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CITY OF GEM LAKE, MINNESOTA
<br />SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGE IN FUND BALANCE
<br />BUDGET AND ACTUAL
<br />GENERAL FUND
<br />YEAR ENDED DECEMBER 31, 2018
<br />
<br />
<br />
<br />See accompanying Note to Required Supplementary Information.
<br />(29)
<br />
<br />Budgeted Amounts
<br />Actual Variance with
<br />Original Final Amounts Final Budget
<br />REVENUES
<br />Taxes 369,252$ 369,252$ 379,124$ 9,872$
<br />Special Assessment - - 868 868
<br />Intergovernmental 8,500 8,500 15,817 7,317
<br />Licenses and Permits 31,275 31,275 50,362 19,087
<br />Fines and Forfeits 3,000 3,000 1,145 (1,855)
<br />Public Charges for Services 3,725 3,725 48,650 44,925
<br />Miscellaneous:
<br />Interest 1,995 1,995 2,504 509
<br />Other 5,500 5,500 19,143 13,643
<br />Total Revenues 423,247 423,247 517,613 94,366
<br />EXPENDITURES
<br />General Government 156,297 156,297 148,709 7,588
<br />Public Safety 81,750 81,750 80,122 1,628
<br />Public Works 51,300 51,300 71,983 (20,683)
<br />Conservation and Development 113,900 113,900 131,025 (17,125)
<br />Total Expenditures 403,247 403,247 431,839 (28,592)
<br />OTHER FINANCING USES
<br />Transfers Out - (20,000) (20,000) -
<br />NET CHANGE IN FUND BALANCE 20,000$ -$ 65,774 65,774$
<br />Fund Balance - Beginning of Year 329,141
<br />FUND BALANCE - END OF YEAR 394,915$
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