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11115/2011
<br />CITY OF GEM LAKE, MINNESOTA
<br />2012 PROPOSED BUDGET
<br />303 2006 IMPROVEMENT BONDS
<br />RE17EN U E BUDGET 1111512011
<br />ACCT. 2008 2009 2010 2011.2011.2012 %
<br /># ACCOUNT DESCRIPTION ACTUAL ACTUAL ACTUAL. ADOPTED PROJECTED PROPOSED CHANGE
<br />•SPECIAL ASSESSMENTS'
<br />3610.1 SPECIAL. ASSESSMENTS -CURRENT $16448 $37,672 $14,119 615,983 $14,600 ' $15,983 13.20%
<br />36102 SPECIAL ASSESSMENTS - DELINQUENT 0. 0 0 0 0 0 0.00%
<br />36103 PENALTIES & INTEREST 8.744' 7,402 '5,687 6,329 7,263 5,275 -6.91%
<br />36104.SPECIAL.ASSESSMENTS-PREPAIDISNR 0 0 0 0 6,916 0 0.00%
<br />TOTAL FINES & FORFEITS
<br />526,192. $44,974 .$19,786 $22,312 $21,863. 521,258 7;44%
<br />MISCELLANEOUS
<br />36210 INTEREST EARNINGS • 708 1,958 1;925 .1,416 1,416 1;416 -26.46%
<br />39100. BOND PROCEEDS 0. 0 0 0 0 0 0.00%
<br />39200 TRANSFERS IN 0 0 0 0 0 0 060%
<br />TOTAL MISCELLANEOUS $706 $1,958 $1;926 $1,416. $1,416 $1,416 -26.46%
<br />TOTAL REVENUES $25.898.. $46,932 $21,712 $23,728 $23,279 $22,674 4.43%
<br />EXPENDITURE BUDGET
<br />CAPITAL OUTLAY
<br />000 BOND PRINCIPAL $20.000 $20,000 $20,000 $25,000 $25,000 $25,000 25.00%
<br />610 BOND INTEREST 10,105 9,245 8,385 7,418 7,418 6,343-24.351'
<br />620 FISCAL AGENT FEES 0 0 0 50 50 50 0.00%
<br />720. TRANSFERS OUT 0 0 0 0 0 0 0.00%
<br />TOTAL CAPITAL OUTLAY
<br />TOTAL EXPENDITURES.
<br />$30,105. 629,245 $28,385 $32,468 $32.468 $31,393 10;60k
<br />$30,105. $29,245 828;385. •832,468• $32,468 $31,393 10.60%
<br />.FUND BALANCE -JANUARY 1 $132,664 $128,457 .$148,145. •.$139,471. $139,471 5130,283
<br />EXCESS REVENUE OVER EXPENDITURES ($4,207) . $17,687 • ($6,673( ($8,739) ($9.189) •($8,719)..
<br />FUND BALANCE - DECEMBER 31
<br />6128,457 $146.145 $139,471 $130,732 $130,283 $121,564-12;84%
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