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<br /> <br />Other major governmental fund analysis is shown below: <br /> <br />Increase <br />2022 2021 (Decrease) <br />Municipal State Aid Street (1,507,050)$ (1,813,502)$ 306,452$ <br />Pavement Management Plan (1,117,246)$ (774,042)$ (343,204)$ <br />Project Construction 15,852,207$ 15,778,512$ 73,695$ <br />The Pavement Management Plan fund collects and allocates resources related to the repair and maintenance of roads <br />within the City. The decrease in fund balance is due to repair and maintenance costs exceeding levied property taxes. <br />The Project Construction Fund is used to collect and spend resources related to various construction projects within <br />the City. The increase is due to levied property tax revenues exceeding current year project costs. <br />Fund Balances <br />Major Fund <br />December 31, <br />The Municipal State Aid Street fund is used to collect and spend resources on the various projects related to state aid <br />streets and highways. The increase in fund balance is mainly due to a no expenditures in the current year. <br /> Proprietary Funds. The City’s proprietary funds provide the same type of information found in the government -wide <br />financial statements, but in more detail. Net position of the City’s major proprietary funds increased or (decreased) as <br />follows: <br /> <br />Ending Ending <br />Net Position Net Position Increase/ <br />2022 2021 (Decrease) <br />Water 6,055,984$ 4,996,693$ 1,059,291$ <br />The increase primarily is attributed to operating revenues exceeding expenses. <br />Sewer 15,755,967 15,605,668 150,299 <br />The increase primarily is attributed to operating revenues exceeding expenses. <br />Storm Water 4,556,859 4,319,310 237,549 <br />The increase primarily is attributed to operating revenues exceeding expenses. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />29 75