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06-12-23-R
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06-12-23-R
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6/9/2023 10:36:16 AM
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Variance With <br />Original Budget Final Budget Actual Amounts Final Budget <br />Revenues <br />Property taxes <br />General property taxes 100,000$ 100,000$ 100,000$ –$ <br />Earnings on investments (charges)2,850 2,850 (20,311) (23,161) <br />Other – – 3,500 3,500 <br />Total revenues 102,850 102,850 83,189 (19,661) <br />Expenditures <br />Economic development <br />Current <br />Personal services 53,780 53,880 55,108 (1,228) <br />Materials and supplies 400 400 – 400 <br />Other services and charges 32,990 32,990 23,473 9,517 <br />Total expenditures 87,170 87,270 78,581 8,689 <br />Net change in fund balances 15,680$ 15,580$ 4,608 (10,972)$ <br />Fund balance – beginning 657,906 <br />Fund balance – ending 662,514$ <br />CITY OF ARDEN HILLS <br />Special Revenue Fund – EDA Operating Fund <br />Schedule of Revenues, Expenditures, and Changes in Fund Balances <br />Year Ended December 31, 2022 <br />Budget and Actual <br />-63-
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