Unaudited financial statements as of January 31, 2018.

Summary by fund as of March 31, 2018

As of January 31, 2018, the General Fund is reporting a net surplus of $1,870,114. The
General Fund balance is $16,512,558 with a cash balance of $8,905,448. The attached
supplemental charts show the General Fund Revenues at 8.3% of budget and
expenses lower at 6.7%. Expenses are low because there were only 1.5 payrolls
charged in January, which balances out by the end of the year.