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VADNAIS LAKE AREA WATER MANAGEMENT ORGANIZATION
<br />VADNAIS HEIGHTS, MINNESOTA
<br />STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCES -
<br />BUDGET AND ACTUAL
<br />GENERAL, EURASIAN MILFOIL AND SAVE THE LAKE FUNDS
<br />YEAR ENDED DECEMBER 31, 2009
<br />(With comparative actual amounts for the year ended December 31, 2008)
<br />REVENUES
<br />Charges for services
<br />Intergovernmental
<br />Grants
<br />Interest on investments
<br />Miscellaneous
<br />TOTAL REVENUES
<br />2009 2008
<br />Variance with
<br />Budgeted Amounts Final Budget
<br />Actual Positive Actual
<br />Original Final Amounts (Negative) Amounts
<br />$ 380,184 $ 380,184 $ 377,260 $ (2,924) $ 406,757
<br />59,480 59,480 6,423
<br />2,000 2,000 1,225 (775) 6,302
<br />4,000 4,000 1,539 (2,461) 529
<br />386,184 386,184 439,504 53,320 420,011
<br />EXPENDITURES
<br />Projects 120,000 110,500 126,437 (15,937) 28,264
<br />Programs
<br />Monitoring 14,000 14,000 21,121 (7,121) 23,617
<br />Maintenance 47,609 35,609 26,333 9,276 31,718
<br />General and administrative
<br />Wages 108,075 108,075 112,412 (4,337) 103,276
<br />Payroll taxes and employee benefits 33,200 41,821 29,871 11,950 20,737
<br />Legal 4,000 4,000 4,332 (332) -
<br />Professional services 33,000 49,879 47,186 2,693 24,254
<br />Information systems 4,500 4,500 4,343 157 10,727
<br />Insurance 3,400 3,400 3,605 (205) 2,892
<br />Office (supplies, postage, and rent) 9,000 5,000 8,788 (3,788) 6,057
<br />Staff training and expenses 1,500 1,500 1,556 (56) 939
<br />Telephone - - 1,175 (1,175) 300
<br />Miscellaneous 8,500 8,500 8,193 307 2,429
<br />TOTAL EXPENDITURES 386,784 386,784 395,352 (8,568) 255,210
<br />EXCESS (DEFICIENCY) OF REVENUES
<br />OVER (UNDER) EXPENDITURES
<br />FUND BALANCES, JANUARY 1
<br />(600) (600) 44,152 44,752 164,801
<br />210,267 210,267 210,267 45,466
<br />FUND BALANCES, DECEMBER 31 $ 209,667 $ 209,667 $ 254.419 $ 44,752 $ 210,267
<br />The notes to the financial statements are an integral part of this statement.
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