Citizen's Guide to Finances: Financial Position

Financial Position

Expenditure to Revenue

Comparison

2010 - 2015

Fund Balance

2010 - 2015

Fund Balance

Components

2010 - 2015

Financial Position 2014 2015 % Change
Total governmental revenues
$ 6,613,470
$ 7,235,419
9.4%
Total governmental expenditures
6,907,576
7,520,297
8.9%
Surplus (shortfall)
$ (294,106)
$ (284,878)
- 3.1%
Restricted funds
$ 590,399
$ 218,936
- 62.9%
Assigned funds
1,155,242
1,005,753
- 12.9%
Unassigned funds
373,010
609,084
63.3%
Total Fund Balance
$ 2,118,651
$ 1,833,773
- 13.4%

Prepared by MGT of America Consulting, LLC

Great Lakes Region

2343 Delta Road

Bay City MI, 48706

MGT of America Consulting, LLC