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LL �t�'.`'f FINANCE COMMITTEE <br />Loll sville COMMUNICATION <br />COLORADO • SINCE 1878 <br />SUBJECT: PRELIMINARY STATEMENTS OF REVENUE, EXPENDITURES, <br />AND CHANGES TO FUND BALANCES / WORKING CAPITAL <br />FOR THE QUARTER AND YEAR ENDED DECEMBER 31, 2021 <br />DATE: MARCH 21, 2022 <br />PRESENTED BY: KEVIN WATSON, FINANCE DIRECTOR <br />SUMMARY: <br />Attached are preliminary Statements of Revenue, Expenditures, and Changes to Fund <br />Balances (or Working Capital) for the fourth quarter and year ended December 31, 2021. <br />Since these are year-end statements, they are preliminary. Staff continues to work on <br />year-end accruals and adjustments in order to present our financial information for audit. <br />Preliminary statements are being presented now in order to give the Finance Committee <br />a general perspective of where the City ended the 2021 fiscal year. <br />Statements have been prepared for the City's major operating and capital funds, including <br />the: <br />• General Fund; <br />• Open Space & Parks Fund; <br />• Conservation Trust — Lottery Fund; <br />• Cemetery Fund: <br />• Historic Preservation Fund; <br />• Recreation Fund; <br />• Capital Projects Fund; <br />• Water Utility Fund; <br />• Wastewater Utility Fund; <br />• Stormwater Utility Fund; <br />• Solid Waste & Recycling Fund; and <br />• Golf Course Fund. <br />Enterprise Funds are presented using the City's budgetary basis. <br />The statements contain two years (2019 and 2020) of history. For 2021, the statements <br />contain: <br />• The original budget; <br />• The final budget, as amended throughout 2021; <br />• The last estimates used when developing the 2022 budget; and <br />• The preliminary actual year-to-date amounts through December 31. <br />FINANCE COMMITTEE COMMUNICATION <br />