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Original and Over (Under)
<br />Final Budget Actual Final Budget
<br />Revenue
<br />Taxes
<br />Property taxes 584,697$ 581,281$ (3,416)$
<br />Franchise fees 6,500 9,299 2,799
<br />Special assessments – 828 828
<br />Intergovernmental 8,012 79,647 71,635
<br />Licenses and permits 29,500 24,208 (5,292)
<br />Fines and forfeitures 600 902 302
<br />Charges for services 1,950 5,329 3,379
<br />Investment earnings 3,000 11,146 8,146
<br />Facility rental 5,000 4,664 (336)
<br />Miscellaneous 300 610 310
<br />Total revenue 639,559 717,914 78,355
<br />Expenditures
<br />Current
<br />General government 246,319 198,546 (47,773)
<br />Public safety 149,825 146,518 (3,307)
<br />Public works 104,620 47,128 (57,492)
<br />Conservation and development 80,250 71,894 (8,356)
<br />Capital outlay 75,815 33,273 (42,542)
<br />Total expenditures 656,829 497,359 (159,470)
<br />Excess (deficiency) of revenues over expenditures (17,270) 220,555 237,825
<br />Other financing (uses)
<br />Transfers (out)(20,000) (20,000) –
<br />Net change in fund balances (37,270)$ 200,555 237,825$
<br />Fund balances
<br />Beginning of year 310,856
<br />End of year 511,411$
<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, 2023
<br />See notes to basic financial statements -14-
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