2018 04-17 CC PACKET - Laserfiche WebLink

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Expenditures by Department 300,600-0© 250,000,00 * .201.6 Budget * 2016 Actual r 2017:BUdget im 2017 Actual overall, the. General Fund finished the. year in good shape. SPECIAL REVENUE FUNDS The City's only Special Revenue Fund is the Parks and Playgrounds Fund, which has had only interest earnings of .$287.82 for the year. This fund now. has a cash balance of $39,754.40, which can be used for the development of parks and trails in the City. DEBT SERVICE FUNDS All scheduled debt payments totaling $79,488.00 were paid.. Funding comes from property taxes and special assessments. The City now has total debt outstanding of $716.000.00, with a: scheduled February 1., 2018. principal payment: of $00,000.00 and interest of $8,665.00 due. CAPITAL. PROJECT FUNDS The largest revenue source for the Capital Project Funds are the. special assessment collections for the. waterline extension in the.amount of $37,474,41. The only other revenue. source is interest earnings. The expenditures in 2017 is for costs related to extending water and sanitary sewer further down Schuneman. Road and reconstructing the street. For 2017 the City.spent $19,763.17 for this project. ENTERPRISE FUNDS The City's. only Enterprise Fund is the Sewer Enterprise Fund. Revenues are above last year revenues and are just over 107.8% of budgeted revenues. Revenues totaled. $61,579.93 for the year compared to $49,237.50 last year. The City coiiected more SAC.. charges in 2017 ($10,455.00) compared to 2016 ($3,485.00) and commercial sewer charges increased from: $24,606.81 to. $33,395.21. Expenses for the. yearare above last year's expenses, but are. only 87.8% of budgeted expenditures.. The. main expense is the M.C.E.S. charges for sanitary sewer treatment, The City has a budget of $27,805.00.and paid $32,43.7.86 for this line item.