Town of Yountville
Staff Report
6550 Yount Street
Yountville, CA 94599
Agenda Item #: 11A
Yountville Town Council Staff Report
DATE: February 3, 2026
TO: Mayor and Town Council
FROM: Celia King, Administrative Services Director; Kyle Batista, Financial Analyst PREPARED BY: Celia King, Administrative Services Director; Kyle Batista, Financial Analyst
RECOMMENDATION
Adopt Resolution Number 26-4399 receiving the Year End Financial Report for Fiscal Year 2024/2025 and approving budget adjustments assigning the available General Fund Unassigned Fund Balance in the Fiscal Year 2025/2026 Budget.
DISCUSSION/BACKGROUND
The Finance Department has recorded all transactions and activities for Fiscal Year (FY) 2024/2025 and staff presents this report as a Year End Financial Report annually. The following report is for review, analysis, and decision of the Town Council regarding potential allocation of the unassigned fund balance in the General Fund as of June 30, 2025. The annual audit has been completed, and no additional adjustment will occur. The Annual Comprehensive Financial Report (ACFR) was presented to the Town Council during the December 2, 2025, Town Council Meeting. This report is supported by the ACFR.
This report focuses on the details and status of the Town’s General Fund and provides year-end financial information on the Town’s other major funds; Capital Projects Fund, Water Utility Enterprise Funds & Wastewater Utility Enterprise Funds. The financial activity for these funds can be found at the end of this staff report.
The General Fund revenues received for FY 2024/2025 totaled $15,238,473 which was $319,200 more than the estimated budget. A brief overview of the major revenues and their performance is provided below. ▪ Transient Occupancy Tax (TOT) - The Town received a total of $8,446,782 in TOT. This is $338,818, or
3.9% less than the original budget of $8,785,600. The average occupancy rate for the year was 58.5%, down from the 62% occupancy rate in the prior FY. Average room rates were $706 which is exactly the same as the average in 2023/2024.
▪ Property Taxes – The budget for Property Tax revenue was $2,679,300. Actual revenue collections exceeded this budget amount by $201,207 or 7.5%. Property tax revenue includes excess Educational Revenue Augmentation Fund (ERAF). Napa County is one of three counties in the state for which ERAF (the property tax shift from counties, cities, and special districts to the schools) is “over funded,” according to state funding formulas. This results in a “refund” of the excess revenue back to the Town. The excess ERAF funds are subject to state approval and not included in the Town’s budget projections due to its variability.
Sales Tax – The original budget for sales tax revenue was $1,737,000. Sales tax revenue received by the Town exceeded this estimate by $54,165, or 3.1%.
Other Taxes - Other Taxes include cable franchise tax and real property transfer tax. Revenues received in FY 2024/2025 totaled $190,295. This was an 8.7% increase from the originally budgeted amount.
Property transfer tax revenue is transaction based. The number of real property sales and the amount of each sale determine the amount of the transfer tax assessed. ▪ Other Revenues – Revenues from Parks & Recreation Fees and Charges for Services were higher than anticipated, while Licenses & Permits, Fines & Forfeitures, and Rents & Concessions were less than the budgeted amounts. Investment Earnings revenue was higher than expected due to positive Local Agency Investment Fund (LAIF) investment rates.
FY 2024/2025 expenditures (before transfers) totaled $11,442,059 which was $2,128,050, or 15.7%, lower than the estimated budget. The graph shows more detail of what makes up these substantial savings. • Salaries & Benefits savings are due to turnover in the Planning Department, and transition in Public Works Municipal Operations due to a retirement.
• Fire & Emergency Contract Services expenditures reflect payment for the actual costs incurred for services rendered, and the budget is based on CalFire’s cost estimates. • Contract Services is where departments budget for studies and professional services and savings occur when a study or service costs less than anticipated. • Supplies & Services allow departments to purchase items necessary for daily operations and savings are generated when items are obtained at the lowest possible cost or are not needed.
FY 2024/2025 transfers out of General Fund totaled $3,598,678. The majority of this amount was for a transfer into Capital Projects Fund 50 to be used for the Yountville Commons Project. The remaining transfers out included other Council-approved items such as paying down the Town debt, growing the Towns’ reserve fund, and increasing the balances in the Town’s Facility Repair/Replacement and Fleet and Equipment Repair/Replacement funds.
Below are the effects of FY 2024/2025 revenue and expenditure activity on the General Fund Balance:
Beginning Balance on July 1, 2024 4,444,547
Plus revenues and transfers in 15,252,550
Less expenditures and transfers out 15,040,736
Ending Balance on June 30, 2025 $4,656,361
On June 30, 2025, the total General Fund Balance was $4,656,361. This amount is used to fulfill all the adopted fund balance allocations as outlined below, for the following FY (2025/2026):
Nonspendable (GASB 34, 87 & 96) 455,014
Committed for Insurance and Claims Retention 50,000
Assigned for Budget & Legal Contingencies 678,942
Assigned for Leave Buy Out 160,000
Assigned for Purchase Orders 200,000
Assigned for Workers Compensation 20,000
Total Allocations: $1,563,956
Applying the above adopted allocations leaves $3,092,405 as Unassigned Fund Balance. This amount includes the $1,127,948 of FY 2023/2024 Unassigned Fund Balance that Town Council intentionally left unallocated. In addition, it includes the results of FY 2024/2025 activity, with revenues being higher than expected and budgetary savings generated by lower than anticipated expenditures. Recommendations for re-allocation of this unassigned fund balance can be found at the end of this staff report.
Capital Projects Fund
Though the financial report that accompanies this staff report reflects project budgets and expenditures from all project funds, only Capital Projects Fund 50 is considered one of the Town’s major funds, therefore the following analysis will focus on this fund.
The nature of a capital project may cause projects to span multiple fiscal years. The FY 2024/2025 budget for Capital Projects Fund (50) expenditures and transfers was $3,729,234 which includes project related purchase orders that were carried forward from FY 2023/2024. Total expenditures were $1,884,899 and $659,109 in purchase orders for unfinished projects were rolled forward into FY 2025/2026. The overall budget savings was $1,844,336. These savings go back into the fund balance for Fund 50. At June 30, 2025, the Capital Projects Fund balance was $2,484,468.
Water Enterprise Funds
The Drought Reserve Fund (57) ended with a fund balance of $2,163,940 as of June 30, 2025.
Water Utility Capital Improvement Fund (60-4500) total revenue including interest and transfers in was $559,282.
Revenues generated from system replacement fees totaled $162,361 which exceeded budget by 3.7%. Interest income also surpassed budget expectations, bringing in an additional $17,421 of revenue into the fund. A total of $398,618 was spent out of this fund for water capital improvement projects. The net result of this revenue and expenditure activity was an increase to fund balance of $160,663. This fund ended with a positive total fund balance of $3,509,855. Of this amount $552,695 is considered working capital, or in other words, funds available to use for projects. Working capital is calculated by reducing the total fund balance by capital asset values, funds assigned for debt service, and reserve targets.
Fund 61, the aggregate of Water Operations and Distribution (61-4505) and Water Utility Purchases and Conservation (61-4507) ended with a positive fund balance of $1,073,456. Total revenues were $2,119,065 which is more than the budget estimate by 12%. Routine operating, maintenance, and water purchase expenditures along with a transfer out to the Water Capital Improvement Fund (60) totaled $1,778,532, which was $268,724 or about 13% under budget. The net result of this revenue and expenditure activity is that fund balance increased by $340,533 in Fund 61. Available balance from this operating fund is used as a funding source for Water Utility Capital Improvement Fund 60 in future budgets.
Wastewater Enterprise Funds
Fund 62, which accounts for the aggregate of Wastewater Collection Operations (62-4510) and Wastewater Treatment Operations (62-4515) revenues and expenditures, ended with a positive fund balance of $1,401,665.
Total revenues were $3,200,399 and exceeded budget by 15.9%. Total expenditures were $2,415,871 ending the year under budget by $482,060 or 16.6%. The net result of this revenue and expenditure activity is that fund balance increased by $784,527 in Fund 62.
The Wastewater Capital Recovery Fund (63-4518) experienced revenue collections in the amount of $808,610 and expenditures in the amount of $740,216. The net result of this revenue and expenditure activity was an increase to fund balance of $68,393. This fund ended with a positive working capital of $4,705,874. This amount is calculated by reducing the total fund balance by capital asset values, funds assigned for debt service repayment, and reserve targets.
The Wastewater Collection Capital Improvement Fund (64-4519) experienced revenue collections in the amount of $154,223 and expenditures in the amount of $137,181. The net result of this revenue and expenditure activity was an increase to fund balance of $17,042. This fund ended with a positive working capital of $670,621. This amount is calculated by reducing the total fund balance by capital asset values, funds assigned for debt service repayment, and reserve targets.
The 2022 Water and Wastewater Utility Rate Study was approved in November 2022, and the fourth of five utility rate increases was implemented on January 1, 2026. An 8.5% increase was applied to water rates, and a 5.9% increase was applied to wastewater rates. The next and final annual increase per the Five-Year Rate Scheduled will be implemented on January 1, 2027. Future utility rate increases will assist the water and wastewater funds in funding projects and operations, and meeting reserve targets.
The Town Council implemented a low-income subsidy program modeled after the Pacific Gas and Electric Care Program, to help mitigate the impact to low-income rate payers. This is a council approved exception to the aforementioned policy and is a maximum $12,000 subsidy from the General Fund to water and wastewater funds ($6,000 each). At June 30, 2025, twenty residents were enrolled in the program, and the total expense between the water and wastewater funds in FY 2024/2025 was $12,000.
General Fund Unassigned Fund Balance
Staff are providing suggestions for reallocation of the $3,092,405 Unassigned Fund Balance for Town Council discussion and direction. A resolution approving specific allocations is provided for consideration and includes the items below. This will result in budget adjustments for FY 2025/2026:
1. Transfer $3,050,000 into Capital Projects Fund 50 to increase funding available for CF-0046 Yountville Commons Project. This would increase the total FY 2025/2026 budget for this up to $3,984,161.
2. Leave the remaining $42,405 in General Fund Unassigned Fund Balance.
Staff seek approval of the suggested reallocation of General Fund Unassigned Fund Balance as outlined above, or direction as to how the Town Council would like to revise the suggested reallocations.
ENVIRONMENTAL REVIEW
Exempt per California Environmental Act (CEQA) Guideline, Section 15061(b)(3).
FISCAL IMPACT
Is there a Fiscal Impact? Yes
Is it Currently Budgeted? No
Where is it Budgeted? N/A
Is it Mandatory or Discretionary? Discretionary
Is there a Staff Resource Impact? Nominal
ATTACHMENTS
1. Resolution No 26-4399
TOWN OF YOUNTVILLE
YEAR END FINANCIAL REPORT
Fiscal year 2024/2025
General Fund Revenues
The following is a summary of General Fund revenue by major category as of June 30, 2025:
Revenues: Budget* Actual Variance % of Budget Note
Property Taxes 2,679,300 2,880,507 201,207 107.5% Note 1 Sales Taxes 1,737,000 1,791,165 54,165 103.1% Note 2
Other Taxes 175,000 190,295 15,295 108.7%
Transient Occupancy Tax 8,785,600 8,446,782 (338,818) 96.1% Note 3 Investment Earnings 55,000 247,295 192,295 449.6%
Licenses & Permits 159,775 154,645 (5,130) 96.8%
Fines & Forfeitures 4,250 2,132 (2,118) 50.2%
Rents & Concessions 363,216 317,734 (45,482) 87.5%
Intergovernmental 196,600 192,200 (4,400) 97.8%
Parks & Recreation Fees 377,995 505,942 127,947 133.8%
Charges for Services 182,100 232,315 50,215 127.6%
Impact Fees - - - 0.0%
Miscellaneous 203,437 276,778 73,341 136.1%
Other Sources - 685 685 0.0%
Total 14,919,273 15,238,473 319,200 102.1%
Transfers: Budget Actual Variance % of Budget Note
Tourist Imp. Dist. (Fund 22) 14,643 14,078 (565) 96.1%
Total 14,643 14,078 (565) 96.1%
Note 1: The Town usually receives its first large installment of property taxes in December or January and its second large installment in April or May.
Note 2: Sales tax receipts lag 2 ½ - 3 months behind the actual collection period.
Note 3: TOT is due one month after the collection period and received within 30 days after the collection period.
TOWN OF YOUNTVILLE
YEAR END FINANCIAL REPORT
Fiscal year 2024/2025
General Fund Expenditures
The following is a summary of General Fund Expenditures by major category as of June 30, 2025:
Expenditures Budget* Actual Variance % of Budget
Town Council/Mayor 1001 245,994 121,832 (124,162) 49.5% Non-Departmental 1010 253,000 194,130 (58,870) 76.7%
Town Manager 1101 475,985 439,798 (36,186) 92.4%
Information Technology 1011 - - - 0.0% Note 1
Community Promotion 1015 511,055 442,122 (68,933) 86.5% Finance 1102 999,444 802,609 (196,835) 80.3%
Risk Management 1103 80,850 65,158 (15,692) 80.6%
Town Attorney 1105 324,853 323,853 (1,000) 99.7%
Town Clerk 1110 826,575 605,275 (221,300) 73.2%
Planning & Building 2115 1,387,728 1,111,327 (276,400) 80.1% Law Enforcement Services 3200 1,375,052 1,374,552 (500) 100.0% Fire & Emergency Services 3201 1,473,976 941,074 (532,902) 63.8% Note 2 PW Admin. & Engineering 4301 914,978 798,424 (116,554) 87.3% PW Street Maintenance 4305 481,246 416,558 (64,688) 86.6% PW Park Maintenance 4320 1,050,691 838,388 (212,302) 79.8% PW Government Bldgs. 4325 910,339 857,671 (52,667) 94.2% Parks & Rec Admin & Services 5405 714,627 672,460 (42,167) 94.1% Parks & Rec Camp Programs 5406 327,298 324,498 (2,800) 99.1% Community Center 5408 383,472 382,270 (1,202) 99.7%
Parks & Rec Leisure Prog. 5410 349,852 293,226 (56,626) 83.8% Parks & Rec Sports Prog. 5412 59,446 56,164 (3,282) 94.5% Parks & Rec Community Events 5413 245,311 217,033 (28,278) 88.5% Yountville Arts 5415 178,338 163,634 (14,704) 91.8%
Total Expenditures 13,570,109 11,442,059 (2,128,050) 84.3% Transfers Out:
General Fund Reserve Fund 7907 350,000 350,000 - 100.0% Public Arts Fund 7923 25,000 25,000 - 100.0%
Capital Projects Fund 7950 2,125,000 2,125,000 - 100.0% Facility Replacement Fund 7981 50,000 50,000 - 100.0%
Fleet/Equip Replacement Fund 7982 100,000 100,000 - 100.0% Housing Opportunity Fund 7970 76,100 71,200 4,900 93.6% T.O.Y. Community Foundation 7985 - 10,478 (10,478) 0.0% Note 3 Water Subsidy 7961 6,000 6,000 - 100.0%
Wastewater Subsidy 7962 6,000 6,000 - 100.0%
2017 Lease Rev. Debt Service 7954 540,000 540,000 - 100.0% 2020 Lease Fin. Debt Service 7955 315,000 315,000 - 100.0% Total Transfers Out: 3,593,100 3,598,678 (5,578) 100.2% Note 1: Allocations of information technology are made to each department so no expenses are shown for program.
Note 2: Payments for Fire & Emergency Services are typically made bi-annually, in January and June.
Note 3: Transfer to TOYCF represents excess revenue collected from art sales. * Budget includes amounts for prior year purchase order rollover and reflects all Fiscal Year 2024/2025 budget adjustments.
TOWN OF YOUNTVILLE
MONTHLY FINANCIAL REPORT
Fiscal year 2024/2025
CAPITAL PROJECTS
Expenditures Budget * Actual Variance % of Budget
Community Center Enhancements CF-0022 258,000 68,990 189,010 26.7% Community Center/Hall HVAC Analysis CF-0033 33,000 33,000 - 100.0% Replace Community Center/Hall & Post Office Gutters CF-0035 28,700 28,700 - 100.0% Town Hall Landscaping and Access CF-0043 117,852 117,010 842 99.3% Replace Basketball Hoops at Community Gym CF-0045 50,000 - 50,000 0.0% Yountville Commons CF-0046 2,062,326 1,178,165 884,161 57.1% Community Center Gym Floor Maintenance Coating CF-0047 55,000 13,300 41,700 24.2% Town Gall Generator Annex CF-0048 20,000 - 20,000 0.0%
Town Facilities Backflow Maintenance and Repair Program CF-2025 35,000 29,186 5,814 83.4% Forrester Park/3 Weirs Park ADA Improvement CP-0018 14,450 13,450 1,000 93.1% Installation of EV Charging Stations and Fleet CP-0028 67,040 60,624 6,416 90.4% LATA Broadband Development Feasibility Study CP-0029 73,693 63,693 10,000 86.4% Replacement Dump Truck CP-0032 139,820 99,952 39,868 71.5% Energy Resiliency Plan CP-0033 120,000 - 120,000 0.0%
ADA Accessibility Improvements Program CP-2025 28,575 28,575 - 100.0% Town Wide Drainage and Erosion Program DF-2025 21,500 21,260 240 98.9% Hydroflush Weirs and Floodwall Operation Program DF-3025 60,000 58,506 1,494 97.5% Paving Projects - Plan, Specs, and Engineering GT-3025 96,196 86,184 10,013 89.6% Yville Commons (Measure S) MS-0046 337,677 258,105 79,572 76.4% Annual Street Maintenance & Paving Program MT-3025 1,680,656 583,561 1,097,094 34.7% Vineyard Park Enhancement Project PK-0032 150,000 - 150,000 0.0% Shade Structure North Park PK-0033 137,520 137,520 0 100.0% Replace Forrester Park Play Surface PK-0036 5,633 4,113 1,519 73.0% Replace Play Surface at Yountville Community Park PK-0037 3,691 3,691 - 100.0% Big Belly Receptacles PK-0038 4,174 4,174 - 100.0%
Veterans Park Bathroom Awning PK-0039 12,000 11,700 300 97.5% Curb, Gutter, and Sidewalk Replacement SB-6025 68,000 65,033 2,967 95.6% Surveys and Monuments ST-0004 19,500 19,414 86 99.6%
Washington Street South Parking Lot ST-0027 300,000 - 300,000 0.0% Utility Undergrounding Engineering & Design ST-0029 45,000 22,701 22,299 50.4% Replace Bucket Truck ST-0030 125,487 125,487 - 100.0%
Mobility Plan ST-0035 313,780 159,947 153,833 51.0%
Traffic Calming Program ST-4025 19,500 14,029 5,471 71.9% Total 6,503,770 3,310,073 3,193,697 50.9%
Expenditures - Water & Wastewater Budget * Actual Variance % of Budget Upgrade Well SCADA System WA-0018 5,737 5,737 - 100.0%
Water System Inter Tie Projects WA-0020 158,045 19,415 138,630 12.3% Replacement Utility Truck WA-0023 100,000 97,720 2,280 97.7% Municipal Well #1 VFD Rehab WA-0025 46,910 46,910 - 100.0% Active Chlorine Monitoring Equipment at Well WA-0026 25,000 3,715 21,285 14.9% Lateral Lead Testing and Assessment WA-0027 250,000 140,000 110,000 56.0% Chlorine Residual Monitoring PRV's Finnell and TH WA-0028 50,000 3,436 46,564 6.9% Water Meter Replacement Program WA-2025 33,500 5,531 27,969 16.5% Main and Service Lateral Replacement Program WA-3025 45,000 - 45,000 0.0% Hydrant & Main Flushing with No-Des WA-4025 60,000 59,673 328 99.5% Hydrant Repair Replacement WA-5025 35,000 11,542 23,458 33.0% SCADA Maintenance WA-6025 15,000 13,439 1,561 89.6%
WWRF Office Modernization WW-0011 1,960,000 4,765 1,955,235 0.2% Clean Digester WW-0019 142,250 - 142,250 0.0%
Design Headworks Improvements WW-0027 50,000 - 50,000 0.0% Sludge Handling/Drying/Disposal Improvements WW-0028 50,000 - 50,000 0.0% Water Reclamation Facility Master Plan WW-0034 400,000 - 400,000 0.0% Pond Site Fencing, Grading & Drainage Improvements WW-0038 94,000 36,880 57,120 39.2% Compliance Analyzers for SCADA System WW-0039 45,000 10,639 34,361 23.6% New Vactor Truck WW-0041 397,369 - 397,369 0.0%
Recycled Water Transmission Main Repair WW-0042 1,927,892 205,208 1,722,683 10.6% Flare System Installation WW-0043 184,050 184,050 - 100.0% Inflow & Infiltration Reduction Program WW-2025 146,541 17,065 129,476 11.6% Sewer Main Replacement and Repair Program WW-3025 97,500 - 97,500 0.0% Plant Equipment Replacement Program WW-4025 102,837 43,923 58,914 42.7% Town Pump Station Equipment Replacement Program WW-5025 90,000 20,808 69,192 23.1% SCADA Controls WW-6025 15,000 15,000 - 100.0%
SCADA Improvements WW-7025 45,000 9,419 35,581 20.9%
SCADA Control Maintenance Pump Station WW-8025 15,000 - 15,000 0.0% Total 6,586,630 954,875 5,631,756 14.5%
* Budget includes amounts for prior year purchase order rollover and reflects all Fiscal Year 2024/2025 budget adjustments.
TOWN OF YOUNTVILLE
YEAR END FINANCIAL REPORT
Fiscal year 2024/2025
WATER CAPITAL IMPROVEMENT FUND (60) Budget Actual Variance % of Budget Revenues - System Replacement Fees 156,600 162,361 5,761 103.7% Impact Fees - - - 0.0%
Interest Income 4,500 21,921 17,421 487.1%
Transfers from General Fund (01) 125,000 125,000 - 100.0% Transfers from Util Ent Proj Fund (06) 250,000 250,000 - 100.0% Transfers from Wtr Op Fund (61) - - - 0.0%
Total Revenues 536,100 559,282 23,182 104.3%
Capital Improvement (60-4500) 922,191 398,618 (523,573) 43.2% Total Expenses 922,191 398,618 (523,573) 43.2%
Net Operating Income/(Loss or use of Fund Balance) (386,091) 160,663 546,755 WATER OPERATING ENTERPRISE FUND (61) Budget Actual Variance % of Budget Revenues - Utilities 1,881,845 2,063,041 181,196 109.6% Interest Income 3,500 50,024 46,524 1429.3%
Transfer-Water Subsidy (01) 6,000 6,000 - 100.0%
Total Revenues 1,891,345 2,119,065 227,720 112.0%
O & M Expenses (61-4505) 856,650 569,313 (287,338) 66.5% Water Purchases (61-4507) 1,065,606 1,084,219 18,613 101.7% Transfer to Wtr Cap Improv (60-4500) 125,000 125,000 - 100.0% Total Expenses 2,047,256 1,778,532 (268,724) 86.9%
Net Operating Income/(Loss or use of Fund Balance) (155,911) 340,533 496,444 WASTEWATER OPERATING ENTERPRISE FUND (62) Budget Actual Variance % of Budget Revenues - Utilities 2,747,347 3,124,730 377,383 113.7% Interest Income 7,500 69,669 62,169 928.9%
Transfer-Wastewater Subsidy (01) 6,000 6,000 - 100.0%
Total Revenues 2,760,847 3,200,399 439,552 115.9%
-
WW Collection (62-4510) 534,339 411,928 (122,412) 77.1% WW Treatment (62-4515) 2,163,593 1,803,944 (359,649) 83.4% Transfer to Capital (63/64) 200,000 200,000 - 100.0%
Total Expenses 2,897,932 2,415,871 (482,060) 83.4%
Net Operating Income/(Loss or use of Fund Balance) (137,085) 784,527 921,612 JOINT TREATMENT CAPITAL FUND (63) Budget Actual Variance % of Budget Federal Grant 2,000,000 - (2,000,000) 0.0%
Miscellaneous Revenue 1,750,000 - (1,750,000) 0.0%
System Replacement Fees 253,800 258,530 4,730 101.9%
Revenues Capital Recovery Vets 282,500 266,594 (15,906) 94.4% Interest Income 20,000 208,486 188,486 1042.4%
Transfer from Wastewater Operating (62) 75,000 75,000 - 100.0% Total Revenues 4,381,300 808,610 (3,572,690) 18.5%
WW Joint Treatment Plant (63-4518) 5,450,690 740,216 (4,710,474) 13.6% Total Expenses 5,450,690 740,216 (4,710,474) 13.6%
Net Operating Income/(Loss or use of Fund Balance) (1,069,390) 68,393 1,137,783 WASTEWATER UTILITY CAPITAL FUND (64) Budget Actual Variance % of Budget Transfer from WW Operating (62) 125,000 125,000 - 100.0% Impact Fees - - - 0.0%
Interest Income 5,000 29,223 24,223 584.5%
Total Revenues 130,000 154,223 24,223 118.6%
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WW Capital Improvement (64-4519) 818,410 107,093 (711,317) 13.1% Transfer to Debt Service (55) 30,088 30,088 - 100.0%
Total Expenses 848,498 137,181 (711,317) 16.2%
Net Operating Income/(Loss or use of Fund Balance) (718,498) 17,042 735,540