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VADNAIS LAKE AREA WATER MANAGEMENT ORGANIZATION
<br />REQUIRED SUPPLEMENTARY INFORMATION
<br />BUDGETARY COMPARISON SCHEDULE - GENERAL FUND
<br />For The Year Ended December 31, 2006
<br />Statement 6
<br />Revenues:
<br />Intergovernmental:
<br />Member assessments
<br />Grants
<br />Investment income
<br />Other
<br />Total revenues
<br />Budgeted Amounts
<br />Original Final
<br />Variance with
<br />Final Budget -
<br />2006 Actual Positive 2005 Actual
<br />Amounts (Negative) Amounts
<br />$177,400 $177,400 $177,400 $ - $66,118
<br />3,500 3,500 36,690 33,190 238,777
<br />500 500 104 (396) 192
<br />5,000 5,000 1,439 (3,561) 5,009
<br />186,400 186,400 215,633 29,233 310,096
<br />Expenditures:
<br />Projects 81,000 81,000 109,768 (28,768) 234,487
<br />Programs:
<br />Monitoring 10,000 10,000 776 9,224 1,215
<br />Maintenance 10,000 10,000 3,198 6,802 -
<br />General and administrative:
<br />Wages 59,568 59,568 53,880 5,688 44,019
<br />Payroll taxes and employee benefits 7,432 7,432 7,432 6,221
<br />Legal 1,500 1,500 2,465 (965) 326
<br />Accounting and auditing 4,000 4,000 3,907 93 3,325
<br />Contract services - - 265 (265) 868
<br />Information systems 3,500 3,500 946 2,554
<br />Insurance 2,700 2,700 2,562 138 2,544
<br />Office (supplies, postage, and rent) 4,000 4,000 4,048 (48) 1,925
<br />Staff training and expenses 700 700 1,175 (475) 1,190
<br />Telephone - 1,854 (1,854) 667
<br />Miscellaneous 2,000 2,000 3,654 (1,654) 5,294
<br />Total expenditures 186,400 186,400 195,930 (9,530) 302,081
<br />Revenues over expenditures $0 $0 19,703 $19,703 8,015
<br />Fund balance - January 1, as previously reported 37,311 147,574
<br />Prior period adjustment - (118,278)
<br />Fund balance - January 1, as restated 37,311 29,296
<br />Fund balances - ending $57,014 $37,311
<br />26
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