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302 2004IMPROVEMENT BONDS <br />REVENUE BUDGET <br />ACCT, <br /># ACCOUNT DESCRIPTION. <br />11/15/2011. <br />CITY OF GEM LAKE, MINNESOTA. <br />2012 PROPOSED BUDGET <br />1111512D11. <br />2008 2009 2010 2011 2011 2012 % <br />ACTUAL. ACTUAL ACTUAL ADOPTED PROJECTED PROPOSED CHANGE <br />PECIAL ASSESSMENTS <br />36101 SPECIAL ASSESSMENTS -CURRENT $50,270 S63,581 :S41,523 .$43,379 $41,612 $40,641 -2.12% <br />36102 SPECIAL ASSESSMENTS - DELINQUENT 70 106 0 0 0 D 0.001 <br />36103 PENALTIES & INTEREST 17,736 15,199 12.342 10;845 10.403 8,128 -34.14% <br />36104. SPECIALASSESSMENTS-PREPAFDISNR 0 0 0 0 3,884 0 0.00% <br />TOTAL FINES & FORFEITS <br />$68,077 $78,887 S53,864 S54,224 $55.899 $48,769 -9.46% <br />•MISCELLANEOUS <br />.36210 INTEREST EARNINGS 1,373 1,968 -1,622 1,346 1,346 1,346-17.03% <br />39100. BOND:PROCEEDS 0 0 0 0 D 0 .0.00% <br />39200.. TRANSFERS. EN D 0 0. 0 A 0 0:00% <br />TOTAL MISCELLANEOUS $1,373. $1,968 $1,622 $1,346. $1,346 51,346-17,03% <br />TOTAL REVENUES S69,449 $80,854 $55,487 $55,570 $57;245 S50,.115 -9.68% <br />EXPENDITURE BUDGET <br />CAPITAL OUTLAY <br />600 BOND PRINCIPAL $52,207 554.156 S56,179 $58,276 558,276 $60,452 7.61% <br />610 BOND INTEREST 18,435 16,466 14,463 12,366 12,366 10,190-29-55% <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 />$70.642 S70,6-42 57.0,642 $70,692 $70,692 $70,692 0.07% <br />$70,642. S70,642 S70,642 S70,692 $70,692 $70,692 0.07% <br />FUND BALANCE-.JANUARY 1 S138,003: $136,810 $147,022 $131,866 $131,866 S118,419 <br />EXCESS REVENUE OVER EXPENDITURES ($1,193) $10,212 ($15,156) (S15,122) ($13,447) ($20,577) <br />FUND BALANCE - DECEMBER 31 S136,810 $147.022 '$131,866 $116,744 $118,419 $97,842-25.89% <br />Page 42 of 50 <br />