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<br /> CITY OF CENTERVILLE, MINNESOTA
<br /> SUMMARY FINANCIAL REPORT
<br />REVENUES AND EXPENDITURES FOR GENERAL OPERATIONS
<br /> GOVERNMENTAL FUNDS
<br /> YEARS ENDED DECEMBER 31, 2007 AND 2006
<br /> Percent
<br /> Total Increase
<br /> 2007 2006 (Decrease)
<br />REVENUES
<br />Taxes $ 1,815,647 $ 1,765,641 2.83 %
<br />Licenses and pennits 220,855 139,224 58.63
<br />Intergovernmental 286,590 573,961 (50.07)
<br />Charges for services 2,228 2,493 (10.63)
<br />Fines and forfeitures 37,529 39,190 (4.24)
<br />Special assessments 292,755 420,832 (30.43)
<br />Interest on investments 195,859 210,512 (6.96)
<br />Miscellaneous 212,295 326,032 (34.89)
<br />TOTAL REVENUES $ 3,063,758 $ 3,477,885 (11.91) %
<br />Per Capita $ 802.03 $ 882.71 (9.14)
<br />EXPENDITURES
<br />Current
<br />General government $ 562,024 $ 497,267 13.02 %
<br />Public safety 1,034,234 995,798 3.86
<br />Public works 288,201 215,021 34.03
<br />Culture and recreation 376,863 95,694 293.82
<br />Economic development 17,257 169,273 (89.81)
<br />Miscellaneous 19,960 (100.00)
<br />Capital outlay
<br />General government 4,285 16,681 (74.31)
<br />Public safety (14,355) 1,306 (1,199.16)
<br />Public works 1,869,018 2,591,421 (27.88)
<br />Culture and recreation 74,457 591,814 (87.42)
<br />Economic development 15,494 228,791 (93.23)
<br />Debt service
<br />Principal 1,098,339 1,106,234 (0.71 )
<br />Interest and other charges 278,918 178,356 56.38
<br />TOTAL EXPENDITURES $ 5,604,735 $ 6,707,616 (16.44) %
<br />Per Capita $ 1,467.21 $ 1,702.44 (13.82)
<br />Total Long-tenn Indebtedness $ 9,145,647 $ 7,652,291 19.52 %
<br />Per Capita 2,394.15 1,942.21 23.27
<br />General Fund Balance - December 31 $ 1,435,164 $ 1,563,335 (8.20) %
<br />Per Capita 375.70 396.79 (5.32)
<br />The purpose of this report is to provide a summary of financial infonnation concerning the City of CentervilIe to interested
<br />citizens. The complete financial statements may be examined at City Hall, 1880 Main St, CentervilIe, MN 55038. Questions
<br />about this report should be directed to John Meyer, Finance Director at (651) 429-3232.
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