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CITY OF GEM LAKE, MINNESOTA <br />2010.PROPOSED BUDGET <br />304 2007 CAPITAL IMPROVEMENT PLAN BONDS <br />REVENUE BUDGET <br />ACCT, 2005 2006 2007 2008 2009 2009 2010 % <br /># ACCOUNT DESCRIPTION ACTUAL ACTUAL ACTUAL ACTUAL ADOPTED PROJECTED PROPOSED CHANGE <br />FINES & FORFEITS' <br />31001 CURRENT TAXES $0 $0 593,540 55.1,232 $23,900 $23,900: $52,600 120,08% <br />31002 DELINQUENT TAXES 0 0 0 40 0 0 0 0.00% <br />3.1003 FISCAL DISPARITIES TAXES 0 0. 1,689 1,189 0 0 ,0 0.00% <br />31004 PENALTIES & INTEREST 0. 0 0 0 ❑ 0 0 0:00% <br />TOTAL FINES & FORFEITS 50 50 $95,229 552,440 523,900 523;900 $52,600 120,08 % <br />MISCELLANEOUS <br />36210 INTEREST EARNINGS 0 0 503 1,798 1,079 1.079 1.000. -7,32% <br />39100 BOND PROCEEDS 0 0 0 0 0 0 0 0.00% <br />39200 TRANSFERS IN 0 0 0 0 0 0 0 0.00%: <br />TOTAL MISCELLANEOUS <br />TOTAL REVENUES <br />$0 50. 5503 $1,798 $1,079 51,079 51,000 -7.32% <br />`50. 50 595;733 $54,238 S24,979 524.979 $53,600 114,58% <br />EXPENDITURE BUDGET <br />CAPITAL OUTLAY. <br />600 BONA PRINCIPAL $0 $0 $0 $0 $15,000 515,000 $15,000 0.00% <br />610 BOND INTEREST 0 0 0 40,364 35,955 35.955 35,355.-1.67%. <br />620 FISCAL AGENT FEES 0 0 0 450 450 450 450 0.00% <br />720 TRANSFERS OUT. 0 0 0 0 0 . 0 0 0.00% <br />TOTAL CAPITAL OUTLAY <br />TOTAL EXPENDITURES <br />FUND BALANCE - JANUARY 1 <br />EXCESS REVENUE OVER EXPENDITURES <br />S0 $0 $0 540,834 551,405 $51,405 $50,805 -1.17% <br />$0 $0 $0 540;834 $51,405 $51,405 $50;805 -1.17% <br />$0 $0 50 595,733 595,733 $95,733 5109,.136 <br />$0 $0 595,733 513,404 ($26,426) (526,426) $2,795 <br />FUND BALANCE - DECEMBER 31 $0 $0 $95,733 5109,136 $69,307 $69,307 $111,931 61,50% <br />Page 20 <br />