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CITY OF GEM LAKE, MINNES OTA
<br />2010 PROPOSED BUDGET
<br />DEBT SERVICE FUNDS SUMMARY
<br />REVENUE BUDGET
<br />ACCT,. 2005 .2006 2007 2008 2009: •2009 2010 2010 %
<br />E ACCOUNT DESCRIPTION' ACTUAL ACTUAL ACTUAL •ACTUAL ADOPTED PROJECTED PRELIMNARY. PROPOSED CHANGE.
<br />PROPERTY TAXES
<br />:31001 CURRENT TAXES .60 60. 693,540 .$51,232 523,90D 623,900. 553,200. 552,600 120.08%
<br />31002 DELINQUENT TAXES ❑ 0• ❑ 40 0 0: 0 0 0.00%
<br />:31003 FISCAL DISPARITY TAX. 0 0. 1;689 1,169 :0 0• 0 0 0.00%
<br />31004 PENALTIES &•INTEREST 0 0 0 0 0 0 0 0 0.00%
<br />TOTAL PROPERTY TAXES $0. 50 695,229 •$52,440 523,900 $23,900. 653,200 652,600 120,08%
<br />SPECIAL ASSESSMENTS
<br />36101 SPECIAL ASSESSMENTS 54,675 161,127 116,301 66,718 100,000 67,287 60,035 60,034 -39.97%
<br />38102 DELINQUENT SPECIAL ASSESSMENTS 0 0 0 70 0 0 C 0 0.00%
<br />36103 PENALTIES & INTEREST. 0 0 55 25,480 0 27,366 23,393 23,393 0.00%
<br />TOTAL FINES &FORFEITS 554,675 $161,127 $115,356 $93,269 $100,000 694,655 583.426 $83,427. 16.57%.
<br />MISCELLANEOUS
<br />35210 INTEREST EARNINGS 0 34 9,646 3,877 6,200 4,945 4,665. 4,865 -21.53%
<br />39000 MISCELLANEOUS 0 0 0 0 0 0 0 0 0.00%
<br />39200 BOND PROCEEDS 0 6,750. 0 0 0 0 0 0 0.00%
<br />39300 TRANSFERS IN. 0 101,945 37,480. 0 0 0 0 0 0.00%
<br />TOTAL MISCELLANEOUS $0 $103,729 $47,126 53,577 56200 $4,945 54,565 $4,865-21.63%
<br />TOTAL REVENUES
<br />$54,675 $269,656 6258,71i $149,666 S130,100 6123,500 6141,493 5140,892 8.30%
<br />EXPENDITURE BUDGET
<br />CAPITAL OUTLAY
<br />601 BOND PRINCIPAL 0 24,460 50,327. 72,207 .89,158 •59,156: 91,179 91,179 2,27%
<br />602. BOND INTEREST. 16,141 21,662 30,207 68.924 61,665 .61,686 59,063 59.063 -4.25%.
<br />603 FISCAL AGENT FEES 38 .48 O. 450 550 . 450 550 550 :0,00%
<br />701. MISCELLANEOUS 0 .0 0 0 0 0 .0 0' 0.00%
<br />720 TRANSFERS OUT 0 100,789 0 0 0 0 0 0 0.00%
<br />TOTAL CAPITAL OUTLAY
<br />TOTAL EXPENDITURES
<br />$16,179 $146,999 $60,534 6141,581 $151,392 $151,292 $150,792 $150,792 -0.40%
<br />$16,179 $146,999 580,534 5141,581 6151,392 $151,292 6150,792 $150,792 -0.40%
<br />FUND BALANCE -JANUARY1 626,869 $65,365 $188,222 $366,400 $366,400 6366400 $366,400 $374,404
<br />EXCESS REVENUE OVER EXPENDITURES $38,496 6122,857 $178,178. $8,004 (621,293) ($27,792) ($9,299) (59,900)
<br />FUND BALANCE - DECEMBER 31 $65,365 5168,222 $366,400 6374,404 6345,107 6336,606 $357,100 $364,504 5,62%
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