2016 Financial Statements and 2016 Annual Financial Report

Attached are the 2016 Audited Financial Statements and the 2016 Annual Financial Report. 

2016 Financial Summary

General Fund - Actual vs Budget

Revenue   Actual     $5,713,013   vs Budget  $5,863,948  = Deficit ($150,935)

Expenses Actual     $5,499,575 vs Budget   $5,615,648 = Surplus $116,073

Budget Total Deficit = ($ 34,862)      

Fund Balance

Nonspendable (Prepaid Expenses)                                            $      196,173
Restricted (Open Space)                                                               $ 2,163,394
Assigned (Used for 2017 Budget)                                               $    480,000
Unassigned                                                                                       $    480,352

Total Fund Balance                                                                         $  3,319,919

2016 ended with Unassigned (Free Fund Balance) of $960,352. We applied $480,000 of that fund balance to mitigate taxes for the 2017 budget.