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their budgets after the 15 <br />t quarter is public safety, which is due to having already paid for 4 <br />months of service. <br />The good news is that the general government and public works departments are well under <br />their budgets through the first quarter and as you can see from the chart below these two <br />departments are below actual expenditure for last year at this time. As the summer months <br />progress street maintenance expenditures will replace snow removal, which is generally less <br />costly. <br />Expenditures :-y De-artment <br />i S.lk;i).W <br />301.000.00 <br />■ ?014 ii!.—dgat <br />2 5.OG0.00 <br />■ 1.014 Act,<al <br />20.000.00 2015 5uc1 et <br />1`�,lX)O.CU ■ )01 S Actual <br />1 U.[Y. )i►. tX) <br />S,t)Ui).[ '.) <br />o.00 <br />era c,n:arnm�n' F'ul lic Safety Puhlic Works <br />Overall the General Fund appears to be in good shape through the first quarter of the year. If <br />revenues and expenditures follow previous year collections and expenditure patters revenues <br />should finish the year above or near budget amounts while expenditures finish below budgeted <br />amounts. <br />SPECIAL REVENUE FUNDS <br />The City's only Special Revenue Fund is the Parks and Playgrounds Fund, which has had no <br />activity through the first quarter. <br />DEBT SERVICE FUNDS <br />On February 1st the City paid its 2015 debt obligations of $15,000.00 in principal and $16,327.50 <br />of interest. The City now has $745,000.00 in outstanding debt. The next scheduled debt <br />payment is the interest only payment of $16,027.50 due August 1st. Funding comes from <br />property taxes and special assessments, which the City will receive with the first half 2015 <br />property tax settlement in July, which is why there is no revenue activity for the year. <br />