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CITY OF GEM LAKE, MINNESOTA <br />2010 PROPOSED BUDGET <br />303 2006 IMPROVEMENT BONDS <br />REVENUE BUDGET <br />ACCT. 2005 2005 2007 2008 2009 2009 2010 2010 % <br />8 ACCOUNT DESCRIPTION ACTUAL ACTUAL ACTUAL ACTUAL ADOPTED PROJECTED PRELIMNARY PROPOSED CHANGE <br />SPECIAL ASSESSMENTS <br />38101 SPECIAL ASSESSMENTS 50 558,215 542,30E 518,448 $28,000. 522,22.9. $17.339 $17,339 38.0E% <br />36102 DELINQUENT SPECIAL ASSESSMENTS 0 0 0 0 0 0 0 0 D.00% <br />36103 PENALTIES & INTEREST 0 0 46 8,744 0 9,345 8,755 6,755 0.00% <br />TOTAL FINES &FORFEITS <br />$0 558,215 $42,354 $25,192 526,000 531,574 526,094 $26,094 -6.81% <br />MISCELLANEOUS <br />35210 INTEREST EARNINGS 0 34 4,483 706 2,570 1,920 1,920 1,920 -25.28% <br />39100 BOND PROCEEDS 0 5,750 0 0 0 0 D 0 ff 00% <br />39200 TRANSFERS IN 0 0 37,480 0 0 0 0 0 0.00% <br />TOTAL MISCELLANEOUS $0 $6,784 $41,963 $706 52,570 51,920 $1,920 $1,920 -25.28% <br />TOTAL REVENUES 50 384,929 $84,316 $25,898 $30,570 $33,494 $28,014 $28,014 -8.36% <br />gXPENDITURE BUDGET <br />CAPITAL OUTLAY <br />600 BOND PRINCIPAL $0 $0 $0. 520,000 .520,000: $20,040 $20,000 $20,000 0.00% <br />610 BOND INTEREST 0 0 9,891 10,105 9,245 9,245: 9,245 9,245 0.00% <br />620 FISCAL AGENT FEES 0 10 0 0 .$0. 0 50 50 0.00% <br />720 TRANSFERS OUT 0 6,750 0 0 0 0 0 0 0.00% <br />TOTAL CAPITAL OUTLAY $0 $6,760 $9,891 $30,105 $29,2.25 $29,245 $29,295 $29,295 0.00% <br />TOTAL EXPENDITURES $0 S6,760 $9,691 $30,105 $29,295 $29,245 529,295 $29,225 0.00% <br />FUND BALANCE-JANUARY 1 $0 $0 559,239 $132,664 5128;457 $128;457 $132,707: $132,707 <br />.EXCESS.REVENUE OVER EXPENDITURES $0 $58,239 S74,425 ($4,207) $1.275 54,249 ($1,281) ($1,281) <br />FUND BALANCE.- DECEMBER 31 $0 $58,239 .5132,664. 5126,457 5129,732 $132,707 :5131,428 5131,426 1,31% <br />Page 37 of46 <br />