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<br /> CITY OF ARDEN HILLS, MINNESOTA .
<br />COMBINED STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
<br /> BUDGET AND ACTUAL ..
<br />GENERAL AND SPECIAL REVENUE FUND TYPES
<br /> YEAR ENDED DECEMBER 31, 1998
<br /> General .
<br /> Variance -
<br /> Favorable .
<br /> Budget Actual (Unfavorable)
<br />REVENUE
<br />Property taxes $ 1,836,035 $ 1,854,986 $ 18,951 .
<br />Tax increments
<br />Licenses and permits 196,850 358,918 162,068
<br />Intergovernmental 325,490 345,896 20,406 .
<br />Charges for services 30,100 29,793 (307)
<br />Fines and forfeitures 26,000 32,096 6,096
<br />Special assessments .
<br />Interest on investments 20,000 17,956 (2,044)
<br />Miscellaneous 56,970 66,405 9,435
<br />TOTAL REVENUE 2,491,445 2,706,050 214,605 .
<br />EXPENDITURES
<br />Current .
<br />General government 532,600 609,636 (77,036)
<br />Public safety 960,675 964,759 (4,084)
<br />Public works 429,955 397,235 32,720 ..
<br />Culture and recreation 256,450 247,475 8,975
<br />Economic Development
<br />Miscellaneous .
<br />Capital outlay 175,500 182,621 (7,121)
<br />TOTAL EXPENDITURES 2,355,180 2,401,726 (46,546) .
<br />EXCESS (DEFICIENCY) OF REVENUE
<br />OVER EXPENDITURES 136,265 304,324 168,059 .
<br />OTHER FINANCING SOURCES (USES)
<br />Operating transfers in 49,000 (49,000) .
<br />Bond Proceeds
<br />Operating transfers out (182,550) (302,450) (119,900)
<br />TOTAL OTHER FINANCING SOURCES (USES) (133,550) (302,450) (168,900) .
<br />EXCESS (DEFICIENCY) OF REVENUE
<br />AND OTHER FINANCING SOURCES OVER .
<br />EXPENDITURES AND OTHER FINANCING USES $ 2,715 1,874 $ (841)
<br />FUND BALANCE, JANUARY 1 573,349 .
<br />FUND BALANCE, DECEMBER 31 $ 575,223
<br /> ..
<br />See Notes to Financial Statements,
<br /> -7- .
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