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<br />CITY OF CENTERVILLE, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />DECEMBER 31, 2003 <br /> <br />Note 2: STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY - CONTINUED <br /> <br />B. Excess of Expenditures Over Appropriations <br /> <br />For the year ended December 31,2003, expenditures exceeded appropriations in the following departments (the <br />legal level of budgetary control). <br /> <br />General government <br />Elections <br />Economic development <br />Legal and accounting <br />Insurance <br />General government building <br />Public safety <br />Police protection <br />Fire protection <br />Animal control <br />Public works <br />Street <br />Miscellaneous <br /> <br />$ <br /> <br />43 <br />229 <br />4,595 <br />80 <br />6,206 <br /> <br />1,820 <br />118,782 <br />859 <br /> <br />80,426 <br />5,085 <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 funds had a deficit fund balance as of December 31, 2003: <br /> <br />Capital projects funds <br />TIF District 1-4 <br />Hunter's Crossing Phase II <br />Centerville Town Office Park <br /> <br />$ <br /> <br />8,441 <br />10,856 <br />675 <br /> <br />The City plans to fund these deficits with future revenues from tax increment, special assessments and transfer from <br />other funds. <br /> <br />-21- <br />