Financial Highlights

Governmental Funds

The focus of the City’s Governmental funds is to provide information on near-term inflows, outflows, and balances of spendable resources.

Governmental funds for the City on June 30, 2022 is $239 million 39.3% of this amount is available for spending at the City’s discretion.

General Fund Financial Trend Summary

The City expended $68.6 million towards public safety efforts. This represents 25.7% of governmental expenses.

Education continues to be one of the City’s highest priorities and commitments representing $65.4 million This represents 23.0% of governmental expenses.

The general fund is the chief operating fund of the City. As of June 30, 2022 the fund balance of the general fund was $135.5 million

$93.9 million represents the unassigned fund balance. The General Fund has increased from 2021. This increase is attributable to better than anticipated collections of real estate and other local taxes, such as sales tax and business license tax. The increases in tax revenues provided additional funding for education and public safety.