2019 Financial Statements & 2019 Annual Financial Report

Attached are the 2019 Audited Financial Statements and the 2019 Annual Financial Report.

2019 Financial Summary

General Fund - Actual vs Budget

Revenue   Actual     $6,323,924   vs Budget  $6,412,196  = Deficit $ 88,272

Expenses Actual     $5,880,203 vs Budget   $6,305,917 = Surplus $425,714 

Budget Total Surplus = $337,442       

Fund Balance

Nonspendable (Prepaid Expenses)                                            $    188,500
Restricted (Open Space)                                                               $  3,157,792
Assigned (Used for 2020 Budget)                                              $   200,000
Unassigned                                                                                       $    885,568

Total Fund Balance                                                                         $   4,431,860

2019 ended with Unassigned (Free Fund Balance) of $1,085,568. We applied $200,000 of that fund balance to mitigate taxes for the 2020 budget.