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<br /> CITY OF CENTERVILLE, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
<br /> GOVERNMENTAL FUNDS
<br /> YEAR ENDED DECEMBER 31, 2006
<br /> Debt
<br /> General Service Park
<br />REVENUES
<br />Taxes
<br />Property $ 1,738,940 $ $
<br />Gambling 5,642
<br />Tax increments
<br />Licenses and permits 139,224
<br />Intergovernmental 222,373 150,000
<br />Charges for services 2,493
<br />Fines and forfeitures 39,190
<br />Special assessments 1,597 419,235
<br />Interest on investments 62,083 114,087 11,038
<br />Miscellaneous 30,395 230,803
<br />TOTAL REVENUES 2,241,937 533,322 391,841
<br />EXPENDITURES
<br />Current
<br />General government 497,267
<br />Public safety 995,798
<br />Public works 214,642
<br />Culture and recreation 71,874 21,157
<br />Economic development 169,273
<br />Miscellaneous 19,960
<br />Capital outlay
<br />General government 16,681
<br />Public safety 1,306
<br />Public works 94,017
<br />Culture and recreation 590,178
<br />Economic development 765
<br />Debt service
<br />Principal 5,775 1,100,459
<br />Interest and other 100 178,256
<br />TOTAL EXPENDITURES 2,087,458 1,278,715 611,335
<br />EXCESS (DEFICIENCY) OF REVENUES
<br />OVER (UNDER) EXPENDITURES 154,479 (745,393) (219,494)
<br />OTHER FINANCING SOURCES (USES)
<br />Transfers in 65,400 180,900 25,000
<br />Bonds issued 28,200
<br />Discount on bonds issued
<br />Transfers out (205,900) (65,400)
<br />TOTAL OTHER FINANCING SOURCES (USES) (140,500) 209,100 (40,400)
<br />NET CHANGE IN FUND BALANCES 13,979 (536,293) (259,894)
<br />FUND BALANCES, JANUARY I 1,549,356 3,327,453 334,937
<br />FUND BALANCES, DECEMBER 31 $ 1,563,335 $ 2,791,160 $ 75,043
<br />The notes to the financial statements are an integral part of this statement.
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