The following graph indicates the service
fees and expenses of governmental
activities, which shows the extent in
which the governmental functions produce
Expenses not covered by direct program
revenues and fees are covered primarily
by taxes, licenses, and state and countyshared
revenues.
Results from operations of governmental
in business-type activities of $6,333,000
general fund resulting in an increase in
General Government
Public Safety
General Public Works And Beach
Sanitation and Waste Removal
Highways and Streets
Economic Development - Tourism
Recreation and Culture
25
20
15
10
5
-
General Fund Balance
2018 2017 2016 2015 2014
Millions
Unassigned Assigned
FINANCIAL INFORMATION
What is Fund Balance?
and liabilities for governmental funds and is
a key measure of financial health. The Town
of Ocean City subdivides fund balance into
Restricted, Nonspendable, Committed, Assigned,
and Unassigned portions. The restricted and
committed portions represent set-asides for
existing obligations. The unassigned portion
represents set-asides for future purposes and is
available for emergencies. Think of the unassigned
as the savings account of the fund. It is the Town’s
5
- 10 20 30 40
Millions of Dollars
Interest On Long Term Debt
Revenues
Expenses
report tocitizens