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CITY OF MOUNDS VIEW <br /> Changes in Fund Balances of Governmental Funds <br /> Last Ten Fiscal Years <br /> (Modified Accrual Basis of Accounting) <br /> Fiscal Year <br /> 2016 2017 2018 2019 <br /> Revenues <br /> Taxes $ 6,676,733 $ 7,007,896 $ 7,495,877 $ 7,949,935 <br /> Special assessments 41,923 27,670 22,047 24,176 <br /> Licenses and permits 184,499 310,965 312,047 348,201 <br /> Intergovernmental 1,624,550 1,512,865 1,680,480 1,764,992 <br /> Charges for services 298,003 309,373 363,621 409,801 <br /> Fines and forfeits 35,683 43,837 52,531 66,410 <br /> Investment earnings(charges) 171,852 208,491 228,999 438,096 <br /> Miscellaneous 348,177 383,946 426,697 1,295,483 <br /> Total revenues 9,381,420 9,805,043 10,582,299 12,297,094 <br /> Expenditures <br /> General government 1,007,715 1,091,571 1,107,761 1,196,376 <br /> Public safety 3,136,469 3,235,510 3,460,743 3,847,558 <br /> Streets and highways 604,294 873,006 709,953 991,106 <br /> Sanitation 27,563 19,196 27,975 24,396 <br /> Culture and recreation 1,077,863 926,124 1,030,967 1,111,348 <br /> Economic development 1,906,076 2,059,441 2,215,355 2,313,899 <br /> Capital outlay 4,742,796 7,740,035 2,343,410 1,776,159 <br /> Debt service <br /> Principal 180,658 143,296 150,898 420,450 <br /> Interest and fiscal charges 43,733 106,489 268,709 215,646 <br /> Total expenditures 12,727,167 16,194,668 11,315,771 11,896,938 <br /> Excess(deficiency)of revenues <br /> over expenditures (3,345,747) (6,389,625) (733,472) 400,156 <br /> Other financing sources(uses) <br /> Transfers in 1,202,981 1,006,678 1,146,628 1,097,618 <br /> Transfers out (905,456) (901,098) (849,827) (875,563) <br /> Sale of assets - - - - <br /> Debt issued,net of premium/discount - 6,286,630 175,191 - <br /> Total other financing sources(uses) 297,525 6,392,210 471,992 222,055 <br /> Net change in fund balances $ (3,048,222) $ 2,585 $ (261,480) $ 622,211 <br /> Debt service as a percentage of noncapital <br /> expenditures 2.8% 3.0% 4.7% 6.3% <br /> -97- <br />