2010-10-13 CC Packet - Laserfiche WebLink

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Long lemm Deb% The City of Centerville has five outstanding bond issues as of 8/30/10-2004 B 2005 A 2007 A, 2009 B. and 2008 & The total current debt (principal to be paid baukin2010)im$11.B12. Joia| longterm debt outstanding (principal tmbepaidhack2Q11 through 2O25,)|a$18.8Dg.438, FumdEz[cmc* Fund balance: The City of Centerville began fiscal year 2010 with General Food balance of$1.231.325 and has since (1/1/1O through @/D010) incurred un excess ofexpenditures over revenues of ($434,271)—leaving the City with u total General Fund balance of $797,053 at the end ofSeptember, Revenue I F]),pence Statement General Fund Nmwemae Property Tax and State Grants: The City received roughly $8&2.673 in general levy doWarsthnough the month of September', Ov*ra||, property tax generated revenue is at 52% of the year to date budget. AmVsreet Earnings: The City has received $14.102in interest revenue or4796of the year to date budget through the! month ofSeptember, Administration: Adm�nimtnationmawanue consists of mostly fees derived from the selling of liquor licenses. The City has received $11,297 in Administration revenue or 38% of the year to date budget through the month ofSeptember. Police Aid: The City received $15.884 in Police associated revenue through the month uf September wr23%of the year to date budget. Fire Kid: The City has not received any revenue in this classification through the month of September. Building Inspection: Building inspection revenues are comprised nt the various pomn|ta associated with building projeuts--p|mmb|ng, bwi|dimg, mechanical, and etc. The City has received roughly $31 in Building inspection revenue or 37% of the year to date budget. OvansU' general fund revenues anu coming in at roughly 45% of the year to date budget through September. Expenses General Government: General Govemmend expenditures include am|ahee / benef|tm, supplies and purchased services in conjunction with activities pmrfomoed by the Mayor, four City Council Members and City Administration. General Government expenditures total roughly 3G8.455or079&of the year todate budget. Public Safety: The City of Centerville has u joint powers agreement with Circle p|nom and Lexington that funds the Centennial Lakes Police Department. A similar arrangement with Lino Lakes and Circle Pines funds the Centennial Fire District. Public Safety expenditures totaled roughly $71J.197urG7%ofthe year bo date budget through September, Public Works: Public Works expenditures include salaries / benefits associated with the departments four full time employees, This classification also captures, e�xpemdiiuem of supplies and purchases eon/loeo that are used to maintain the ukY parks and streets. Public VVodke expenditures totaled roughly $3D3.4G8wr5G9&ofthe year tn date budget through Smptamber. Culture and Recreation: The Culture and Recreation budget consists of expenditures incurred by the City's oammittue, recreation prngnamn, and the city festival. Culture and Recreation expenditures totaled roughly $14,971 or 77% of the year to date budget., Other: This classification comm|xto of items associated with development and the city's recycling progmm. Other expenditures totaled roughly $11.304 or 34% of the year to dm$a budget. U*eua[|. General Fund expenditures totaled roughly $1,409,485 through September or O396wf the year to date budget. Analysis Prepared By: Michael Jeziorski Finance Director