Regular Board Meeting - April 19, 2017

Financial Highlights

2012/2013 2013/2014 $1,012,084 $1,011,685

2014/2015 $827,093 $336,908

2015/2016 $678,830 $345,909

Income Wages Benefits

$317,502 $24,758

$325,769 $24,758

$38,660

$13,664

Fiscal Year

2012/2013 $107,077.93 $24,036.69 $59,243.16 $65,464.26 $76,041.14 $39,954.28 $115,455.19

2013/2014 $59,226.02 $22,376.69 $126,358.69 $58,470.52 $45,729.20 $23,303.11 $20,164.12

2014/2015 $81,886.70 $10,749.11 $105,768.12 $60,321.54 $65,270.01 $16,310.75 $24,961.32

2015/2016 $47,825.59 $3,665.27 $107,466.39 $60,777.55 $93,999.64 $1,598.90 $16,932.64

Fuel

Communications Administration

Operation

Vehicle R&M Training/Testing Capital Purchases

§ District investment in capital assets decreased by $78,194 or 9.11%. § The District’s net position decreased $230,825 or 32.33% from the previous fiscal year. § Total revenues decreased $165,510 or 19.48% over the previous fiscal year. § At the end of the current fiscal year, unrestricted net position for the Governmental activities was $(297,247).

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 financ ial 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 statement s themselves. 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. DRAFT 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.