Annual Comprehensive Financial Report 2021

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Program Revenues Capital Net (Expense) Revenue and Changes in Net Position Primary Government Grants and Governmental Business-type Contributions Activities Activities Total $ - $( 1,931,114) $ - $( 1,931,114) - ( 7,381,097) - ( 7,381,097) - 583,366 - 583,366 2,485,606 239,867 - 239,867 - ( 5,053,338) - ( 5,053,338) - 893,989 - 893,989 - ( 2,259,864) - ( 2,259,864) 2,485,606 ( 14,908,191) - ( 14,908,191) 1,697,234 - 2,295,106 2,295,106 1,007,786 - 1,136,311 1,136,311 2,705,020 - 3,431,417 3,431,417 $ 5,190,626 ( 14,908,191) 3,431,417 ( 11,476,774) 8,571,758 - 8,571,758 6,343,642 - 6,343,642 728,690 - 728,690 317,525 - 317,525 11,185 - 11,185 52,373 12,498 64,871 45,403 - 45,403 ( 593,000) 593,000 - 15,477,576 605,498 16,083,074 569,385 4,036,915 4,606,300 31,744,627 5,029,195 36,773,822 $ 32,314,012 $ 9,066,110 $ 41,380,122 13
CITY OF RED OAK, TEXAS BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, <strong>2021</strong> Special Revenue Industrial Economic General Development Development Fund Corporation Corporation ASSETS Cash and cash equivalents $ 378,804 $ 380,301 $ 972,142 Investments 3,254,791 6,977,776 2,849,839 Accounts receivable (net) 1,024,751 479,928 273,027 Due from other funds - - 36,955 Prepaid Expenses - - - Inventory 21,565 - - Land held for resale - 4,099,594 6,351,826 Restricted assets: Cash 1,387,669 412,424 45,916 Investments 944,417 76,000 4,033,305 Total assets $ 7,011,997 $ 12,426,023 $ 14,563,010 LIABILITIES Accounts payable 1,134,579 454,760 121,350 Accrued liabilities 176,187 16,610 - Due to other funds 15,392 4,796,955 - Customer Deposits - - - Total liabilities 1,326,158 5,268,325 121,350 DEFERRED INFLOWS OF RESOURCES Unavailable revenue - Property taxes 140,816 500 - Unavailable revenue - Fines & fees 48,783 - - Total inflows of resources 189,599 500 - FUND BALANCES Nonspendable: Inventory 21,565 - - Restricted: Debt service - - - Culture and recreation - - - Industrial development - 7,157,198 - Economic development - - 14,441,660 Capital projects 256,527 - - Court security 34,519 - - Court technology 3,293 - - Other public safety 73,534 - - Committed: Capital projects - - - Assigned: Subsequent year's budget 1,144,757 - - Unassigned 3,962,045 - - Total fund balances 5,496,240 7,157,198 14,441,660 Total liabilities, deferred inflows and fund balances $ 7,011,997 $ 12,426,023 $ 14,563,010 The notes to the financial statements are an integral part of these financial statements. 14
Page 1: City of Red Oak, Texas Annual Compr
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