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2015 2016 2017 2017 2018
<br /> Actual Actual Budget Estimated Budget
<br />REVENUE SUMMARY:
<br />Fire Equipment Replacement Levy 132,302$ 135,247$ 143,027$ 143,027$ 151,608$
<br />10% Gambling Tax 37,455 33,859 22,000 26,000 22,000
<br />Donations 52,000 58,000 20,000 47,142 -
<br />Sale of Equipment - - - 75,000 -
<br />Miscellaneous 56,421 33,240 27,720 32,350 33,000
<br />Interest 34,572 21,851 5,800 3,870 4,500
<br />Bond proceeds - - - - -
<br />Transfer in 482,888 - - - -
<br />TOTAL REVENUE 795,638$ 282,197$ 218,547$ 327,389$ 211,108$
<br />EXPENDITURE SUMMARY:
<br />Auditor 155$ 160$ 190$ 190$ 195$
<br />Canadian Days Fireworks 4,200 4,200 4,200 6,500 6,500
<br />IFL interest 12,070 11,260 12,000 10,000 9,000
<br />Engineer/Consultant/Attorney 294 - - - -
<br />Equipment costs - - - 675,770 -
<br />Project costs 1,918,769 - 115,000 - 129,000
<br />Paying Agent Fees/Issuance Costs - - - - -
<br />Transfer out 18,728 16,515 4,500 133,500 4,500
<br />TOTAL EXPENDITURES 1,954,216$ 32,135$ 135,890$ 825,960$ 149,195$
<br />
<br />NET INCREASE (DECREASE)(1,158,578)$ 250,062$ 82,657$ (498,571)$ 61,913$
<br />BEGINNING FUND BALANCE 2,546,874$ 1,388,296$ 1,638,358$ 1,653,888$ 1,155,317$
<br />ENDING FUND BALANCE 1,388,296$ 1,638,358$ 1,721,015$ 1,155,317$ 1,217,230$
<br />2015 2016 2017 2017 2018
<br />Actual Actual Budget Estimated Budget
<br />Revenues:
<br />10% Gambling Tax 37,455$ 33,859$ 22,000$ 26,000$ 22,000$
<br />Interest 2,247 2,346 800 800 800
<br />Total Revenue 39,702$ 36,205$ 22,800$ 26,800$ 22,800$
<br />Expenditures:
<br />Canadian Days Fireworks 4,200$ 4,200$ 4,200$ 6,500$ 6,500$
<br />Spooner Park Playground Equipment 115,000$ 129,000
<br />Operating Transfer-Park Staff Salaries (1)18,728$ 16,515$ 4,500$ 4,500$ 4,500
<br />Operating Transfer-Projects (2)- - - 129,000 -
<br />Total Expenditures 22,928$ 20,715$ 123,700$ 140,000$ 140,000$
<br />
<br />Net Increase (Decrease)16,774 15,490 (100,900) (113,200) (117,200)
<br />Beginning Fund Balance 69,280$ 86,054$ 101,544$ 101,544$ (11,656)$
<br />Ending Fund Balance 86,054$ 101,544$ 644$ (11,656)$ (128,856)$
<br />(2) Transfer to General Capital Improvement Fund to cover Park & Recreation projects
<br />CITY OF LITTLE CANADA
<br />OTHER CAPITAL PROJECT FUNDS
<br />BUDGET SUMMARY
<br />DETAILED OTHER CAPITAL PROJECT FUND BUDGETS
<br />10% FUND (Fund 408)
<br />(1) 50% of revenue transfer to general fund to offset parks and recrecation administration costs associated with youth programs pursuant to long standing
<br />practice.
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