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<br /> I
<br /> CITY OF ARDEN HILLS, MINNESOTA
<br /> COMBINED STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE I
<br /> BUDGET AND ACTUAL
<br /> GENERAL, SPECIAL REVENUE AND DEBT SERVICE FUND TYPES .
<br /> YEAR ENDED DECEMBER 3 I, 1997 I
<br /> General
<br /> Variance - I
<br /> Favorable
<br /> Budget Actual (Unfavorable)
<br /> REVENUE
<br /> Property taxes $ 1,776,250 $ 1,859,353 $ 83,103 I
<br /> Tax increments -
<br /> Licenses and pennits ] 86,250 384,876 198,626
<br /> Intergovernmental 32],842 318,723 (3,119) I
<br /> Charges for services 31,]50 39,028 7,878
<br /> Fines and forfeitures 28,200 28,994 794
<br /> Special assessments I
<br /> Interest on investments 11,000 18, ]55 7,155
<br /> Miscellaneous 77,820 78,551 731
<br /> TOTAL REVENUE 2,432,512 2,727,680 295, I 68 I
<br /> EXPENDITURES
<br /> Current I
<br /> General government 54 1,490 537,285 4,205
<br /> Public safety 942,767 950,019 (7,25_ I
<br /> Public works 4 ]2,035 374,404 37,63
<br /> Culture and recreation 259,645 249,674 9,97]
<br /> Miscellaneous -
<br /> Capital outlay 105,400 ]47,621 (42,221) I
<br /> TOTAL EXPENDITURES 2,261,337 2,259,003 2,334
<br /> EXCESS (DEF]C]ENCY) OF REVENUE I
<br /> OVER EXPENDITURES 17],175 468,677 297,502
<br /> OTHER FINANCING SOURCES (USES) I
<br /> Operating transfers in 21,500 (21,500)
<br /> Operating transfers out (192,550) (440,300) (247,750) I
<br /> TOTAL OTHER FINANCING SOURCES (USES) (171,050) (440,300) (269,250)
<br /> EXCESS (DEF]C]ENCY) OF REVENUE I
<br /> AND OrnER FINANCING SOURCES OVER
<br /> EXPENDITURES AND OTHER FINANCING USES $ 125 28,377 $ 28,252 I
<br /> FUND BALANCE, JANUARY I 540,866
<br /> FUND EQUITY TRANSFER IN
<br /> FUND BALANCE, DECEMBER 31 $ 569,243 I
<br /> . I
<br /> See Notes to Financial Statements.
<br /> -6- I
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