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Total
<br />Nonmajor
<br />Governmental
<br />Special Revenue Capital Project Funds
<br />Revenues
<br />Taxes
<br />General property taxes 100,000$ 120,000$ 220,000$
<br />Tax increments 273,043 – 273,043
<br />Intergovernmental 285,426 – 285,426
<br />Earnings on investments 52,628 11,372 64,000
<br />Franchise taxes 101,057 – 101,057
<br />Other – 270,163 270,163
<br />Total revenues 812,154 401,535 1,213,689
<br />Expenditures
<br />Current
<br />General government 273,824 – 273,824
<br />Economic development 415,839 – 415,839
<br />Capital outlay
<br />General government 13,222 94,643 107,865
<br />Public safety – 299,107 299,107
<br />Public works 38,999 52,595 91,594
<br />Total expenditures 741,884 446,345 1,188,229
<br />Revenues over (under) expenditures 70,270 (44,810) 25,460
<br />Other financing sources
<br />Sale of capital assets – 17,500 17,500
<br />Transfers in – 578,000 578,000
<br />Total other financing sources – 595,500 595,500
<br />Net change in fund balances 70,270 550,690 620,960
<br />Fund balances – beginning 1,654,941 88,553 1,743,494
<br />Fund balances – ending 1,725,211$ 639,243$ 2,364,454$
<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, 2020
<br />-54-
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