|
CITY OF HUGO, MINNESOTA
<br />CHANGES IN FUND BALANCES, GOVERNMENTAL FUNDS
<br />LAST FISCAL TEN YEARS
<br />(Modified Accrual Basis of Accounting)
<br />2015 2014 2013 2012 2011
<br />Revenues
<br />Property taxes
<br />$ 5,969,315
<br />$ 5,180,422
<br />$ 5,005,479
<br />$ 5,318,041
<br />$ 5,223,887
<br />Special assessments
<br />932,172
<br />345,508
<br />290,505
<br />406,071
<br />624,953
<br />Licenses and permits
<br />297,071
<br />248,642
<br />213,255
<br />302,752
<br />167,373
<br />Intergovernmental revenues
<br />1,315,406
<br />1,206,757
<br />1,003,735
<br />769,373
<br />792,938
<br />Charges for services
<br />207,890
<br />248,497
<br />145,558
<br />159,122
<br />120,308
<br />Court fines
<br />41,554
<br />36,835
<br />31,477
<br />39,092
<br />50,068
<br />Other Revenue
<br />Investment earnings
<br />63,745
<br />97,122
<br />123,271
<br />117,355
<br />173,782
<br />Net change in the fair value of investments
<br />14,946
<br />165,934
<br />(249,734)
<br />Developer fees
<br />404,041
<br />Land sales
<br />Rent
<br />24,540
<br />31,976
<br />19,525
<br />16,765
<br />24,364
<br />Insurance settlement
<br />Miscellaneous
<br />236,603
<br />326,104
<br />240,127
<br />202,573
<br />204,763
<br />Total Revenues
<br />9,103,242
<br />8,291,838
<br />6,823,198
<br />7,331,144
<br />7,382,436
<br />EXPENDITURES
<br />General government
<br />979,788
<br />986,220
<br />973,069
<br />958,965
<br />900,935
<br />Public safety
<br />1,571,184
<br />1,420,115
<br />1,375,303
<br />1,355,607
<br />1,333,944
<br />Highways and streets
<br />1,204,844
<br />1,204,207
<br />1,199,078
<br />1,157,640
<br />1,166,248
<br />Community development
<br />43,498
<br />20,345
<br />17,515
<br />22,797
<br />181,021
<br />Parks
<br />337,316
<br />349,113
<br />321,655
<br />317,301
<br />297,422
<br />Unallocated
<br />137,210
<br />124,799
<br />134,590
<br />104,377
<br />119,753
<br />Debt service
<br />Bond principal retirement
<br />7,070,000
<br />1,570,000
<br />1,515,000
<br />1,260,000
<br />1,120,000
<br />Interest on bonds
<br />272,283
<br />450,981
<br />430,069
<br />463,374
<br />476,157
<br />Miscellaneous
<br />Fiscal charges
<br />11,975
<br />5,776
<br />9,102
<br />48,967
<br />52,333
<br />Issuance costs
<br />59,468
<br />Advance refunding escrow
<br />Capital outlay
<br />2,011,111
<br />2,135,570
<br />855,610
<br />1,403,591
<br />1,575,007
<br />Total Expenditures
<br />13,639,209
<br />8,267,126
<br />6,890,459
<br />7,092,619
<br />7,222,820
<br />Excess (deficiency) of revenues
<br />over (under) expenditures
<br />(4,535,967)
<br />24,712
<br />(67,261)
<br />238,525
<br />159,616
<br />OTHER FINANCING
<br />SOURCES (USES)
<br />Issuance of debt
<br />5,835,000
<br />1,325,000
<br />Premium (Discount) on issuance
<br />of debt
<br />(27,716)
<br />5,185
<br />Payment to bond escrow agent
<br />Sale of property
<br />1,655
<br />7,725
<br />9,600
<br />Transfers in
<br />959,688
<br />1,029,021
<br />518,621
<br />2,076,262
<br />705,068
<br />Transfers out
<br />(851,849)
<br />(920,742)
<br />(414,524)
<br />(1,971,787)
<br />(876,326)
<br />Total other financing
<br />sources (uses)
<br />109,494
<br />108,279
<br />5,911,381
<br />112,200
<br />1,168,527
<br />Net change in fund balances
<br />$ (4,426,473)
<br />$ 132,991
<br />$ 5,844,120
<br />$ 350,725
<br />$ 1,328,143
<br />Debt service as a percentage
<br />of noncapital expenditures
<br />60.97%
<br />34.93%
<br />29.42%
<br />29.40%
<br />25.82%
<br />91
<br />
|