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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
<br />. The City’s investment in capital assets for its governmental and business-type activities as of December 31, 2011,
<br />amounts to $31,614,633 (net of accumulated depreciation). This investment in capital assets includes land, structures, improvements,
<br />machinery and equipment, park facilities, roads, highways and bridges.
<br />Major capital asset events during the current fiscal year included the following:
<br />Fire Hydrant Valve Replacement
<br />Radio Read Devices and Upgrades
<br />Additional information on the City’s capital assets can be found in Note 3C start on page 60 of this report.
<br />City of Centerville’s Capital Assets
<br />(
<br />net of depreciation)
<br />Governmental ActivitiesBusiness-type Activities
<br />IncreaseIncrease
<br />20112010(Decrease)20112010(Decrease)
<br />Land$ 3,308,023$3,308,023$ 196,255-$ $ 196,255$ -
<br />Buildings 1,627,438 1,627,438 414,000- 414,000 -
<br />Construction in progress 1,391,196 4,038,169 (2,646,973) - - -
<br />Infrastructure 14,434,520 10,349,656 4,084,864 9,105,729 9,105,729 -
<br />Machinery and equipment 797,104 797,104 340,368- 283,942 56,426
<br />Total$ 20,120,39021,558,281$ 1,437,891$ $ 9,999,92610,056,352$ $ 56,426
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