Laserfiche WebLink
<br />CI1Y OF CENlERVILLE, MINNESOTA <br />NOTES TO THE FINANCIAL STATEMENTS <br />DECEMBER 31,2005 <br /> <br />Note2: STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY - CONTINUED <br /> <br />B. Excess of Expenditures Over Appropriations <br /> <br />For the year ended December 31, 2005, expenditures exceeded appropriations in the following departments (the <br />legal level of budgetary control). <br /> <br />Amount <br /> <br />General govP.mmP.1tt <br />Elections <br />Planning and zoning <br />Administration <br />Legal and accounting <br />Insurance <br />. Public safety <br />Police protection <br />Fire protection <br />Civil defense <br />Public works <br />Recycling <br />Engineering services <br />Economic development <br /> <br />$ <br /> <br />96 <br />3,666 <br />10,977 <br />4,512 <br />1,808 <br /> <br />19,670 <br />49,193 <br />1,603 <br /> <br />684 <br />39,422 <br />24,984 <br /> <br />These over expenditures were funded by lower than expected expenditures in other departments and greater than <br />anticipated revenues. <br /> <br />C. Deficit Fund Equity <br /> <br />The following fund bad a deficit fund balance as of December 31, 2005: <br /> <br />Fund <br /> <br />Amount <br /> <br />Capital projects <br />TIF District 1-4 <br /> <br />$ <br /> <br />5,151 <br /> <br />The City plans to fund this deficit with future revenues from tax increments. <br /> <br />-26- <br />