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A summary of the 2015 operations is as follows:
<br />• Total expenditures had a positive budget variance of $33,920. Total general government, public safety and public works
<br />expenditures were under budget by a total of $23,290, $12,473 and $7,700, respectively.
<br />• The City also transferred $498,000 from the General fund to other funds, which was $242,000 more than budget. City
<br />Council approved a transfer of $242,000 which was authorized to fund expenditures associated with the Centerville Road
<br />Reconstruction Project.
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<br />Original
<br />Final
<br />Budgeted
<br />Budgeted
<br />Actual
<br />Variance with
<br />Amounts
<br />Amounts
<br />Amounts
<br />Final Budget
<br />Revenues
<br />$ 2,244,424
<br />$ 2,244,424
<br />$ 2,302,556
<br />$ 58,132
<br />Expenditures
<br />1,988,424
<br />1,988,424
<br />1,954,504
<br />33,920
<br />Excess of revenues over expenditures
<br />256,000
<br />256,000
<br />348,052
<br />92,052
<br />Other financing uses
<br />Transfers out
<br />(256,000)
<br />(256,000)
<br />(498,000)
<br />(242,000)
<br />Net change in fund balances
<br />-
<br />-
<br />(149,948)
<br />(149,948)
<br />Fund balances, January 1
<br />1,319,013
<br />1,319,013
<br />1,319,013
<br />-
<br />Fund balances, December 31
<br />_$__1 319 013
<br />$ 1,319,013
<br />$ 1,169,065
<br />$ (149,948)
<br />• Total revenue had a positive budget variance of $58,132. All revenue categories had positive variances,
<br />except for fines
<br />and forfeitures and special assessments.
<br />• Total expenditures had a positive budget variance of $33,920. Total general government, public safety and public works
<br />expenditures were under budget by a total of $23,290, $12,473 and $7,700, respectively.
<br />• The City also transferred $498,000 from the General fund to other funds, which was $242,000 more than budget. City
<br />Council approved a transfer of $242,000 which was authorized to fund expenditures associated with the Centerville Road
<br />Reconstruction Project.
<br />-6-
<br />People
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