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7/10/2023
<br />5
<br />Financial Results
<br />•The fund balance available as of December 31, 2022 is sufficient to meet
<br />the City’s policy for minimum unassigned fund balances as follows:
<br />9
<br />2023 expenditure budget $8,774,588
<br />Less:
<br />Police services to other cities (860,310)
<br />Financial services to MWMO (121,868)
<br />Net 2023 budget 7,792,410
<br />Minimum balance (35-50%) 35%
<br />City minimum working capital fund balance $2,727,344
<br />Net unassigned amount available at 12/31/22 $3,840,170
<br />Actual percent of net budget 49%
<br />Financial Results
<br />Water and Sewer Enterprise Fund:
<br />–Water operations for the past five years are as follows:
<br />10
<br />$ -
<br />$100,000
<br />$200,000
<br />$300,000
<br />$400,000
<br />$500,000
<br />$600,000
<br />$700,000
<br />$800,000
<br />$900,000
<br />$1,000,000
<br />$1,100,000
<br />$1,200,000
<br />$1,300,000
<br />$1,400,000
<br />$1,500,000
<br />$1,600,000
<br />$ -
<br />$100,000
<br />$200,000
<br />$300,000
<br />$400,000
<br />$500,000
<br />$600,000
<br />$700,000
<br />$800,000
<br />$900,000
<br />$1,000,000
<br />$1,100,000
<br />$1,200,000
<br />$1,300,000
<br />$1,400,000
<br />$1,500,000
<br />$1,600,000
<br />$1,700,000
<br />2018 2019 2020 2021 2022
<br />Depreciation
<br />Other Operating Expenses
<br />Operating Revenue
<br />Water Operations Revenue and Expenses
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