2010-11-10 CC Packet - Laserfiche WebLink

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paid back in 2010) is $7.875. Total long term debt outstanding (principal to be paid back 2O1i through 2V25)is $10.009 Fund Balance Fund Balance: The Uty of Centerville began fiscal year 2010 with a General Fund bs|onua of $1.281.325 and has since (1/1/18 1hmmQh 10/31/10) incurred an excess of expenditures over revenues of ($705,837�—leaving the City with a total General Fund balance of $525.408a1 the end ofOctober. Revenue / Expense Statement — General Fund Revenue Property Tax and State Grants: The City received roughly $802.673 in general levy dollars through the month of October. Ovem||, property tax generated revenue: is at 5296 of the year 0o date budget. Interest Earnings: The City has received $15.19Q|n interest revenue or51%o[ the year N date budget through the month nfOctober. Administration: Administration revenue consists nf mostly fees derived from the selling nf liquor licenses. The City has received $12,539 in Administration revenue or 42% of the year to date budget through the month ofOctober, Police Aid* The City received $52.261 in Police associated revenue through the month of October ur76%of the year tu date budget. Fire Aid: The City received B101.711 in Fire Aid revenue through the month of October or81%uf the year to date budget. Building Inspection: Building inspection revenues are comprised of the various pannMm associated with building projeots--p|umbimg bw||ding, nmoohanima|, and etc. The City has received roughly $34.G41 in Building inspection revenue or 41Y6of the year ho date budget. Ovena||, general fund revenues are coming in ut roughly 52% of the year to dm8m budget through October. Expenses General Government: General Government expenditures include salaries /benefits, supplies and purchased services in conjunction, with activities performed by the Mayor, four City Council Members and City Administration. General Government expenditures total roughly 420.734or77%of the year to date budget. Public Safety: The Qty of Centerville has o joint powers agreement with Circle Pines and Lexington that funds the Centennial Lakes Police Department. A similar arrangement With Lino Lakes and Circle Pines funds the Centennial Fire District. Public Safety expenditures totaled roughly $O12,456or85%of the year 0n date budget through October, Public Works: Public Works expenditures include salaries / benefits associated with the departments five full time employees. This classification also captures expenditures of supp and purchases momioma that are used to maintain the city parks and streets. Public Works expenditures totaled roughly $457.307co8296nfthe year 8m date budget through October. Culture and Recreation: The Culture and Recreation budget consists of expenditures incurred by the City's committee, recreation pnmgnzmn, and the city festival. Culture and Recreation expenditures totaled roughly $15'823orB2Y6ofthe year tn date budget. Other: This classification consists of items associated with development and the city's recycling program, Other expenditures totaled roughly *11.732 or 3596 of the year to date budget. Overall, General Fund expenditures totaled roughly $1,818,132 through October or82Y6 uf the year to date budget. Analysis Prepared By: lN(nhne|Jmzimrsk Finance Director