Citizen's Guide to Finances: Financial Position

Financial Position

Expenditure to Revenue

Comparison

2010 - 2018

Fund Balance

2010 - 2018

Fund Balance

Components

2010 - 2015

Financial Position FY 2016-17 FY 2017-18 % Change
Total governmental revenues
$ 8,699,494
$ 7,800,781
- 10.3%
Total governmental expenditures
8,430,461
8,028,105
- 4.8%
Surplus (shortfall)
$ 269,033
$ (227,324)
- 184.5%
Restricted funds
$ 561,029
$ 530,156
- 5.5%
Assigned funds
494,202
291,212
- 41.1%
Unassigned funds
1,057,450
1,063,989
0.6%
Total Fund Balance
$ 2,112,681
$ 1,885,357
- 10.8%

Prepared by MGT of America Consulting, LLC

Great Lakes Region

2343 Delta Road

Bay City MI, 48706