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<br /> CITY OF CENTERVILLE, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENDITURES AND
<br />CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
<br /> GENERAL FUND
<br /> YEAR ENDED DECEMBER 31, 2007
<br /> Variance with
<br /> Budgeted Amounts Final Budget -
<br /> Actual Positive
<br /> Original Final Amounts (Negative)
<br />REVENUES
<br />Taxes
<br />General property taxes $ 1,961,900 $ 1,961,900 $ 1,813,923 $ (147,977)
<br />Gambling 1,724 1,724
<br />Licenses and permits 162,000 162,000 220,855 58,855
<br />Intergovernmental 117,000 117,000 286,590 169,590
<br />Charges for services 2,228 2,228
<br />Fines and forfeitures 40,000 40,000 37,529 (2,471)
<br />Interest on investments 58,000 58,000 60,501 2,501
<br />Miscellaneous 19,000 19,000 46,411 27,411
<br />TOTAL REVENUES 2,357,900 2,357,900 2,469,761 111,861
<br />EXPENDITURES
<br />Current
<br />General government 581,000 581,000 562,024 18,976
<br />Public safety 1,016,000 1,016,000 1,034,234 (18,234)
<br />Public works 315,500 315,500 280,586 34,914
<br />Culture and recreation 85,500 85,500 114,504 (29,004)
<br />Economic development 6,200 6,200 17,257 (11,057)
<br />Miscellaneous 25,000 25,000 25,000
<br />Capital outlay 148,000 148,000 381,763 (233,763)
<br />Debt service 11,375 (11,375)
<br />TOTAL EXPENDITURES 2,177,200 2,177,200 2,401,743 (224,543)
<br />EXCESS OF REVENUES
<br />OVER EXPENDITURES 180,700 180,700 68,018 (112,682)
<br />OTHER FINANCING SOURCES (USES)
<br />Sale of capital assets 9,611 9,611
<br />Transfers out (181,200) (181,200) (205,800) (24,600)
<br />TOTAL OTHER FINANCING
<br />SOURCES (USES) (181,200) (181,200) (196,189) (14,989)
<br />NET CHANGE IN FUND BALANCES (500) (500) (128,171) (127,671)
<br />FUND BALANCES, JANUARY 1 1,563,335 1,563,335 1,563,335
<br />FUND BALANCES, DECEMBER 31 $ 1,562,835 $ 1,562,835 $ 1,435,164 $ (127,671)
<br />The notes to the financial statements are an integral part of this statement.
<br /> -13-
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