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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br /> <br />City of Centerville <br />May 29, 2008 <br />Page 9 <br /> <br />A summary of the 2007 operations is as follows: <br /> <br />Revenues <br />Expenditures <br /> <br /> Variance with <br /> Final Final Budget <br /> Budgeted Actual Positive <br /> Amounts Amounts (Negative) <br />$ 2,357,900 $ 2,469,761 $ 111,861 <br /> 2,177,200 2,401,743 (224,543) <br /> 180,700 68,018 (112,682) <br /> <br />Excess of revenues over expenditures <br /> <br />Other financing uses <br />Sale of capital assets <br /> <br />Transfers out <br /> <br /> 9,611 9,611 <br /> (181,200) (205,800) (24,600) <br /> (181,200) (196,189) (14,989) <br /> (500) (128,171) (127,671) <br /> 1,563,335 1,563,335 <br />$ 1,562,835 $ 1,435,164 $ (127,671) <br /> <br />Total other financing sources (uses) <br /> <br />Net change in fund balances <br /> <br />Fund balances, January I <br /> <br />Fund balances, December 31 <br /> <br />o Revenue - The line item with the largest variance was licenses and permits. This category was $59 thousand over <br />budget. The next largest item was the Fire State Aid. This category was $43 thousand over budget. <br /> <br />o Expenditures - Public works capital outlay accounted for nearly all the negative variance in expenditures. It was $259 <br />thousand over budget. The expenditure was for a dump truck that was originally budgeted in 2006. <br /> <br />952.835.9090 . Fax 952.835.3261 <br /> <br />www.aemcpas.com <br />