Popular Annual Financial Report - 2017 For fiscal year ending June 30, 2017 | Page 13

D CHANGES IN FUND BALANCE
Unassigned is the least restrictive and can be used
for any purpose. Unassigned fund balance at the end
of FY 16-17 totaled $18.07 million, an amount equal
to 57 percent of expenditures. The Town’s policy is a
minimum of 30 percent. Total fund balance stood at
$29.95 million.
GENERAL FUND REVENUES
FY 16-17 FY 15-16 $17,834,515 $17,061,096 4.53%
Other taxes and licenses 6,236,202 5,826,797 7.03%
Intergovernmental
revenues 3,262,406 3,185,644 2.41%
Permits and fees 2,690,728 2,981,635 -9.76%
Sales and services 546,432 510,108 7.12%
Investment earnings 151,936 76,234 99.30%
Other revenues 370,697 234,534 58.06%
$31,092,916 $29,876,048 4.07%
Property taxes
TOTAL
%
Change
GENERAL FUND EXPENDITURES
FY 16-17 FY 15-16 General government $6,212,951 $6,780,440 -8.37%
Public safety 11,605,337 10,751,421 7.94%
Transportation 2,656,663 2,708,200 -1.90%
Environmental protection 1,888,478 1,853,286 1.90%
Cultural/recreational 6,045,834 2,795,777 116.25%
Debt service 3,435,669 2,792,645 23.03%
$31,844,932 $27,681,769 15.04%
TOTAL
%
Change
CATEGORIES OF FUND BALANCE
Nonspendable
$43,342
Restricted 4,364,506
Committed 5,767,055
Assigned 1,707,136
Unassigned
TOTAL
Restricted
(14.57%)
Committed
(19.26%)
Nonspendable
(.15%)
Unassigned
(60.32%)
18,065,140
$29,947,179
2017 POPUL AR ANNUAL FINANCIAL REPORT
Assigned
(5.70%)
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