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Total
<br />Nonmajor
<br />Governmental
<br />Special Revenue Capital Project Funds
<br />Revenues
<br />Taxes
<br />Tax increments 388,697$ –$ 388,697$
<br />Earnings on investments 52,393 2 52,395
<br />Franchise taxes 100,464 – 100,464
<br />Other – 34,048 34,048
<br />Total revenues 541,554 34,050 575,604
<br />Expenditures
<br />Current
<br />General government 137,060 – 137,060
<br />Economic development 300,052 – 300,052
<br />Capital outlay
<br />General government 85,177 30,747 115,924
<br />Public safety – 69,666 69,666
<br />Public works – 299,847 299,847
<br />Parks and recreation – 125 125
<br />Economic development 3,300 – 3,300
<br />Total expenditures 525,589 400,385 925,974
<br />Revenues over (under) expenditures 15,965 (366,335) (350,370)
<br />Other financing sources
<br />Sale of capital assets – 27,390 27,390
<br />Transfers in 120,000 400,000 520,000
<br />Total other financing sources 120,000 427,390 547,390
<br />Net change in fund balances 135,965 61,055 197,020
<br />Fund balances – beginning 1,518,976 27,498 1,546,474
<br />Fund balances – ending 1,654,941$ 88,553$ 1,743,494$
<br />CITY OF ARDEN HILLS
<br />Nonmajor Governmental Funds
<br />Combining Statement of Revenues, Expenditures, and Changes in Fund Balances
<br />Year Ended December 31, 2019
<br />-53-
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