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Community Development Fund Summary <br />113 <br />The following table depicts the 2012 financial activity for the Community Development Fund for the fiscal <br />114 <br />period ending June 30, 2012 (unaudited). <br />115 <br />116 <br />20122012%% <br />BudgetActualActualExpect.Diff. <br />Revenues <br />Licenses & permits1,120,199$ 559,955$ 50.0%42.3%7.7% <br />Charges for services- 61,583 n/an/an/a <br />Fines and forfeits- 34 n/an/an/a <br />Interest earnings- - 0.0%0.0%0.0% <br />Miscellaneous- 48,789 0.0%0.0%0.0% <br />Total Revenues$ 670,3611,120,199$ 59.8%46.7%13.2% <br />Expenditures <br />Community development1,051,535 556,693 52.9%49.8%3.1% <br />Other- - n/an/an/a <br />Total Expenditures$ 556,6931,051,535$ 52.9%49.8%3.1% <br />117 <br />118 <br />Comments: <br />119 <br />Community Development Fund revenues are higher than expected due to the receipt of a Livable <br />120 <br />Communities grant from the Met Council. <br />121 <br />122 <br />The Community Development Fund is currently in fair financial condition with $163,000 in cash reserves <br />123 <br />or 11% of the annual operating budget. <br />124 <br />125 <br />126 <br />Page 7 of 13 <br /> <br />