Regular Fire Board Meeting - July 10, 2024

l The District’s net position increased by $59,396 or 17.04% from the previous fiscal year . l Total revenues increased $151,822 or 20.26% over the previous fiscal year. l At the end of the current fiscal year, unrestricted net position for the Governmental Activities was ($ 73,728).

Financial Comparison of the Last Four Years on the Cash Basis of Accounting:

Fiscal Year

2018/2019 $851,543 $324,488

2019/2020 $850,727 $356,877

2020/2021 $748,456 $348,491

2021/2022 $1,261,659 $ 366,957

Income

Wages

$ 41,182

$ 43,341

$ 43,035

$ 45,861

Benefits

Fuel

$ 41,703 $ 1,423 $ 93,991 $ 50,212 $ 41,704 $ 21,263

$ 46, 036

$ 34,869

$ 35,607

Communications Administration

$

351

$

53

$

1,244

$104,867 $ 54, 848 $ 43,280 $ 7, 620 $ 6,083

$ 74,310 $ 34,869 $ 50,858 $ 5,416

$ 48,718 $ 58,516 $ 95,174

Operation

Repairs & Maintenance

Training/Testing Capital Purchases

$ $

5,986

$

0

$

0

0

Overview of the Financial Statements

This discussion and analysis are intended to serve as an introduction to the District’s basic financial statements. The District’s basic financial statements comprise three components: 1) government-wide financial statements 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves.

The main purpose of these statements is to provide the reader with sufficient information to assess whether or not the District’s overall financial position has improved or deteriorated.

Government- Wide Financial Statements

The government-wide financial statements are designed to provide readers with a broad overview of the District’s finances, in a manner similar to private-sector business. The statement of net position presents information on all of the District’s assets and liabilities, with the difference between the two reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating. The statement of activities presents information showing how the District’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods.

Fund Financial Statements

A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The District, like other state and local governments, use fund accounting to ensure and demonstrate compliance with finance related legal requirements.

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