2020 Financial Statements & 2020 Annual Financial Report

Attached are the 2020 Audited Financial Statements and the 2020 Annual Financial Report. 

2020 Financial Summary

General Fund - Actual vs Budget

Revenue   Actual     $6,355,875   vs Budget  $6,653,403  = Deficit $297,528

Expenses Actual     $5,971,336 vs Budget   $6,417,005 = Surplus $445,669 

Budget Total Surplus = $148,141       

Fund Balance

Nonspendable (Prepaid Expenses)                                            $    283,906
Restricted (Open Space)                                                               $3,534,346
Assigned (Used for 2021 Budget)                                              $    250,000
Unassigned                                                                                       $     688,147

Total Fund Balance                                                                         $   4,756,399

2020 ended with Unassigned (Free Fund Balance) of $938,147. We applied $250,000 of that fund balance to mitigate taxes for the 2021 budget.