|
General Fund Budgetary Highlights
<br />The City's General fund budget was not amended during the year. Revenues had a positive budget variance and expenditures had
<br />positive budget variance, and overall the General fund had a net positive budget variance of $50,000.
<br />Some of the significant variances can be briefly summarized as follows:
<br />• Total revenue had a positive budget variance of $26,843.
<br />• Total expenditures had a positive budget variance of $60,687. Capital outlay had a positive budgetary variance of $75,627
<br />due to an expectation of purchasing capital outlay in 2011, which was actually purchased in late 2010.
<br />Capital Asset and Debt Administration
<br />Capital assets. The City's investment in capital assets for its governmental and business -type activities as of December 31, 2011,
<br />amounts to $31,614,633 (net of accumulated depreciation). This investment in capital assets includes land, structures, improvements,
<br />machinery and equipment, park facilities, roads, highways and bridges.
<br />Major capital asset events during the current fiscal year included the following:
<br />• Fire Hydrant Valve Replacement
<br />• Radio Read Devices and Upgrades
<br />Additional information on the City's capital assets can be found in Note 3C start on page 60 of this report.
<br />City of Centerville's Capital Assets
<br />(net of depreciation)
<br />-23-
<br />Governmental Activities
<br />Business -type Activities
<br />Increase
<br />Increase
<br />2011
<br />2010
<br />(Decrease)
<br />2011
<br />2010 (Decrease)
<br />Land
<br />$ 3,308,023
<br />$ 3,308,023
<br />$ -
<br />$ 196,255
<br />$ 196,255 $ -
<br />Buildings
<br />1,627,438
<br />1,627,438
<br />-
<br />414,000
<br />414,000 -
<br />Constructioninprogress
<br />1,391,196
<br />4,038,169
<br />(2,646,973)
<br />-
<br />- -
<br />Infrastructure
<br />14,434,520
<br />10,349,656
<br />4,084,864
<br />9,105,729
<br />9,105,729 -
<br />Machinery and equipment
<br />797,104
<br />797,104
<br />-
<br />340,368
<br />283,942 56,426
<br />Total
<br />$21,558,281
<br />$20,120,390
<br />$ 1
<br />$10,056,352
<br />$ 9 $ 56,426
<br />-23-
<br />
|