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<br />Page 23 Tuesday, April 15, 2003
<br />QUAD COf,MUNITY PRESS
<br />
<br />N Rublic notice
<br />
<br />CITY OF CENTERVILLE
<br />SUMMARY FINANCIAL REPORT
<br />YEAR ENDED DECEMBER 31, 2002
<br />
<br />City of Centerville
<br />Summary Financial Report
<br />The purpose of this report is to provide a summary of financial information concerning the city of CenterviUe to interested citi-
<br />zens. The complete 1inancial statements may be examined at the Centerville Ci1y Hall, 1 BSO main Street. Cen\erville, MN. Questions
<br />about this report should be directed to Kim Moore-Sykes, City Administrator, 651-429-3232.
<br />
<br /> Revenues and Expenditures for General Operations
<br /> (Governmental and Expendable Trust Funds)
<br /> Percent
<br /> Total Total Increase
<br /> 2002 2001 (Decrease)
<br />Revenues
<br />Taxes 1,379,409 1,257,076 9.7%
<br />Special Assessments 949,_ 481,718 97.2"10
<br />Intergovernmental Revenues 242,833 245,889 -1.2%
<br />Charges for Services 1,725 780 121.2%
<br />Licenses and Permits 280,551 235,667 19.0%
<br />Fines & Forteits 21,306 32,269 -34.0%
<br />Interest on Investments 61,975 77,165 -19.7%
<br />Other = 11JlA32 167.7%
<br />Total ~ 2441000 32.5%
<br />Expenditures
<br />Current
<br />General Government 473,702 440,480 7.5%
<br />Public Safety 725,288 648,345 11.9%
<br />Streets and Highways 194,783 196,832 -1.0%
<br />Sanitation 6,236 4,691 32.9%
<br />Culture and Recreation 74,679 120,220 -37.9%
<br />Other 9,671 46,686 -79.3%
<br />Capital Outlay 1,051,524 1,224,495 -14.1%
<br />Debt Service = ~ 53.0%
<br />Total ~ 308901? 2.3%
<br />Excess ot Revenues Over
<br />(Under) Expenditures llm1 (Ma212J -111.4%
<br />
<br />-~l
<br />
<br /> Percent
<br /> Total Total Increase
<br /> 2002 2001 (Decrease)
<br />Other Financing Sources (Uses)
<br />Borrowing 622.662 969,316 -35.8%
<br />Transfers In 1,227,703 299,225 310.3%
<br />Transfers Out (681,438) (238,717) 185.5"'/0
<br />Fund Equity, Beginning of Year 2569015 ~ 17.5%
<br />Fund Equity. End ot Year 3812 033 2 569 015 48.4%
<br /> Key Financial Health Indicators
<br /> City of Centerville
<br /> = = =
<br />Current Population 3,331 3,245 3,202
<br />Net Tax Capacity 2,071,728 2,455,864 1,996.117
<br />Percent of Property Taxes Collected 98.29% 98.07% 98.36%
<br />City Revenues Per Capita $1,526 $1,143 $846
<br />(Governmental Funds
<br />City Expenditures Per Capita $1,153 $1,025 $953
<br />(Governmental Funds)
<br />RatiO 01 Bonded Debt to Tax Capacity 1.6 1.6 1.5
<br />Bond Rating None None None
<br />
<br />The complete financial report, available at the Centerville city Hall, 1880 Main Street, Centerville, MN, includes the detail of the
<br />published report.
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