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City of Centerville
<br /> March 20, 2013
<br /> Page 6
<br /> A summary of the 2012 operations is as follows:
<br /> Original Final
<br /> Budgeted Budgeted Actual Variance with
<br /> Amounts Amounts Amounts Final Budget
<br /> Revenues $ 2,059,800 $ 2,059,800 $ 2,272,288 $ 212,488
<br /> Expenditures 1,902,800 1,902,800 2,019,789 (116,989)
<br /> Excess of revenues over expenditures 157,000 157,000 252,499 95,499
<br /> Other financing uses
<br /> Transfers out (189,000) (189,000) (189,000) -
<br /> Net change in fund balances (32,000) (32,000) 63,499 95,499
<br /> Fund balances, January 1 1,142,321 1,142,321 1,142,321 -
<br /> Fund balances, December 31 $ 1,110,321 $ 1,110,321 $ 1,205,820 $ 95,499
<br /> • Total revenue had a positive budget variance of $212,488. Most of this increase is due to nonbusiness licenses and
<br /> permits and miscellaneous refunds and reimbursements. The variance in miscellaneous refunds and reimbursements is
<br /> due to monies received from other cities related to the salt brine agreement, in which the City paid for the costs and then
<br /> was reimbursed by the other cities involved
<br /> • Total expenditures had a negative budget variance of $116,989. Total public works expenditures were over budget by
<br /> $124,861. This was due to the costs associated with the salt brine agreement, which were reimbursed back to the City.
<br /> 952.835,9090 • Fax 952.835.3261
<br /> www.aemepas.com
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