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2024
<br />2021 2022 2023 ORIGINAL 2024 BUDGET
<br />ACTUAL ACTUAL ACTUAL BUDGET RE-EST. 2025
<br />Revenues:
<br />Property Taxes 99,973 97,532 100,000 100,000 100,000 160,000
<br />Development Fee 1,500 - - - - -
<br />Interest on Notes 239 367 613 - - -
<br />Miscellaneous - 57,547 - - - -
<br />Total revenues 101,712 155,447 100,613 100,000 100,000 160,000
<br />Expenditures:
<br />Personnel services 149,195 155,857 166,885 181,850 181,850 154,630
<br />Materials & supplies - - - 350 350 200
<br />Other services & charges 28,073 36,987 34,298 43,024 43,024 44,705
<br />Loans/Subsidies 5,000 16,050 13,728 24,000 35,000 15,000
<br />Total expenditures 182,268 208,893 214,910 249,224 260,224 214,535
<br />Excess (deficit) of revenue
<br /> over expenditures (80,556) (53,447) (114,298) (149,224) (160,224) (54,535)
<br />Other financing sources (uses):
<br />Transfers in (out)
<br />General Fund 50,000 50,000 61,000 50,000 50,000 -
<br />TIF #5 89,690 91,484 83,197 86,402 86,402 90,470
<br />TIF #6 6,989 8,149 - 5,828 5,828 4,195
<br />TIF #7 - - - - - 5,795
<br />Net increase (decrease) in fund balance 66,123 96,186 29,899 (6,994) (17,994) 45,925
<br />Fund balance - January 1 1,237,489 1,303,612 1,399,798 1,429,697 1,429,697 1,411,703
<br />Fund balance - December 31 1,303,612 1,399,798 1,429,697 1,422,703 1,411,703 1,457,628
<br />Notes Receivable 36,282 71,943 74,450 74,450 109,450 159,450
<br />Land Held for Resale 1,686,978 265,272 575,854 845,286 847,233 1,197,233
<br />Other asset/liability items 315,173 23,435 21,208
<br />Cash balance (734,822) 1,039,149 758,185 502,968 455,021 100,946
<br />CITY OF MOUNDS VIEW
<br />EDA Fund (230)
<br />STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
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