FY 2017 - 2018 Audit

Individual Major Business Type Fund Analysis

The City's business type funds showed a combined cash basis fund balance of $14,128,599 at June 30, 2018 which was $755,176 more than last year. A summary of the changes is as follows:

Cash Balances June 30, 2018

Cash Balances June 30, 2017

Increase (Decrease)

Sanitary sewer ........................................................... Solid waste ................................................................ Landfill ....................................................................... Enterprise capital projects ....................................... .. Nonmajor proprietary funds .......................................

$ 4,197,320 2,143,208 7,060,540 19,338 708,193

$ 4,536,579 1,596,319 6,925,449 (368,506) 683,582

$ (339,259) 546,889 135,091 387,844 24,611

Total

$14128599

$13373.423

755, :lZ6

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Budgetary Highlights

The City amended the budget on May 21,2018. The amendment was to budget for changes related to realigning the chart of accounts to follow the State chart of accounts.

The City's receipts were $114,179 more than budgeted receipts.

The City's total disbursements were $2,932,292 under the budgeted amounts.

Debt Administration

At June 30, 2018, the City had $14,305,387 of debt outstanding, compared to $12,108,429 last year as shown below:

June 30, 2018 June 30, 2017

$ 3,514,387 352,000 10.439,000

$ 1,612,293 413,000 10,083,136

General obligation bonds and notes ....................................................... Other long-term debt .............................................................................. Revenue bonds and notes ......................................................................

$12108429

$14,305387

Total all debt

9