|
CITY OF MOUNDS VIEW
<br /> EDA Fund(230)
<br /> STATEMENT OF REVENUES,EXPENDITURES,AND CHANGES IN FUND BALANCE
<br /> 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 />
|