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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 /> negative budget variance, and overall the General fund had a net positive budget variance of $95,499.
<br /> Some of the significant variances can be briefly summarized as follows:
<br /> • Total revenue had a positive budget variance of $212,488. Most of this increase is due to nonbusiness licenses and permits
<br /> and miscellaneous refunds and reimbursements. The variance in miscellaneous refunds and reimbursements is due to monies
<br /> received from other cities related to the salt brine agreement, in which the City paid for the costs and then was reimbursed by
<br /> 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 /> 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, 2012,
<br /> amounts to $22,778,674 (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 /> • The trail extension project was completed
<br /> • The storm water treatment and irrigation at LaMotte Park was completed
<br /> • Land purchase at 7261 Main Street
<br /> Additional information on the City's capital assets can be found in Note 3B start on page 61 of this report.
<br /> City of Centerville's Capital Assets
<br /> (net of depreciation)
<br /> Governmental Activities Business -type Activities
<br /> Increase Increase
<br /> 2012 2011 (Decrease) 2012 2011 (Decrease)
<br /> Land $ 3,337,023 $ 3,308,023 $ 29,000 $ 196,255 $ 196,255 $ -
<br /> Construction in progress - 1,391,196 (1,391,196) - -
<br /> Buildings 934,982 972,272 (37,290) 373,290 381,570 (8,280)
<br /> Infrastructure 11,329,577 11,010,900 318,677 6,175,919 6,204,183 (28,264)
<br /> Machinery and equipment 304,415 330,154 (25,739) 127,213 131,738 (4,525)
<br /> Total $15,905,997 $17,012,545 $ (1,106,548) $ 6,872,677 $ 6,913,746 $ (41,069)
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