MANAGEMENT’S DISCUSSION AND ANALYSIS The Sample Improvement Zone provides this Management’s Discussion and Analysis of its financial statements. This narrative overview and analysis of the financial activities of the Sample Rural Improvement Zone is for the year ended June 30, 2017. We encourage readers to consider this information in conjunction with the Rural Improvement Zone’s financial statements, which follow. 2017 Financial Highlights Receipts of the Rural Improvement Zone’s governmental activities decreased 7.2%, or approximately $18,000, from fiscal year 2016 to fiscal year 2017. Tax increment financing increased approximately $82,000 and bond proceeds decreased $100,000. Disbursements of the Rural Improvement Zone’s governmental activities decreased 5.0%, or approximately $10,000, in fiscal year 2017 from fiscal year 2016. Dredging and debt service increased $30,000 and $25,000, respectively. Erosion control and land acquisition decreased $40,000 and $25,000, respectively. The Rural Improvement Zone’s total cash basis net position increased 42.2%, or approximately $39,000 from June 30, 2016 to June 30, 2017. USING THIS ANNUAL REPORT This discussion and analysis is intended to serve as an introduction to the financial statements. The annual report consists of the financial statements and other information, as follows: Management’s Discussion and Analysis introduces the financial statements and provides an analytical overview of the Rural Improvement Zone’s financial activities. The Entity-wide Financial Statement consists of a Cash Statement of Activities and Net Position. This statement provides information about the activities of the Rural Improvement Zone as a whole and presents and overall view of the Rural Improvement Zone’s finances. The Fund Financial Statement how governmental services were financed in the short term as well as what remains for future spending. The fund financial statement reports the Rural Improvement Zone’s operations in more detail than the entity-wide financial statement. Notes to Financial Statements provide additional information essential to a full understanding of the data provided in the financial statements. Information further explains and supports the financial statements with a comparison of the Rural Improvement Zone’s budget for the year.
MANAGEMENT’S DISCUSSION AND ANALYSIS The Sample Improvement Zone provides this Management’s Discussion and Analysis of its financial statements. This narrative overview and analysis of the financial activities of the Sample Rural Improvement Zone is for the year ended June 30, 2017. We encourage readers to consider this information in conjunction with the Rural Improvement Zone’s financial statements, which follow. 2017 Financial Highlights Receipts of the Rural Improvement Zone’s governmental activities decreased 7.2%, or approximately $18,000, from fiscal year 2016 to fiscal year 2017. Tax increment financing increased approximately $82,000 and bond proceeds decreased $100,000. Disbursements of the Rural Improvement Zone’s governmental activities decreased 5.0%, or approximately $10,000, in fiscal year 2017 from fiscal year 2016. Dredging and debt service increased $30,000 and $25,000, respectively. Erosion control and land acquisition decreased $40,000 and $25,000, respectively. The Rural Improvement Zone’s total cash basis net position increased 42.2%, or approximately $39,000 from June 30, 2016 to June 30, 2017. USING THIS ANNUAL REPORT This discussion and analysis is intended to serve as an introduction to the financial statements. The annual report consists of the financial statements and other information, as follows: Management’s Discussion and Analysis introduces the financial statements and provides an analytical overview of the Rural Improvement Zone’s financial activities. The Entity-wide Financial Statement consists of a Cash Statement of Activities and Net Position. This statement provides information about the activities of the Rural Improvement Zone as a whole and presents and overall view of the Rural Improvement Zone’s finances. The Fund Financial Statement how governmental services were financed in the short term as well as what remains for future spending. The fund financial statement reports the Rural Improvement Zone’s operations in more detail than the entity-wide financial statement. Notes to Financial Statements provide additional information essential to a full understanding of the data provided in the financial statements. Information further explains and supports the financial statements with a comparison of the Rural Improvement Zone’s budget for the year.
17RIZReport_1EB1DC20B176E.docx