2022 Financial Statements & 2022 Annual Financial Report

2022 Financial Summary

General Fund - Actual vs Budget

Revenue   Actual     $7,521,914   vs Budget  $6,759,760  = Surplus $762,154

Expenses Actual     $6,326,474 vs Budget   $6,613,466 = Surplus $286,992 

Budget Total Surplus = $1,049,146       

Fund Balance

Nonspendable (Prepaid Expenses)                                            $   458,400
Restricted (Open Space)                                                               $ 4,294,140
Assigned (Used for 2023 Budget)                                             $     470,000
Unassigned                                                                                       $     974,531

Total Fund Balance                                                                         $   6,197,071

2022 ended with Unassigned (Free Fund Balance) of $1,444,531. We applied $470,000 of that fund balance to mitigate taxes for the 2023 budget.