|
CITY OF CENTERVILLE, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENDITURES AND
<br />CHANGES IN FUND BALANCES -BUDGET AND ACTUAL
<br />GENERAL FUND
<br />YEAR ENDED DECEMBER 31, 2008
<br /> Variance with
<br /> Budgeted Amounts Final Budget -
<br /> Actual Positive
<br /> Original Final Amounts (Negative)
<br />REVENUES
<br />Taxes
<br />General property taxes $ 1,985,600 $ 1,985,600 $ 1,908,635 $ (76,965)
<br />Gambling 2,000 2,000 - (2,000)
<br />Licenses and permits 170,000 170,000 333,903 163,903
<br />Intergovernmental 169,000 169,000 218,673 49,673
<br />Charges for services 2,000 2,000 722 (1,278)
<br />Fines and forfeitures 35,000 35,000 29,797 (5,203)
<br />Special assessments - - 1,915 1,915
<br />Interest on investments 60,000 60,000 47,043 (12,957)
<br />Miscellaneous 18,000 18,000 14,981 (3,019)
<br />TOTAL REVEI~TUES 2,441,600 2,441,600 2,555,669 114,069
<br />
<br />EXPENDITURES
<br />Current
<br />General government 598,000 598,000 531,062 66,938
<br />Public safety 1,080,500 1,080,500 1,094,263 (13,763)
<br />Public works 321,000 321,000 266,110 54,890
<br />Culture and recreation 87,500 87,500 105,564 (18,064)
<br />Economic development 6,500 6,500 3,031 3,469
<br />Miscellaneous 20,000 20,000 - 20,000
<br />Capital outlay 123,500 123,500 629,146 (505,646)
<br />
<br />TOTAL EXPENDITURES 2,237,000 2,237,000 2,629,176 (392,176)
<br />
<br />EXCESS (DEFICIENCY) OF REVENUES
<br />OVER (UNDER) EXPENDITURES 204,600 204,600 (73,507) (278,107)
<br />
<br />OTHER FINANCING SOURCES (USES)
<br />Inrterfund interest - - (35,660) (35,660)
<br />Transfers in - - 35,977 35,977
<br />Transfers out (204,600) (204,600) (204,458) 142
<br />
<br />TOTAL OTHER FINANCING
<br />SOURCES (USES) (204,600) (204,600) (204,141) 459
<br />
<br />NET CHANGE IN FUND BALANCES - - (277,648) (277,648)
<br />FUND BALANCES, JANUARY 1 1,435,164 1,435,164 1,435,164 -
<br />FUND BALANCES, DECEMBER 31 $ 1,435,164 $ 1,435,164 $ 1,157,516 $ (277,648)
<br />The notes to the financial statements are an integral part of this statement.
<br />-13-
<br />
|