The Fairfield Financial Report for August was in the red by over $341,000. The major losses on paper according to the balance sheet for the month include a line item for depreciation that toalled $212,746 while water filtration and distribution was a setback around $223,621. For the year, the city is off of by $352,584. In August, the city received $12,820 in gaming revenue and $140,915 in sales tax revenue. The current cashflow of the city is at $196,550. Year to date, the cashflow is down $847,765 from the start of the year. According to the balence sheet, the depreciation on the budget includes water expenses. waste water expenses, gas expenses, electric expenses, and all other general fund expenses. Another expense, highlighted by the sheet was a transfer of $800,000 from the general checking account to a open a CD.
