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<br />CITY OF CENTERVILLE, MINNESOTA <br />NOTES TO THE FINANCIAL STATEMENTS <br />DECEMBER 31, 2006 <br /> <br />Note 2: STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY - CONTINUED <br /> <br />B. Excess of Expenditures Over Appropriations <br /> <br />For the year ended December 31, 2006, expenditures exceeded appropriations in the following departments (the <br />legal level of budgetary control). <br /> <br />Amount <br /> <br />General government <br />Elections <br />Planning and zoning <br />Public safety <br />Police protection <br />Fire protection <br />Building inspection <br />Animal control <br />Public works <br />Recycling <br />Economic development <br /> <br />$ 2,139 <br />1,940 <br /> <br />1,959 <br />62,920 <br />1,149 <br />32 <br /> <br />4,779 <br />162,773 <br /> <br />These over expenditures were funded by lower than expected expenditures in other departments and greater than <br />anticipated revenues. <br /> <br />C. Deficit Fund Equity <br /> <br />The following fund had a deficit fund balance as of December 31, 2006: <br /> <br />Fund <br />Debt Service Funds <br />G.O. Improvement Bonds of2003 <br /> <br />Amount <br /> <br />$ 24.978 <br /> <br />The City plans to fund this deficit with future revenues from tax levy. <br /> <br />-28- <br />