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First Quarter Financial Report <br />April 18, 2024 <br /> <br />Page 2 of 2 <br /> <br />Enterprise Fund <br />The Enterprise Funds includes the following: Water, Sewer, Recycling, Golf Course, Cable, <br />Stormwater. It is projected that each fund will end the year with a net profit. Currently, Water <br />Fund is at 23.3% of budget, Sewer is at 30.6% of budget, Recycling is at 22.8%, Golf Course is <br />at 17.6% of budget, Cable Fund is at 15.2% of budget, and Stormwater is at 20.8% of budget. <br />Enterprise Funds are financed and operated from the fees and charges designed to cover its cost, <br />which includes potential years of net loss or any future improvements needed to maintain and <br />sustain the systems. <br /> <br />Summary <br />In summary, both the revenue and expenditures of the General Fund is in good conditions and a <br />positive net income is anticipated. <br /> <br />150