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Honorable Mayor and Members of the City Council
<br /> City of St. Anthony, Minnesota
<br /> Financial Summary, continued
<br /> General Fund
<br /> The fund balance of the General Fund at December 31 , 1999 is $993,405, which repre-
<br /> sents an increase of 32.509 of the prior year's fund balance. For the year ending
<br /> December 31 , 1999, revenues exceeded expenditures by $244,158. Below is a con-
<br /> densed summary of revenues and expenditures compared to the budget for 1999.
<br /> Budget Actual
<br /> Revenues
<br /> General Property Taxes $1 ,617, 147 $1 ,623,024
<br /> Licenses and Permits 88,000 110,457
<br /> Intergovernmental Revenues 669,872 778,524
<br /> Charges for Current Services 537,976 536, 171
<br /> Fines and Forfeitures 100,000 100,647
<br /> Other Revenues 68,000 159,990
<br /> Transfers In 281 ,305 86,340
<br /> ------------- -------------
<br /> 3,362,300 3,395, 153
<br /> ------------- -------------
<br /> Expenditures
<br /> General Government 693,000 577,894
<br /> Public Safety 1 ,963,500 1 ,927,205
<br /> Public Works 551 ,900 458,265
<br /> Park Maintenance 78,900 69,623
<br /> Other 43,008
<br /> Transfers Out 75,000 75,000
<br /> ------------- -------------
<br /> 3,362,300 3, 150,995
<br /> ------------- -------------
<br /> Excess of Revenues Over Expenditures $ - $244,158
<br /> ------------- -------------
<br /> ------------- -------------
<br /> Revenues. and transfers of $3,395, 153 exceeded budgeted estimates by $32,853, attri-
<br /> buted to intergovernmental revenues (state aids) and other revenues (franchise
<br /> fees and insurance dividends) offset by reduction of transfers in of 194,965.
<br /> Actual expenditures and transfers of $3, 150,995 were less than budgeted estimates
<br /> by $211 ,305, with favorable variances occurring in all departments.
<br /> The surplus in the General Fund was achieved without the benefit of making budgeted
<br /> transfers of $216,205; although budgeted., it was determined these transfers
<br /> were not required and accordingly were not made. These resources were subse-
<br /> quently committed to the General Fund budget for 2000. If it is determined these
<br /> funds ($250,000) are not required in year 2000, these transfers could be reviewed
<br /> by the Council to determine the potential usage of these funds in 2001 .
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