Citizen's Guide to Finances: Financial Position

Financial Position

Expenditure to Revenue

Comparison

2012 - 2019

Governmental Funds

Fund Balance

2012 - 2019

Fund Balance

Components

2012 - 2019

Financial Position FY 2017-18 FY 2018-19 % Change
Total governmental revenues
$ 7,800,781
$ 7,975,327
2.2%
Total governmental expenditures
8,028,105
7,892,004
- 1.7%
Surplus (shortfall)
$ (227,324)
$ 83,323
136.7%
Restricted funds
$ 530,156
$ 662,858
25.0%
Assigned funds
291,212
381,963
31.2%
Unassigned funds
1,063,989
923,963
- 13.2%
Total Fund Balance
$ 1,885,357
$ 1,968,784
4.4%

Prepared by MGT of America Consulting, LLC

Great Lakes Region

2343 Delta Road

Bay City MI, 48706