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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 FUND
<br />FOR THE YEAR ENDED DECEMBER 31, 2013
<br />(With comparative actual amounts for the year ended December 31, 2012)
<br />2013 2012
<br />Budgeted Amounts Actual Variance with Actual
<br />Original Final Amounts Final Budget Amounts
<br />REVENUES
<br />Charges for services $ 436,074 $ 436,074 $ 443,422 $ 7,348 $ 436,501
<br />Intergovernmental
<br />Grants 5,000 5,000 140,154 135,154 86,426
<br />Interest on investments 300 300 99 (201) 90
<br />Miscellaneous 500 500 1,995 1,495 2,650
<br />TOTAL REVENUES
<br />441,874 441,874 585,670 143,796 525,667_
<br />EXPENDITURES
<br />General and administrative
<br />Wages 202,000 202,000 175,676 26,324 179,443
<br />Payroll taxes and employee benefits 47,000 47,000 46,739 261 40,148
<br />Legal 3,000 3,000 707 2,293 -
<br />Professional services 21,300 29,300 37,599 (8,299) 11,800
<br />Information systems 14,600 14,600 9,304 5,296 6,056
<br />Insurance 4,150 4,150 4,517 (367) 4,023
<br />Office 18,900 18,900 16,489 2,411 17,127
<br />Staff training 2,700 3,000 2,871 129 1,177
<br />Telephone - 1,980 (1,980) 1,920
<br />Miscellaneous 7,500 7,500 4,712 2,788 4,995
<br />Programs
<br />Monitoring 38,500 40,500 34,080 6,420 27,732
<br />Maintenance 42,224 48,724 21,518 27,206 20,937
<br />Projects 140,000 297,000 177,404 119,596 116,852
<br />TOTAL EXPENDITURES
<br />EXCESS (DEFICIENCY) OF REVENUES
<br />OVER (UNDER) EXPENDITURES
<br />FUND BALANCES, JANUARY 1
<br />541,874 715,674 533,596 182,078 432,210
<br />(100,000) (273,800) 52,074 325,874 93,457
<br />474,533 474,533 474,533 381,076
<br />FUND BALANCES, DECEMBER 31 $ 374,533 $ 200,733 $ 526,607 $ 325,874 $ 474,533
<br />The notes to the financial statements are an integral part of this statement.
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