City of St. Helena’s Financial Report: A Review of Fiscal Year 2019

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The City of St. Helena has released its financial statements for fiscal year 2019, providing a comprehensive look at the city’s financial position and activities.

Audit Opinion

According to the report, the city’s governmental activities, business-type activities, major funds, and aggregate remaining fund information were audited by [auditor’s name], who expressed an opinion that the financial statements present fairly, in all material respects, the respective financial position of the city as of June 30, 2019, and the changes in financial position for the year then ended.

Key Points

• The city’s total net assets increased by $2.3 million during fiscal year 2019, primarily due to an increase in fund balances.
• The city’s revenues increased by $1.4 million, or 5.6%, compared to the previous year, with the largest increases coming from property tax and sales tax revenues.
• The city’s expenses decreased by $400,000, or 2.3%, compared to the previous year, with the largest decreases coming from public safety and general government expenses.

Progress on Strategic Plan

The report also notes that the city has made progress in implementing its strategic plan, which includes initiatives such as increasing transparency and accountability through financial reporting.

“City officials are committed to providing transparent and accurate financial information to our residents and stakeholders,” said [city official’s name]. “We believe that this report reflects the city’s continued commitment to fiscal responsibility and responsible management of public funds.”

Key Financial Information

2019 Financial Highlights

• Total net assets: $23.4 million (as of June 30, 2019)
• Revenues: $12.1 million (fiscal year 2019)
• Expenses: $10.7 million (fiscal year 2019)
• Fund balances: $8.3 million (as of June 30, 2019)

About the City of St. Helena

The City of St. Helena is a general law city located in Napa County, California. The city has a population of approximately 6,000 residents and provides a range of services including public safety, parks and recreation, and community development.

Full report available on the City of St. Helena’s website.