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28
<br /> Honorable Mayor and Members of the City Council
<br /> ® City of St. Anthony, Minnesota
<br /> Financial Summary, continued
<br /> A summary, of significant activities of these fund categories follows:
<br /> General Fund
<br /> The fund balance of the General Fund at December 31, 2000 is $976,523, which repre-
<br /> sents an increase of 12.15% from the prior year's fund balance. For the year ended
<br /> December 31, 2000, revenues exceeded expenditures by $105,815. Below is a con-
<br /> densed summary of revenues and expenditures compared to the budget for 2000.
<br /> Budget Actual
<br /> Revenues
<br /> General Property Taxes $1,647,970 $1,648,606
<br /> Licenses and Permits 95,400 115,812
<br /> Intergovernmental Revenues 713,757 804,463
<br /> Charges for Current Services 558,323 557,574
<br /> Other Revenues 172,000 241,511
<br /> Transfers In 340,000 104,735
<br /> ------------ ------------
<br /> 3,527,450 .3,472,701
<br /> Expenditures
<br /> General Government 680,850 599,089
<br /> Public Safety 1,601,527 1,587,660
<br /> Public Works 538,100 467,877
<br /> Park Maintenance 81,800 81,567
<br /> Other Services 550,173 555,693
<br /> Transfers Out 75,000 75,000
<br /> ------------ ------------
<br /> 3,527,450 3,366,886
<br /> ------------ ------------
<br /> Excess of Revenues Over Expenditures $ - $105,815
<br /> - ------------ ------------
<br /> Revenues and transfers of $3,472,701 were less than budgeted estimates by approxi-
<br /> mately $55,000 due to a budget transfer of $250,000 not deemed necessary by City
<br /> management. Increases in revenues are attributed to intergovernmental revenues
<br /> (state aids) and other revenues (franchise fees and insurance dividends) and offset
<br /> the amount not transferred.
<br /> Actual expenditures and transfers of $3,366,886 were approximately 95.45% of budgeted
<br /> amounts. Although total expenditures (not including transfers) increased by nearly
<br /> $216,000 compared to the prior year, all City departments experienced favorable vari-
<br /> ances when actual expenditures were compared to budgeted estimates for the 2000.
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