Finance and Treasurer’s Report 

Following are the financial reports for eleven months of FY2022. Some highlights include: 

General Fund 

• The YTD gain in Operating Net Income was $561,986 which is up almost $130k compared to last year’s YTD gain. Additionally, we are up $435,658 in YTD Net Income compared to the annual Budgeted Net Income. 
• Revenue is $220,275 above the annual budget and Expenditures are $215,383 below annual budget. 
• Administration revenues exceeded annual budget by $287,531. All other departments are generally in line with their expected annual budget. Notable is the State Income Tax revenue that is almost $190k over the annual budget. 

Change in Cash 

• Overall cash increased by $348,516 driven primarily by an increase in the General Fund and Capital Fund activity. 
• The General Fund increase is a reflection of State/Local Tax and Property tax disbursements
• The Capital Fund received $150,100 in grant revenue. 
• Total cash remains very strong totaling $15,811,038 at month’s end. 

Miscellaneous 

• BS&A Go-Live for General Ledger, Accounts Payable and Cash Receipt Modules was 12/5/2022