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CITY OF ELK RIVER, MINNESOTA
<br />GENERALFUND
<br />STATEMENT OF REVENUES, EXPENDITURES,
<br />AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
<br />YEAR ENDED DECEMBER 31, 2011
<br />The notes to the financial statements are an integral part of this statement.
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<br />Budget
<br />Variance with
<br />Original
<br />Final
<br />Actual
<br />Final Budget
<br />REVENUES
<br />Taxes:
<br />Property taxes
<br />$ 9,537,400
<br />$ 9,537,400
<br />$ 9,577,099
<br />$ 39,699
<br />Othertaxes
<br />75,000
<br />75,000
<br />83,748
<br />8,748
<br />Licenses and permits
<br />252,700
<br />407,700
<br />432,875
<br />25,175
<br />Intergovernmental revenue
<br />528,050
<br />528,050
<br />535,084
<br />7,034
<br />Charges for services
<br />658,100
<br />658,I00
<br />594,877
<br />(63,223)
<br />Fines and forfeits
<br />I30,000
<br />130,000
<br />126,832
<br />(3,168)
<br />Interest income
<br />120,000
<br />120,000
<br />91,696
<br />(28,304)
<br />Miscellaneous revenue:
<br />Refunds and reimbursements
<br />65,000
<br />65,000
<br />79,219
<br />14,219
<br />Other
<br />27,700
<br />27,700
<br />27,217
<br />(483)
<br />Total revenues
<br />11,393,950
<br />11,548,950
<br />11,548,647
<br />(303)
<br />EXPENDITURES
<br />Current:
<br />General government
<br />2,606,650
<br />2,696,650
<br />2,536,399
<br />160,251
<br />Public safety
<br />5,493,550
<br />5,493,550
<br />5,255,608
<br />237,942
<br />Public works
<br />2,117,100
<br />2,117,100
<br />2,062,508
<br />54,592
<br />Culture and recreation
<br />1,693,800
<br />1,693,800
<br />1,655,757
<br />38,043
<br />Capital outlay:
<br />General government
<br />30,900
<br />30,900
<br />18,771
<br />12,129
<br />Public safety
<br />102,850
<br />102,850
<br />100,791
<br />2,059
<br />Total expenditures
<br />12,044,850
<br />12,134,850
<br />11,629,834
<br />505,016
<br />Excess (deficiency) of revenues
<br />over(under)expenditures
<br />(650,900)
<br />(585,900)
<br />(81,187)
<br />504,713
<br />OTHER FINANCING SOURCES (USES)
<br />Transfers in
<br />769,500
<br />769,500
<br />769,500
<br />-
<br />Transfers out
<br />(455,200)
<br />(455,200)
<br />(397,166)
<br />58,034
<br />Total other financing sources (uses)
<br />314,300
<br />314,300
<br />372,334
<br />58,034
<br />Net change in fund balance
<br />(336,600)
<br />(271,600)
<br />291,147
<br />562,747
<br />Fund balance - January 1
<br />6,006,465
<br />6,006,465
<br />6,006,465
<br />-
<br />Fund balance - December 31
<br />$ 5,669,865
<br />$ 5,734,865
<br />$ 6,297,612
<br />$ 562,747
<br />The notes to the financial statements are an integral part of this statement.
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