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Community Development Fund Summary <br />�� The following table depicts the 2012 financial activity for the Community Development Fund for the fiscal <br />�� period ending September 30, 2012 (unaudited). <br />Revenues <br />Licenses & permits <br />Charges for services <br />Fines and forfeits <br />Interest earnings <br />Miscellaneous <br />Total Revenues <br />2012 2012 % % <br />Bud�et Actual Actual Expect• Diff. <br />$ 961,049 $ 887,447 92.3% 69.9% 22.4% <br />131,000 73,554 56.1 % n/a n/a <br />- 234 n/a n/a n/a <br />- - 0.0% 0.0% 0.0% <br />28,150 170,610 606.1% 271.6% 334.5% <br />$ 1,120,199 $ 1,131,844 101.0% 87.1% 14.0% <br />Expenditures <br />Community Development 1,051,535 923,784 87.9% 87.3% 0.6% <br />Other - - n/a n/a n/a <br />Total Expenditures $ 1,051,535 $ 923,784 87.9% 87.3% 0.6% <br />Comments: <br />Community Developmen� Fund revenues are higher than eXpected due to added construction ac�ivity. <br />Miscellaneous revenues are higher due to the receipt of a Livable Communities grant from the Met Council. <br />The Community Development Fund is currently in fair financial condition with $163,000 in cash reserves <br />or I 1% of the annual operating budget. Based on current trends, it appears that a small surplus could be <br />realized in 2012. <br />Page 7 of 13 <br />