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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, 2019
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<br /> (29)
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<br />Budgeted Amounts
<br />Actual Variance with
<br />Original Final Amounts Final Budget
<br />REVENUES
<br />Taxes 385,088$ 385,088$ 370,729$ (14,359)$
<br />Special Assessments - - 385 385
<br />Intergovernmental 29,135 29,135 16,759 (12,376)
<br />Licenses and Permits 36,050 36,050 96,742 60,692
<br />Fines and Forfeits 2,000 2,000 1,769 (231)
<br />Public Charges for Services 5,700 5,700 21,817 16,117
<br />Miscellaneous:
<br />Interest 2,000 2,000 11,698 9,698
<br />Other 4,900 4,900 6,737 1,837
<br />Total Revenues 464,873 464,873 526,636 61,763
<br />EXPENDITURES
<br />General Government 176,304 176,304 151,038 25,266
<br />Public Safety 95,825 95,825 85,725 10,100
<br />Public Works 77,769 77,769 54,687 23,082
<br />Conservation and Development 64,725 64,725 79,091 (14,366)
<br />Capital Outlay - - 5,493 (5,493)
<br />Total Expenditures 414,623 414,623 376,034 38,589
<br />EXCESS OF REVENUE
<br /> OVER (UNDER) EXPENDITURES 50,250 50,250 150,602 100,352
<br />OTHER FINANCING USES
<br />Transfers Out - (50,250) (50,250) -
<br />NET CHANGE IN FUND BALANCE 50,250$ -$ 100,352 100,352$
<br />Fund Balance - Beginning of Year 394,915
<br />FUND BALANCE - END OF YEAR 495,267$
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<br />See accompanying Note to Required Supplementary information.
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