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<br /> CITY OF CENTERV]LLE, MINNESOTA
<br />STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE-
<br /> BUDGET AND ACI1JAL
<br /> GENERAL FUND
<br /> YEAR ENDED DECEMBER 31, 2002
<br /> Variance -
<br /> Favorable
<br /> Budget Actual (Unfavorable)
<br />REVENUE
<br />General property taxes $ 1,480,623 $ 1,367,373 $ (113,250)
<br />Licenses and permits 200,500 280,551 80,051
<br />Intergovernmental 15,000 242,833 227,833
<br />Charges for services 500 1,725 1,225
<br />Fines and forfeits 25,000 2],306 (3,694)
<br />Interest on investments 40,000 30,015 (9,985)
<br />Miscellaneous 35,990 52,085 16,095
<br />TOTAL REVENUE _ 1,797,613 1,995,888 ]98,275
<br />EXPENDITURES
<br />ClUTent
<br />General government 474,755 473,702 1,053
<br />Public safety 607,778 725,288 (117,510)
<br />Public works 282,441 194,783 87,658
<br />Culture and recreation 117,856 59,457 58,399
<br />Miscellaneous 9,671 (9,671)
<br />Capita] outlay 189,000 80,047 108,953
<br />TOTAL EXPENDITURES 1,67],830 1,542,948 128,882
<br />EXCESS (DEFICIENCY) OF REVENUE OVER
<br />EXPENDITURES 125,783 452,940 327,157
<br />OTHER FINANCING SOURCES (USES)
<br />Operating transfer in 12],499 121,499
<br />Operating transfer out (125,783) (349,587) (223,804)
<br />TOTAL OTHER FINANCING SOURCES (USES) (]25,783) (228,088) ( 102,305)
<br />EXCESS (DEFICIENCY) OF REVENUE
<br />AND OTHER FINANCING SOURCES OVER
<br />EXPENDITURES AND OTHER FINANCING USES $ 224,852 $ 224,852
<br />FUNDBALANC~JANUARY] 713,080
<br />FUND BALANCE, DECEMBER 31 $ 937,932
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<br />See Notes to Financial Statements.
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