SPCRIMD FY2025 Audited Financials

 

  M&O M&O Reserve
  FY2025 Actual FY2025
M&O REVENUE Budget FY2025 Actual
Carry Over $1,722.57 $23,582.20 $72,888.22
Tax Levy $24,975.63 $24,969.16  
Other Revenue $200.00 $969.63 $4,822.78
(To) From Chip/Fog Seal Reserves  $84,951.80 ($10,000.00) $10,000.00
TOTAL M&O REVENUE $111,850.00 $39,520.99 $87,711.00
M&O EXPENSES      
Contingency Reserve $2,000.00    
Insurance Expense $1,350.00 $1,280.00  
Legal Expense $0.00 $0.00  
RIMD Administration $500.00 $0.00  
Snow Plowing $5,000.00 $800.00  
Road Maintenance & Repair $103,000.00 $33,948.00  
Landscape $0.00    
TOTAL M&O EXPENSES $111,850.00 $36,028.00  
Ending Cash Balance $0.00 $3,492.99 $87,711.00

 

- Carryover to 2025 is greater than forecast because a planned transfer of $22K to the chipseal reserve account for 2024 did not occur until 2025.

- The forecast 85K transfer from the chipseal account ended up being a $10K transfer to the chipseal reserve account partly because of the transfer discussed in the item above, and partly because the amount spent on road re-surfacing was much less than The Board allowed for in the budget process, so netting the movements out, we added money to the reserve account for FY2025.

        

 

 

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