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CITY OF GEM LAKE, MINNESO.TA <br />2011 ADOPTED BUDGET <br />302. 2004 IMPROVEMENT BONDS <br />REVENUE BUDGET. <br />1111612010 <br />ACCT, <br />2007 <br />2008 <br />.2009 <br />2610 <br />2010 <br />2011 <br /># ACCOUNTDESCRIPTION <br />ACTUAL <br />ACTUAL <br />ACTUAL <br />BUDGET <br />PROJECTED <br />ADOPTED. <br />CHANGE <br />SPECIAL ASSESSMENTS <br />36101 SPECIALAS$ESSMENT5 <br />.573,993 <br />$50:m <br />$83;581 <br />$42.695 <br />$43,379 <br />$43379 <br />1.bm <br />36102 DELINOUFNT SPECIAL ASSESSMENTS <br />.0 <br />70 <br />106 <br />0 <br />0 <br />0 <br />0.00% <br />36163 PENALT I ES. A. fNTER EST <br />10 <br />17.736 <br />15,199 <br />14,638 <br />13;014 <br />10M5 <br />-25-92% <br />TOTAL.FINES.& FORPEITS <br />$74,0.03 <br />$69.077 <br />$7$,887 <br />$57,333 <br />$66,393 <br />$64.224 <br />-5A2% <br />MISCELLANEL7U5 <br />362:10: 1NTEREST EARNINGS <br />4,660 <br />1,373. <br />1,968 <br />1,945 <br />1;917 <br />1.346 <br />-30Y8% <br />39100 B0ND PROCEEDS <br />0 <br />0 <br />0 <br />0 <br />0 <br />❑ <br />0.00% <br />39200 TRANSFERS IN <br />0 <br />0 <br />0 <br />0 <br />0 <br />0 <br />0.00% <br />TOTAL MISCELLANEOUS <br />54,660 <br />$1.373 <br />51,968 <br />$1,M <br />51,917 <br />$1,346 <br />-30.70% <br />TOTAL REVENUES 578,682 s6b,449 $80.654 S59,278 558,310 S55570 -6.26 % <br />EXPENDITURE BUDGET <br />CAPITAL OUTLAY <br />600 <br />BONDPRINCIPAL <br />$60,327 <br />S82,207 <br />$54,156 <br />S56:179 <br />55un <br />558,276 <br />3.73% <br />6.70. <br />BOND INTEREST <br />20.315 <br />18;435 <br />16;486. <br />14,463 <br />14,4a3 <br />12;366 <br />-14.50110 <br />620 <br />FISCAL: AGENT FEES <br />a <br />0 <br />0 <br />50 <br />50 <br />50 <br />0.00% <br />720 <br />TRANSFERS OUT <br />0 <br />0 <br />0 <br />0 <br />0 <br />.0 <br />u09L <br />TOTAL CAPITAL OUTLAY <br />$70,642 <br />$70,642 <br />570,642 <br />$70.692 <br />S70,692 <br />$70,592 <br />0.0014 <br />TOTAL EXPENDITURES S70,642 570,642 $70,642 $70,692 ST0,692 $7.0,692 0.00% <br />FUND BALANCE -JANUARY1 $129,983 $138,003 $136,810 $147,022 S147.022 $134.640 <br />EXCESS kEVENUE .OVER EXPENDITURES. SS;026 (S1,193) $10,212 ($11;414) ($12,382) (515;122) <br />FUND BALANCE - DEGEMBER 31 $138,003 S136,810. 5147,022 S135,608 $134,640 $119,517-11.87% <br />(adapted November 16 ,2010) <br />Pige.24 <br />