2023 Financial Statements & 2023 Annual Financial Report

2023 Financial Summary

General Fund - Actual vs Budget

Revenue   Actual     $7,944,261   vs Budget  $7,517,640  = Surplus $426,621

Expenses Actual     $7,406,498 vs Budget   $7,292,189 = Deficit $114,309 

Budget Total Surplus = $312,312       

Fund Balance

Nonspendable (Prepaid Expenses)                                            $   374,697
Restricted (Open Space)                                                               $ 4,705,812
Assigned (Used for 2023 Budget)                                             $     550,000
Unassigned                                                                                       $     785,199

Total Fund Balance                                                                         $   6,415,708

2023 ended with Unassigned (Free Fund Balance) of $1,335,199. We applied $550,000 of that fund balance to mitigate taxes for the 2024 budget.