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_ _ __ _ _ _ <br />SPECIAL REVENUE FUNDS <br />SUMMARY <br />Description <br />The City o£Arden Hills currently main�ains eight active Special Re�enue Funds. A <br />special revenue fu�nd is used to acco�nt for revenue sources ihat are legally resiricted for <br />a specific purpose. The znodifed accrual basis of accounting issued for speciai reven�e <br />funds. That is, expend'ztures are recorded at the time liabilities are ir�curred az�d revenues <br />are recorded when recei�ed. However, compensated absences a.re expens�d whet� paid <br />for budgetary puFposes. �pec'ral revenue funds budgets are not always balanc�d, meaning <br />budgeted revenues rnay be greater or less than budgeted e�cpenditures. In th�se <br />circumstances reserves will shovv ar� increase or decrease in th� fiind's fund balance�. <br />Buc��et Issues <br />See individual fund's %r budget issues, because each iund wiii have its own unique <br />budget issues. Due to changes in GASB standards, the Communzty Service Fund has <br />been folded into the Pubiic Sa�ety Capital Pund as its reven�e source (Chari�able <br />Gambling Proceeds) can only be used far Public Safety Capital as restricied by State <br />Statute. <br />Budget Summary <br />Re�enues By Cassification <br />Toral Re�enues $835,SS1 <br />Interest on <br />Ylnvestmen#s <br />� 4% <br />Miscellaneaus <br />1040 <br />Transfers 1n <br />From Oti�er <br />Funds <br />840 <br />Expend�fiures By Classification <br />Total Expenditures $621,347 <br />Capi#al Outlay <br />15% <br />•sanal <br />vices <br />.2% <br />Materials and <br />5upplies <br />a� <br />:es <br />:� <br />and Charges <br />27% <br />