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Original and Over (Under)
<br />Final Budget Actual Final Budget
<br />Revenue
<br />Taxes
<br />Property taxes 470,928$ 461,648$ (9,280)$
<br />Franchise fees 6,000 19,368 13,368
<br />Special assessments – 589 589
<br />Intergovernmental 8,000 18,573 10,573
<br />Licenses and permits 25,950 35,072 9,122
<br />Fines and forfeitures 500 970 470
<br />Charges for services 3,400 3,942 542
<br />Investment earnings (charges)5,000 (8,246) (13,246)
<br />Facility rental 3,000 5,184 2,184
<br />Miscellaneous 500 4,580 4,080
<br />Total revenue 523,278 541,680 18,402
<br />Expenditures
<br />Current
<br />General government 203,257 233,886 30,629
<br />Public safety 124,943 120,607 (4,336)
<br />Public works 106,978 35,642 (71,336)
<br />Conservation and development 64,100 70,825 6,725
<br />Capital outlay 4,000 3,709 (291)
<br />Total expenditures 503,278 464,669 (38,609)
<br />Excess of revenues over expenditures 20,000 77,011 57,011
<br />Other financing (uses)
<br />Transfers (out)(20,000) (20,000) –
<br />Net change in fund balances –$ 57,011 57,011$
<br />Fund balances
<br />Beginning of year 253,845
<br />End of year 310,856$
<br />CITY OF GEM LAKE
<br />General Fund
<br />Statement of Revenue, Expenditures, and Changes in Fund Balances – Budget and Actual
<br />Year Ended December 31, 2022
<br />See notes to basic financial statements -14-
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