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7/2/2024 <br />5 <br />Financial Results <br />•The fund balance available as of December 31, 2023 is sufficient to meet  <br />the City’s policy for minimum unassigned fund balances as follows: <br />9 <br />2024 expenditure budget $9,398,687 <br />Less: <br />Police services to other cities (983,765) <br />Financial services to MWMO (123,106) <br />Net 2024 budget 8,291,816 <br />Minimum balance (35-50%)35% <br />City minimum working capital fund balance $2,902,136 <br />Net unassigned amount available at 12/31/23 $4,460,649 <br />Actual percent of net budget 54% <br />Financial Results <br />Water  and Sewer Enterprise Fund: <br />–Water operations for the past five years are as follows: <br />10 <br />59