ACFR - FY2021 FINAL 5-13-22 USE THIS ONE - Flipbook - Page 43
Other Non-Major Governmental Funds accounts include nine funds: Law Enforcement Trust and Education
Fund, Economic Development Fund, Library Contributions Trust Fund, Impact Fee Fund, and Greenwood
Cemetery Fund. In 2021 fund balance is decreased by $28,953, with expenditures greater than the prior year
by $76,652, resulting in a current balance of $1,218,551.
Proprietary Funds
The City’s proprietary fund provides the same information found in the government-wide financial statements
but in more detail. The City’s Water and Wastewater fund had a net position of $53,066,033 on September 30,
2021, increasing $2,235,485 from the prior year. This increase in net position results from an increase in
Charges for Services of $72,562. An increase related to Capital Grants and Contributions of $850,606 results
from the Sprayfield land sale of $1,061,664. An increase in miscellaneous revenues of $54,651 was offset by
a decrease in investment income decrease of $66,565. Additionally, one influencing factor was a decrease in
expenses of $668,181. The most significant portion of the net position is the net investment in capital assets,
$37,303,559. The restricted net position of $5,850,564 represents impact fees and repair and replacement
projects. At the end of the year, the unrestricted net position was $9,911,910, and funds are available to be
expended by legislative appropriation for functions authorized in the provisions of law that established the fund.
General Fund Budgetary Highlights
The adopted and final budgets are the same in the fiscal year 2021. The table below identifies the changes from the
original budget to the final budget.
Table 9: Budgetary Analysis
General Government
Original Budget
Final Budget
$
4,571,435
$ 4,571,435
8,905,184
8,905,184
Public Safety
Transportation
-
Change
$
-
-
-
Culture/Recreation
2,022,130
2,022,130
-
Non-Departmental
1,105,000
1,105,000
-
161,500
161,500
-
16,765,249
$ 16,765,249
Capital Outlay / Other
$
$
-
Actual
Expenditures
General Government
$
Public Safety
Final Budget
3,934,606
$ 4,571,435
7,886,359
8,905,184
Transportation
-
Viriance
$
(636,829)
(1,018,825)
-
-
Culture/Recreation
1,719,301
2,022,130
(302,829)
Non-Departmental
1,621,720
1,105,000
516,720
160,907
161,500
15,322,893
$ 16,765,249
Capital Outlay / Other
$
$
(593)
$ (1,442,356)
On-behalf payments are not budgeted and are offset by a corresponding increase in revenue. All funds reflect
expenditures less than budget. The overall decrease between the final budget and actual expenditures of
$1,442,356 reflects a reduction of the expenses due to Police and Fire pension funds rate slight decrease in
2021 and several position vacancies and difficulties in hiring in Public Safety departments; 2020-21 capital
projects carryovers, and various repair and maintenance in Public Works. Non-departmental expenditures
increased by $516,720 due to increased insurance and risk management costs.
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