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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, 2005
<br /> Other Total
<br /> Debt Governmental Governmental
<br /> General Service Funds Funds
<br />REVENUES
<br />Taxes
<br />Property taxes $ 1,614,848 $ $ $ 1,614,848
<br />Gambling 777 777
<br />Tax increments 39,261 39,261
<br />Licenses and permits 223,481 223,481
<br />Intergovernmental 180,861 73,413 254,274
<br />Charges for services 748 748
<br />Fines and forfeitures 34,316 34,316
<br />Special assessments 542,173 542,173
<br />Interest on investments 24,366 78,400 25,125 127,891
<br />Miscellaneous 83,601 93,656 177 ,257
<br />TOTAL REVENUES 2,162,998 620,573 231,455 3,015,026
<br />EXPENDITURES
<br />Current
<br />General government 490,306 490,306
<br />Public safety 965,643 965,643
<br />Public works 242,361 12,322 254,683
<br />Culture and recreation 50,708 6,910 57,618
<br />Economic development 31,284 31,284
<br />Miscellaneous 18,024 18,024
<br />Capital outlay
<br />General government 25,390 25,390
<br />Public safety 827,750 827,750
<br />Public works 88,612 372,538 461,150
<br />Culture and recreation 14,144 14,144
<br />Economic development 85,156 85,156
<br />Debt service
<br />Principal 485,000 485,000
<br />Interest and other 205,091 205,091
<br />TOTAL EXPENDITURES 1,912,328 1,517,841 491,070 3,921,239
<br />EXCESS (DEFICIENCY) OF REVENUES
<br />OVER (UNDER) EXPENDITURES 250,670 (897,268) (259,615) (906,213)
<br />OTHER FINANCING SOURCES (USES)
<br />Sale of capital assets 66,989 66,989
<br />Transfers in 65,791 565,401 8,347 639,539
<br />Bonds issued 827,750 827,750
<br />Transfers out (150,197) (38,847) (441,329) (630,373)
<br />TOTAL OTHER FINANCING SOURCES (USES) (17,417) 1,354,304 (432,982) 903,905
<br />NET CHANGE IN FUND BALANCES 233,253 457,036 (692,597) (2,308)
<br />FUND BALANCES, JANUARY 1 1,316,103 2,870,417 1,479,032 5,665,552
<br />FUND BALANCES, DECEMBER 31 $ 1,549,356 $ 3,327,453 $ 786,435 $ 5,663,244
<br />The notes to the financial statements are an integral part of this statement.
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