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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, 2016
<br />101
<br />300's
<br />402
<br />Debt
<br />General
<br />Service
<br />Park
<br />REVENUES
<br />Taxes
<br />General property
<br />$ 1,981,690
<br />$ 591,370
<br />$ -
<br />Gambling
<br />9,170
<br />-
<br />-
<br />Franschise
<br />-
<br />-
<br />-
<br />Licenses and permits
<br />216,569
<br />-
<br />-
<br />Intergovernmental
<br />295,570
<br />45,120
<br />-
<br />Charges for services
<br />12,459
<br />-
<br />-
<br />Fines and forfeitures
<br />24,042
<br />-
<br />-
<br />Special assessments
<br />786
<br />236,626
<br />-
<br />Interest on investments
<br />10,764
<br />8,930
<br />469
<br />Miscellaneous
<br />31,934
<br />-
<br />-
<br />TOTAL REVENUES
<br />2,582,984
<br />882,046
<br />469
<br />EXPENDITURES
<br />Current
<br />General government
<br />437,379
<br />-
<br />-
<br />Public safety
<br />1,304,691
<br />-
<br />-
<br />Public works
<br />327,668
<br />-
<br />-
<br />Culture and recreation
<br />121,093
<br />-
<br />-
<br />Economic development
<br />50
<br />-
<br />-
<br />Capital outlay
<br />General government
<br />860
<br />-
<br />-
<br />Public works
<br />-
<br />-
<br />-
<br />Culture and recreation
<br />-
<br />-
<br />-
<br />Debt service
<br />Principal
<br />-
<br />725,000
<br />-
<br />Interest and other
<br />-
<br />252,628
<br />17,384
<br />Bond issuance costs
<br />-
<br />853
<br />-
<br />TOTAL EXPENDITURES
<br />2,191,741
<br />978,481
<br />17,384
<br />EXCESS (DEFICIENCY) OF REVENUES
<br />OVER (UNDER) EXPENDITURES
<br />391,243
<br />(96,435)
<br />(16,915)
<br />OTHER FINANCING SOURCES (USES)
<br />Sale of capital assets
<br />-
<br />64,571
<br />-
<br />Transfers in
<br />-
<br />8,691
<br />-
<br />Refunding bonds issued
<br />-
<br />1,815,000
<br />-
<br />Bonds issued
<br />-
<br />-
<br />-
<br />Transfers out
<br />(250,000)
<br />-
<br />-
<br />TOTAL OTHER FINANCING SOURCES (USES)
<br />(250,000)
<br />1,888,262
<br />-
<br />NET CHANGE IN FUND BALANCES
<br />141,243
<br />1,791,827
<br />(16,915)
<br />FUND BALANCES, JANUARY 1
<br />1,169,065
<br />1,369,769
<br />(1,116,065)
<br />FUND BALANCES, DECEMBER 31
<br />$ 1,310,308
<br />$ 3,161,596
<br />$ (1,132,980)
<br />The notes to the financial statements are an integral part of this statement.
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