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CITY OF HUGO, MINNESOTA
<br />PROPERTY AND EQUIPMENT ACQUISITION
<br />Schedule of Revenues, Expenditures
<br />and Changes in Fund Balance - Budget and Actual
<br />For the Year Ended December 31, 2016
<br />Variance with
<br />Final Budget
<br />Budgeted Amounts Favorable
<br />Original Final Actual (Unfavorable)
<br />REVENUES
<br />Property taxes
<br />Intergovernmental
<br />Other revenues
<br />Investment earnings
<br />Net increase in the fair value
<br />of investments
<br />Rent
<br />Total Revenues
<br />EXPENDITURES
<br />Capital outlay
<br />Property and equipment acquisition
<br />Miscellaneous
<br />Total Expenditures
<br />$ $ $ 1,086 $ 1,086
<br />25,708 25,708
<br />15,101 15,101
<br />(5,234)
<br />(5,234)
<br />16,150
<br />16,150
<br />Fund Balance, January 1
<br />4,488,691
<br />52,811
<br />52,811
<br />868,523 868,523 659,299 209,224
<br />22.002 22.002 8.806 13.196
<br />890,525 890,525 668,105 222,420
<br />Excess (deficiency) of revenues
<br />over (under) expenditures (890,525) (890,525) (615,294) 275,231
<br />OTHER FINANCING SOURCES (USES)
<br />Sale of capital assets 31,154 31,154
<br />Transfers in 499,861 499,861 499,861
<br />Total Other Financing Sources (Uses) 499,861 499,861 531,015 31,154
<br />Net Change in Fund Balances
<br />(390,664)
<br />(390,664)
<br />(84,279) 306,385
<br />Fund Balance, January 1
<br />4,488,691
<br />4,488,691
<br />4,488,691
<br />Fund Balance, December 31
<br />$ 4,098,027
<br />$ 4,098,027
<br />$ 4,404,412 $ 306,385
<br />W
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