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City of Centerville
<br />March 24, 2011
<br />Page 7
<br />A summary of the 2010operations is as follows:
<br />OriginalFinal
<br />BudgetedBudgetedActualVariance with
<br />AmountsAmountsAmountsFinal Budget
<br />Revenues$2,157,944$2,027,600$2,007,644$(19,956)
<br />Expenditures2,047,5942,184,4302,197,049(12,619)
<br />Deficiency of revenues under expenditures110,350(156,830)(189,405)(32,575)
<br />Other financing sources
<br />Transfers in--26,49026,490
<br />Transfers out(99,500)---
<br />Total other financing sources (uses)(99,500)-26,49026,490
<br />Net change in fund balances10,850(156,830)(162,915)(6,085)
<br />Fund balances, January 11,231,3261,231,3261,231,326-
<br />Fund balances, December 31$1,242,176$1,074,496$1,068,411$(6,085)
<br />Revenues were under budget by $19,956 for the year. Refunds and reimbursements had the largest budget variance,
<br />as this categorywas under budget by $20,561.
<br />Expenditures were over budget by $12,619 for the year. This was mainly due to total current expenditures being
<br />over budget by $10,801.
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