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CITY OF GEM LAKE, MINNESOTA
<br />SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
<br />BUDGET AND ACTUAL
<br />GENERAL FUND
<br />YEAR ENDED DECEMBER 31, 2008
<br />Budgeted Amounts
<br />Actual
<br />Variance with
<br />Original Final
<br />Amounts
<br />Final Budget
<br />REVENUES
<br />Taxes
<br />$ 395,355 $ 395,355
<br />370,862
<br />$ (24,493)
<br />Intergovernmental
<br />10,313 10,313
<br />12,982
<br />2,669
<br />Licenses and Permits
<br />18,700 18,700
<br />25,108
<br />6,408
<br />Fines:and Forfeits
<br />- -
<br />2,255:
<br />2,M
<br />Public Charges. for Services
<br />4,000 4,000
<br />3;761
<br />(239)
<br />Miscellaneous:
<br />Interest
<br />4,236 4,236
<br />10,323:
<br />61087
<br />Other
<br />3,175 3,175
<br />17,069
<br />13;894
<br />Total Revenues
<br />435,779 435;779.
<br />442,360
<br />6,581
<br />EXPENDITURES
<br />General Government
<br />1.$3,213 1B3,213
<br />126:651
<br />.56,562
<br />Public Safety
<br />87;926 87,926.
<br />-921890
<br />(4.;964)
<br />Public Works
<br />52,500 52,500*
<br />3E,471
<br />i4;029
<br />Conservation and Development.
<br />87,140 87:14t7
<br />40966
<br />46,180
<br />Total:Expenditures
<br />.41.0,779 ; 410,779'
<br />29$.,9.72
<br />11.1,807
<br />n..
<br />EXCESS (DEFICIENCY) OF REVENUE
<br />OVER EXPENDITURES
<br />OTHER FINANCING SOURCES (USES)
<br />Transfers Out
<br />NET CHANGE IN FUND BALANCE
<br />Fund Balance - Beginning of Year
<br />FUND BALANCE - END OF YEAR
<br />25,ob0 25,000
<br />143,388 118,388
<br />(25;000) (25,000) _ (45,000) 4 20 0o0.
<br />$ - $ - 08,388 $- *98,388.
<br />See. aecomparrying Notes. to Required Supplementary Information.
<br />(27).
<br />174,263.
<br />$. 272,651
<br />
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