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<br />CITY OF CENTERVILLE, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES (DEFICITS)
<br /> GOVERNMENTAL FUNDS
<br /> YEAR ENDED DECEMBER 31, 2007
<br /> Debt
<br /> General Service Park
<br />REVENUES
<br />Taxes
<br />Property $ 1,813,923 $ $
<br />Gambling 1,724
<br />Licenses and permits 220,855
<br />Intergovernmental 286,590
<br />Charges for services 2,228
<br />Fines and forfeitures 37,529
<br />Special assessments 292,755
<br />Interest on investments 60,501 108,656 1,386
<br />Miscellaneous 46,411 78,492 28,078
<br />TOTAL REVENUES 2,469,761 479,903 29,464
<br />EXPENDITURES
<br />Current
<br />General government 562,024
<br />Public safety 1,034,234
<br />Public works 280,586
<br />Culture and recreation 114,504 254,737
<br />Economic development 17,257
<br />Capital outlay
<br />General government 4,285
<br />Public safety 5,325 (19,680)
<br />Public works 372,153
<br />Culture and recreation 74,388
<br />Economic development
<br />Debt service
<br />Principal 11,375 1,086,964
<br />Interest and other 278,918
<br />TOTAL EXPENDITURES 2,401,743 1,346,202 329,125
<br />EXCESS (DEFICIENCY) OF REVENUES
<br />OVER (UNDER) EXPENDITURES 68,018 (866,299) (299,661)
<br />OTHER FINANCING SOURCES (USES)
<br />Sale of capital assets 9,611
<br />Transfers in 367,582 25,000
<br />Bonds issued 141,320
<br />Discount on bonds issued
<br />Transfers out (205,800) (23,160)
<br />TOTAL OTHER FINANCING SOURCES (USES) (196,189) 485,742 25,000
<br />NET CHANGE IN FUND BALANCES (128,171) (380,557) (274,661)
<br />FUND BALANCES, JANUARY 1 1,563,335 2,791,160 75,043
<br />FUND BALANCES (DEFICITS), DECEMBER 31 $ 1,435,164 $ 2,410,603 $ (199,618)
<br />The notes to the financial statements are an integral part of this statement.
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