audited report

7/31/2019 Audited Report

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Program revenue includes activities that have the characteristics of exchange transactions, such ascommercial and residential inspections. General revenue includes activities that have thecharacteristics of non -exchange transactions, such as property taxes and investment earnings.Governmental activities are those expenses for the purpose of fire protection, emergencymedical services and operational activities of the District. The District's governmental activities arefunded primarily through general revenues. Total expenses exceeded revenues for the year endedDecember 31,2011 by $178,268. Tax revenues decreased $395,183 compared to the prior year,mainly due to a decrease in the tax rate for the debt service fund. Expenses increased $589,467compared to the prior year due to employee raises, premium increases for healthcare, and an increasein the pension contribution.

Fund Analysis

General Fund

General Fund revenues exceeded General Fund expenditures by $90,955. The increase in the generalbalance was primarily the result of the District's conservative approach to budgeting and monthlymonitoring of expenses.

Capital Projects Fund

Capital Projects Fund expenditures exceeded Capital Projects Fund revenues by $57,944. Thedecrease in the Capital Projects Fund balance was due to the District spending proceeds from bondsissued in prior years.

Debt Service Fund

Debt Service Fund expenditures exceeded Debt Service Fund revenues by $103,712. The decreasein the Debt Service Fund balance was primarily the result of the timing of tax receipts from St.Charles County and bond payments (principal and interest) to said bond holders.

Pension Revenue Fund

Pension Fund expenditures exceeded Pension Fund revenues by $5,152. The decrease wasattributable to the timing of tax receipts and payments to the pension plan.

Budget Analysis

The District adopts an annual budget for each of its governmental funds, pursuant to Missouri StateStatutes. Annually, as allowed by Missouri State Statutes, the District amends the budgets of eachfund to reflect approved changes in spending requirements and unforeseen events that occurredduring the most recent year.


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audited report

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