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CITY OF LITTLE CANADA
<br />OTHER CAPITAL PROJECT FUNDS
<br />BUDGET SUMMARY
<br />2012 2013 2014 2014 2015
<br />Actual Actual Budget Estimated Budget
<br />REVENUE SUMMARY:
<br />General Capital Improvement Levy $ - $ 112,647 $ 120,091 $ 120,090 $ 127,295
<br />10% Gambling Tax 20,569 13,711 9,000 11,290 9,000
<br />Park Charge Fee 5,201 2,268 8,700 15,400 8,800
<br />Donations 101,018 20,000 56,784 20,000
<br />Miscellaneous 12,752 - 16,200 31,200
<br />Interest 26,026 34,449 2.2,790 32,790 23,141
<br />Bond proceeds - 3,400,000 -
<br />Transfer in 672,833 - 500,000
<br />TOTAL REVENUE $ 51,796 $ 949,678 $ 180,581 $ 3,652,554 $ 719,436
<br />EXPENDITURE SUMMARY:
<br />Auditor $ 530 $ 530 $ 530 $ 530 $ 750
<br />Canadian Days Fireworks 4,000 4,000 4,000 4,000 4,000
<br />Land - - 120,000 - 120,000
<br />IFL interest - 9,467 12,400 12,000
<br />Engineer/Consultant/Attorney 1,410 2,711 - 2,500 -
<br />Project costs - - 2,000,000 1,900,000
<br />Paying Agent Fees/Issuance Costs - - - - 450
<br />Transfer out 10,117 5,659 4,500 4,500 4,500
<br />TOTAL EXPENDITURES $ 16,057 $ 22,367 $ 129,030 $ 2,023,930 $ 2,041,700
<br />NET INCREASE (DECREASE) $ 35,739 $ 927,311 $ 51,551 $ 1,628,624 $ (1,322,264)
<br />BEGINNING FUND BALANCE
<br />ENDING FUND BALANCE
<br />$ 966,006 8 1,001,745 $ 1,929,056 $ 1,929,056 $ 3,557,680
<br />1 001,745 $ 1,929,056 $ 1,980,607 $ 3,557,680 $ 2,235,416
<br />DETAILED OTHER CAPITAL PROJECT FUND BUDGETS
<br />10% FUND ()Fund 408)
<br />2012 2013 2014 2014 2015
<br />Actual Actual Budget Estimated Budget
<br />Revenues:
<br />10% Gambling Tax $ 20,569 $ 13,711 $ 9,000 $ 11,290 $ 9,000
<br />Interest 2,496 2,157 790 790 790
<br />Total Revenue $ 23,065 S 15,868 $ 9,790 $ _ _,.12,080 $ 9,790
<br />Expenditures:
<br />Canadian Days Fireworks $ 4,000 $ 4,000 $ 4,000 $ 4,000 $ 4,000
<br />Operating Transfer -Park Staff Salaries (1) 10,117 5,659 4,500 4,500 4,500
<br />Total Expenditures $ 14,117 8 9,659 $ _ 8,500 $ 8,500 $ 8,500
<br />Net Increase (Decrease) 8,948 6,209 1,290 3,580 1,290
<br />Beginning Fund Balance
<br />Ending Fund Balance
<br />$ 43,825 $ 52,773 $ 58,982 $ 58,982 $ 62,562
<br />$ 52 773 $ 58,982 $ 60,272 $ 62,562 $ 63,852
<br />(I) 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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