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CITY OF GEM LAKE, MINNESOTA
<br />2010 ADOPTED BUDGET
<br />302 2004IMPROVEMENT BONDS
<br />REVENUE BUDGET
<br />ACCT. 2005 2006 2007 2008 2009 2009
<br /># ACCOUNT DESCRIPTION ACTUAL ACTUAL ACTUAL ACTUAL ADOPTED PROJECTED
<br />2010
<br />CHANGE
<br />SPECIAL ASSESSMENTS
<br />36101 SPECIAL ASSESSMENTS
<br />$54,675
<br />$102,912
<br />$73,993
<br />$50,270
<br />$72,000
<br />$45,059
<br />$42,695
<br />-40.70%
<br />36102 DELINQUENT SPECIAL ASSESSMENTS
<br />0
<br />0
<br />0
<br />70
<br />0
<br />0
<br />36103 PENALTIES & INTEREST
<br />0
<br />0
<br />10
<br />17,736
<br />0
<br />18,023
<br />0
<br />14,638
<br />0.00%
<br />0.00%
<br />TOTAL FINES & FORFEITS
<br />$54,675
<br />$102,912
<br />$74,003
<br />$68,077
<br />$72,000
<br />$63,082
<br />$57,333
<br />-20.37%
<br />MISCELLANEOUS
<br />36210 INTEREST EARNINGS
<br />0
<br />0
<br />4,660
<br />1,373
<br />2,551I
<br />1,945
<br />1,945
<br />-23.76%
<br />39100 BOND PROCEEDS
<br />0
<br />0
<br />0
<br />0
<br />0',
<br />0
<br />0
<br />0.00%
<br />39200 TRANSFERS IN
<br />0
<br />101,945
<br />0
<br />0
<br />0'
<br />0
<br />0
<br />0.00%
<br />TOTAL MISCELLANEOUS
<br />$0
<br />$101,945
<br />$4,660
<br />$1,373
<br />$2,551'
<br />$1,945
<br />$1,945
<br />-23.76%
<br />TOTAL REVENUES
<br />$54,675
<br />$204,857
<br />$78,662
<br />$69,449
<br />$74,5511
<br />$65,027
<br />$59.278
<br />-20.49%
<br />EXPENDITURE BUDGET
<br />CAPITAL OUTLAY
<br />600
<br />BOND PRINCIPAL
<br />$0
<br />$24,480
<br />$50,327
<br />$52,207
<br />$54,156'1
<br />$54,156
<br />$56,179
<br />3.74%
<br />610
<br />BOND INTEREST
<br />16,141
<br />21,682
<br />20,315
<br />18,435
<br />16,486'
<br />16,486
<br />14,463
<br />-12.27%
<br />620
<br />FISCAL AGENT FEES
<br />38
<br />38
<br />0
<br />0
<br />50'
<br />0
<br />50
<br />0.00%
<br />720
<br />TRANSFERS OUT
<br />0
<br />94,039
<br />0
<br />0
<br />0'.
<br />0
<br />0
<br />0.00%
<br />TOTAL CAPITAL OUTLAY
<br />$16.179
<br />$140,239
<br />$70.642
<br />$70,642
<br />$70,691,
<br />$70,642
<br />$70,692
<br />0.00%
<br />TOTAL EXPENDITURES
<br />$16,179
<br />$140,239
<br />$70,642
<br />$70,642
<br />$70,692:
<br />$70,642
<br />$70 692
<br />0.00%
<br />FUND BALANCE -JANUARY1
<br />$26,869
<br />$65,365
<br />$129,983
<br />$138,003
<br />$136,8W
<br />$136,810
<br />$131,195
<br />-4.10%
<br />EXCESS REVENUE OVER EXPENDITURES
<br />$38,496
<br />$64,618
<br />$8,020
<br />($1,193)
<br />$3,8591
<br />($5,615)
<br />($11,414)
<br />-395.80%
<br />FUND BALANCE - DECEMBER 31
<br />$65,365
<br />$129,983
<br />$138,003
<br />$136,810
<br />$140,669I
<br />$131 195
<br />$119 781
<br />-14 85%
<br />(adopted November 17, 2009)
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