What to do with unspent funds remains controversial. Should the year-end surplus be:
● Rolled over to the next FY, reducing the need for tax increases?
● Used to fund projects that failed to get funded in the previous FY?
● A bit of both?
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
FOR THE FISCAL YEAR ENDED JUNE 30, 2019 (Unaudited)
Source: Arlington Co page 42
|Excess of revenues and other financing sources over expenditures and transfers out||$46,220,591|