Marysville City Council
April 4, 2023

City of Marysville
Jim Schaad, City Manager
Jennifer Styczynski, Finance Director
Presentation of 2021-2022
Financial Statements
Audit Results
Purpose of audit is to attest to the fairness of the
presentation of the financial statements and results of operation as of June 30, 2022.
Audit opinion - clean
As of June 30, 2022 2
Statement of Net Position June 30, 2022
As of June 30, 2022 3
Governmental Business-type
Assets (in thousands) Activities Activities Total
Cash $ 8,602 $ 2,194 $ 10,796
Restricted Cash - 2,993 2,993
Other Assets 7,835 687 8,522
Net Pension Asset 6,858 460 7,318
Leases Receivable 1,047 - 914
Capital Assets 21,839 30,863 52,702
Total Assets $ 46,181 $ 37,197 $ 83,378
Statement of Net Position June 30, 2022
As of June 30, 2022 4
Governmental Business-type
Liabilites (in thousands) Activities Activities Total
Current Liabilites $ 2,571 $ 460 $ 3,031
Deferred Revenue 1,580 - 1,580
Long-Term Debt 23,369 17,610 40,979
Compensated Absence 397 5 402
Total Liabilities $ 27,917 $ 18,075 $ 45,992
Total Net Position $ 14,657 $ 19,437 $ 34,095
General
Fund
Revenue &
Expenses
for the year
ended
June 30,
2022
As of June 30, 2022
5 Revenue Percent
Sales Tax $ 2,878,345 20.7%
Measure C 3,989,687 28.6%
Property Tax 2,646,410 19.0%
Cannabis Tax 816,562 5.9%
Other Revenue 3,596,444 25.8%
Total Operating Revenue 13,927,448 100.0%
Grants 1,174,978
Total Revenue 15,102,426
Expeditures
Operating Expenses
Salaries & Benefits 6,422,361
Service & Supplies 3,953,780
Other 346,981
Total Expenses 10,723,122
Debt Service 2,808,285
Capital Expenditures 354,014
Total Expenditures 13,885,421
General Fund Balance
Fund Balance as of June 30, 2022: $8,953,182
Includes one-time revenue of $803,980 for sale of
Plumas Lake Golf Course in February 2021
Does not include $1,539,240 ARPA funds received
September 2021, recorded as deferred revenue
As of June 30, 2022 6
Proposed Fund Balance Uses
Street Repair/Reconstruction $3,500,000
City Facilities Repairs and Upgrades $1,000,000
MFD Radio Coverage & Station Imp. $800,000
Total $5,300,000
As of June 30, 2022 7
Questions?