Regular Fire Board Meeting - July 10, 2024

Condensed Statement of Net Position

Governmental Activities

2022

2023

Assets Current and other assets

$

2,408

$

4,518

Capital Assets, being depreciated, net

481,609 484,017

442,724 447,242

Total Assets

Liabilities

Current liabilities

76,136

199,199 11,406 210,605

Non-Current liabilities

0

Total liabilities

76,136

Net Position: Net Investment in Capital Assets

481,609 (73,728)

442,724

Unrestricted (Deficit)

(206,087 )

Total Net Position

$

407,881

$

236,637

The unrestricted net position of ($ 206,087) is not available to meet the District’s ongoing obligations to citizens and creditors.

Governmental Activities

Most of the revenues for the District were derived from assessed property taxes and Fire District Assistance Tax from the County. The majority of our budgeted revenue is from property taxes. Our budget for Property Taxes was $ 668,549 and we received $ 668,480.

Governmental Activities net position decreased by $171,244. Key elements of this decrease are reported on the following page.

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