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CITY OF HUGO, MINNESOTA
<br />GENERAL OBLIGATION BONDS
<br />Schedule of Revenues, Expenditures
<br />and Changes in Fund Balance - Budget and Actual
<br />For the Year Ended December 31, 2016
<br />REVENUES
<br />Property taxes
<br />Special assessments
<br />Intergovernmental revenue
<br />Other revenues
<br />Investment earnings
<br />Net (decrease) in the fair value
<br />of investments
<br />Total Revenues
<br />EXPENDITURES
<br />Debt service
<br />Principal retirement
<br />Interest on bonds
<br />Fiscal charges
<br />Total Expenditures
<br />Excess (deficiency) of revenues
<br />Variance with
<br />Final Budget
<br />Budgeted Amounts Favorable
<br />Original Final Actual (Unfavorable)
<br />$ 604,981 $ 604,981 $ 611,599 $ 6,618
<br />97,958 97,958 119,447 21,489
<br />491,301 491,301 492,732 1,431
<br />7,593 7,593
<br />(2,631) (2,631)
<br />1,194,240 1,194,240 1,228,740 34,500
<br />1,570,000
<br />1,570,000
<br />1,570,000
<br />126,237
<br />126,237
<br />126,237
<br />25,275
<br />25,275
<br />2,675 22,600
<br />1,721,512 1,721,512 1,698,912 22,600
<br />over (under) expenditures (527,272) (527,272) (470,172) 57,100
<br />OTHER FINANCING SOURCES (USES)
<br />Transfers in 218,493 218,493 218,493
<br />Transfers out (104) (104)
<br />TOTAL OTHER FINANCING
<br />SOURCES (USES) 218,493 218,493 218,389 (104)
<br />Net Change in Fund Balances
<br />(308,779)
<br />(308,779)
<br />(251,783) 56,996
<br />Fund Balance, January 1
<br />3,099,683
<br />3,099,683
<br />3,099,683
<br />Fund Balance, December 31 $ 2,790,904 $ 2,790,904 $ 2,847,900 $ 56,996
<br />76
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