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6/21/2022 <br />5 <br />Financial Results <br />•An allocation of the $3,876,786 General Fund balance as of December 31,  <br />2021 is as follows: <br />9 <br />Nonspendable - prepaid items/inventory $146,580 <br />Unassigned 3,730,206 <br />Total fund balance $3,876,786 <br />Financial Results <br />•The fund balance available as of December 31, 2021 is sufficient to meet  <br />the City’s policy for minimum unassigned fund balances as follows: <br />10 <br />2022 expenditure budget $8,013,767 <br />Less: <br />Police services to other cities (802,283) <br />Financial services to MWMO (110,789) <br />Net 2022 budget 7,100,695 <br />Minimum balance (35-50%)35% <br />City minimum working capital fund balance $2,485,243 <br />Net unassigned amount available at 12/31/21 $3,730,206 <br />Actual percent of net budget 53% <br />71