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General Fund Budgetary Highlights
<br />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 />
<br />the other cities involved.
<br />
<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 />
<br />Capital Asset and Debt Administration
<br />
<br />Capital assets
<br />-type activities as of December 31, 2012,
<br />amounts to $22,778,674 (net of accumulated depreciation). This investment in capital assets includes land, structures, improvements,
<br />machinery and equipment, park facilities, roads, highways and bridges.
<br />
<br />Major capital asset events during the current fiscal year included the following:
<br />
<br />The trail extension project was completed
<br />The storm water treatment and irrigation at LaMotte Park was completed
<br />Land purchase at 7261 Main Street
<br />
<br /> 3B start on page 61 of this report.
<br />
<br />Capital Assets
<br />(
<br />net of depreciation)
<br />
<br />Governmental ActivitiesBusiness-type Activities
<br />IncreaseIncrease
<br />20122011(Decrease)20122011(Decrease)
<br />Land$ 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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