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CITY OF CENTERVILLE, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
<br />GOVERNMENTAL FUNDS
<br />FOR THE YEAR ENDED DECEMBER 31, 2015
<br />OTHER FINANCING SOURCES (USES)
<br />Sale of capital assets
<br />101
<br />300's
<br />402
<br />Transfers in
<br />-
<br />Debt
<br />-
<br />Refunding bonds issued
<br />General
<br />Service
<br />Park
<br />REVENUES
<br />-
<br />(1,770,000)
<br />-
<br />Taxes
<br />(498,000)
<br />-
<br />-
<br />General property
<br />$ 1,811,893
<br />$ 591,496
<br />$ -
<br />Gambling
<br />6,752
<br />-
<br />-
<br />Licenses and permits
<br />134,781
<br />-
<br />-
<br />Intergovernmental
<br />273,604
<br />48,249
<br />-
<br />Charges for services
<br />4,840
<br />-
<br />3,806
<br />Fines and forfeitures
<br />22,230
<br />-
<br />-
<br />Special assessments
<br />-
<br />251,852
<br />-
<br />Interest on investments
<br />13,279
<br />13,358
<br />520
<br />Miscellaneous
<br />35,177
<br />-
<br />-
<br />TOTAL REVENUES
<br />2,302,556
<br />904,955
<br />4,326
<br />EXPENDITURES
<br />Current
<br />General government
<br />433,610
<br />-
<br />-
<br />Public safety
<br />1,112,162
<br />-
<br />-
<br />Public works
<br />289,300
<br />-
<br />-
<br />Culture and recreation
<br />111,932
<br />-
<br />-
<br />Capital outlay
<br />Public works
<br />-
<br />-
<br />-
<br />Culture and recreation
<br />7,500
<br />-
<br />-
<br />Debt service
<br />Principal
<br />-
<br />695,000
<br />-
<br />Interest and other
<br />-
<br />304,844
<br />17,127
<br />TOTAL EXPENDITURES
<br />1,954,504
<br />999,844
<br />17,127
<br />EXCESS (DEFICIENCY) OF REVENUES
<br />OVER (UNDER) EXPENDITURES
<br />348,052
<br />(94,889)
<br />(12,801)
<br />OTHER FINANCING SOURCES (USES)
<br />Sale of capital assets
<br />-
<br />50,109
<br />-
<br />Transfers in
<br />-
<br />-
<br />-
<br />Refunding bonds issued
<br />-
<br />1,385,000
<br />-
<br />Principal paid on refunded bonds
<br />-
<br />(1,770,000)
<br />-
<br />Transfers out
<br />(498,000)
<br />-
<br />-
<br />TOTAL OTHER FINANCING SOURCES (USES)
<br />(498,000)
<br />(334,891)
<br />-
<br />NET CHANGE IN FUND BALANCES
<br />(149,948)
<br />(429,780)
<br />(12,801)
<br />FUND BALANCES, JANUARY 1
<br />1,319,013
<br />1,799,549
<br />(1,103,264)
<br />FUND BALANCES, DECEMBER 31
<br />$ 1,169,065
<br />$ 1,369,769
<br />$ (1,116,065)
<br />The notes to the financial statements are an integral part of this statement.
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