Hereford

General Information


Population 15,216
Total Revenues $13,568,487
Total Expenditures $12,215,030
Total Pension Contributions $474,595
Pension Contribution To Revenue Ratio 3.5%  (217 of 329)
Funded Ratio 77.4%
Unrestricted Net Position $1,135,474
Current Assets $7,698,860
Current Liabilities $2,008,684

Financial Statements


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Surplus / (Deficit) General Fund Other Funds Total Gov. Funds
Surplus / (Deficit) $  (1,267,499) $  4,004 $  (1,263,495)
Revenues
Total Revenues $  7,632,699 $  50,302 $  7,683,001
Charges for services 3,134,863 0 3,134,863
Property Tax 1,703,321 0 1,703,321
Sales Taxes 1,454,544 0 1,454,544
Franchise taxes 1,081,674 0 1,081,674
Hotel and Motel Occupancy Tax 179,656 0 179,656
Donations and contributions 17,039 40,531 57,550
Miscellaneous 38,201 0 38,201
Grant Income 21,175 9,754 30,929
Interest income 2,246 17 2,263
Fund balances at end of year $  1,097,467 $  17,726 $  1,115,193
Long Term Debt 4,164,868 0 0
Expenditures
Parks, recreation and culture $  1,501,181 $  11,433 $  715,126,147
Total Expenditures 8,900,198 46,298 8,946,496
Airport 302,251 0 7,302,251
Public safety 2,745,111 0 2,745,111
Sanitation and Health 1,425,072 0 1,425,072
Streets and public works 1,281,545 0 1,281,545
General government 772,348 0 772,348
Capital Outlay 598,302 34,865 633,167
Principal payment 262,616 0 262,616
Interest Payments and Other Charges 11,772 0 11,772