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6.1. SR 06-06-2016
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6.1. SR 06-06-2016
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6/6/2016
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The 2015 General fund operations are summarized as follows: <br />Revenues <br />Expenditures <br />Deficiency of revenues under expenditures <br />Other financing sources (uses) <br />Transfers in <br />Transfers out <br />Total other financing sources (uses) <br />Final <br />Budgeted Actual Variance with <br />Amounts Amounts Final Budget <br />$ 11,748,550 $ 11,819,999 $ 71,449 <br />(1,433,500) (1,032,304) 401,196 <br />1,684,650 <br />1,684,650 - <br />(251,150) <br />(251,150) - <br />1,433,500 <br />1,433,500 - <br />Net change in fund balances - 401,196 401,196 <br />Fund balances, January 1 6,163,602 6,163,602 - <br />Fund balances, December 31 $ 6,163,602 $ 6,564,798 $ 401,196 <br />The City amended the General fund budget during the year. The amendment resulted in an increase of revenues ($120,400) and <br />expenditures ($120,400). The final budget called for a net zero change in fund balance. Actual change in fund balance was an <br />increase of $401,196. Overall actual results were very close to final budgeted amounts with both revenues and expenditures have <br />a total variance of less than 3 percent. <br />The largest line item variance was within public safety which was under budget by $235,129. <br />People <br />1 n_ - <br />----o dthe <br />-6- Ntuiibers <br />
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