Report TO CITIZENS
FINANCIAL INFORMATION
The following graph indicates the service fees and expenses of
governmental activities which shows the extent in which the
governmental functions produce revenues to their program
costs. Expenses not covered by direct program revenues and
fees are covered primarily by taxes, licenses, and state and
Results from operations of governmental activities were
total expenses for governmental activities. Salaries increased
General Government
Public Safety
General Public Works And Beach
Sanitation and Waste Removal
Highways and Streets
Economic Development - Tourist
Recreation and Culture
25
20
15
10
5
2013 2014 2015 2016 2017
MILLIONS
General Fund Balance
What is Fund Balance?
liabilities for governmental funds and is a key measure
of financial health. The Town of Ocean City subdivides
fund balance into Restricted, Committed, Assigned, and
Unassigned portions. The restricted and committed
purposes and is available for emergencies. Think of the
unassigned as the savings account of the fund. It is the
5
Interest On Long Term Debt
Millions of Dollars
Revenues
Expenses
- 10 20 30 40