                                               $ 2,782,030
Assigned (Used for 2019 Budget)                                              $     342,619
Unassigned                                                                                       $    679,909

Total Fund Balance                                                                         $4,060,639

2018 ended with Unassigned (Free Fund Balance) of $1,122,528. We applied $342,619 of that fund balance to mitigate taxes for the 2019 budget.