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6/21/2022 <br />4 <br />Communication with Those Charged with Governance <br />•Required Communications: <br />No difficulties encountered during the audit, no disagreements with  <br />management <br />No corrected misstatements identified during the audit <br />The Apache TIF district (Walmart) now has positive fund balance for  <br />the first time ($151,357 at 12/31/21) <br />7 <br />Financial Results <br />General Fund: <br />–Fund balance increased $478,796 during 2021 <br />8 <br />Favorable <br />Final (Unfavorable) <br />Budget Actual Variance <br />Revenues $7,401,000 $8,416,000 $1,015,000 <br />Expenditures 7,465,000 7,657,000 (192,000) <br />Revenues over (under) expenditures (64,000) 759,000 823,000 <br />Other financing sources (uses): <br />Transfers from other funds 265,000 275,000 10,000 <br />Transfers to other funds (187,000) (555,000) (368,000) <br />Total change in General Fund balance $14,000 $479,000 $465,000 <br />70