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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 3 I, 2006
<br /> Variance with
<br /> Budgeted Amounts Final Budget -
<br /> Actual Positive
<br /> Original Final Amounts (Negative)
<br />REVENUES
<br />Taxes
<br />General property taxes $ 1,778,000 $ 1,778,000 $ 1,738,940 $ (39,060)
<br />Gambling 10,500 10,500 5,642 (4,858)
<br />Licenses and permits 212,200 212,200 139,224 (72,976)
<br />Intergovernmental 115,000 115,000 222,373 107,373
<br />Charges for services 800 800 2,493 1,693
<br />Fines and forfeitures 30,000 30,000 39,190 9,190
<br />Special assessments 1,597 1,597
<br />Interest on investments 40,000 40,000 62,083 22,083
<br />Miscellaneous 14,000 14,000 30,395 16,395
<br />TOTAL REVENUES 2,200,500 2,200,500 2,241,937 41,437
<br />EXPENDITURES
<br />Current
<br />General government 518,600 518,600 497,267 21,333
<br />Public safety 932,876 932,876 995,798 (62,922)
<br />Public works 297,000 297,000 214,642 82,358
<br />Culture and recreation 77,500 77,500 71,874 5,626
<br />Economic development 6,500 6,500 169,273 (162,773)
<br />Miscellaneous 19,500 19,500 19,960 (460)
<br />Capital outlay 167,624 167,624 112,769 54,855
<br />Debt service 5,875 (5,875)
<br />TOTAL EXPENDITURES 2,019,600 2,019,600 2,087,458 (67,858)
<br />EXCESS OF REVENUES
<br />OVER EXPENDITURES 180,900 180,900 154,479 (26,421)
<br />OTHER FINANCING SOURCES (USES)
<br />Transfers in 65,400 65,400
<br />Transfers out (180,900) (180,900) (205,900) (25,000)
<br />TOTAL OTHER FINANCING
<br />SOURCES (USES) (180,900) (180,900) (140,500) 40,400
<br />NET CHANGE IN FUND BALANCES 13,979 13,979
<br />FUND BALANCES, JANUARY 1 1,549,356 1,549,356 1,549,356
<br />FUND BALANCES, DECEMBER 31 $ 1,549,356 $ 1,549,356 $ 1,563,335 $ 13,979
<br />The notes to the financial statements are an integral part of this statement.
<br /> -13-
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