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CITY OF MOUNDS VIEW
<br />Statement of Revenues, Expenditures, and Changes in Fund Balances
<br />Budget and Actual (continued)
<br />General Fund
<br />Year Ended December 31, 2023
<br />Expenditures (continued)
<br />Current (continued)
<br />Economic development
<br />Community development
<br />Convention and visitors bureau
<br />Total economic development
<br />Total current expenditures
<br />Capital outlay
<br />Public safety
<br />Debt service
<br />Principal
<br />Interest and fiscal charges
<br />Total debt service
<br />Total expenditures
<br />Excess of revenues over expenditures
<br />Other financing sources (uses)
<br />Budgeted Amounts
<br />Original Final
<br />Actual
<br />Amounts
<br />Over (Under)
<br />Final Budget
<br />523,603
<br />606,293
<br />561,289
<br />(45,004)
<br />50,350
<br />50,350
<br />55,345
<br />4,995
<br />573,953
<br />656,643
<br />616,634
<br />(40,009)
<br />7,686,414
<br />8,022,734
<br />7,972,852
<br />(49,882)
<br />84,630
<br />84,630
<br />84,630
<br />—
<br />115,475
<br />115,475
<br />115,475
<br />—
<br />5,634
<br />5,634
<br />6,324
<br />690
<br />121,109
<br />121,109
<br />121,799
<br />690
<br />7,892,153
<br />8,228,473
<br />8,179,281
<br />(49,192)
<br />322,352
<br />226,732
<br />1,446,694
<br />1,219,962
<br />Transfers in
<br />220,648
<br />193,648
<br />193,648 —
<br />Transfers out
<br />(2,275,000)
<br />(3,241,620)
<br />(3,241,620) —
<br />Total other financing sources (uses)
<br />(2,054,352)
<br />(3,047,972)
<br />(3,047,972) —
<br />Net change in fund balances
<br />$ (1,732,000)
<br />$ (2,821,240)
<br />(1,601,278) $ 1,219,962
<br />Fund balances
<br />Beginning of year
<br />End of year
<br />10,152,628
<br />$ 8,551,350
<br />See notes to basic financial statements -26-
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