2003 Monticello Annual Financial ReportsCITY OF MONTICELLO, MINNESOTA
GOVERNMENTAL FUNDS
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
YEAR ENDED DECEMBER 31, 2003
Community
General
Center
REVENUE
General Property Taxes
$ 3,777,084
$ 869,925
Licenses and Permits
689,421
-
Intergovernmental
457,147
Special Assessments
-
-
Charges for Services
588,802
730,816
Investment Earnings
-
-
Refunds and Reimbursements
-
-
Miscellaneous
634,434
870
Total Revenue
6,146,888
1,601,611
EXPENDITURES
Current
General Government
1,348,264
-
Public Safety
1,274,389
-
Public Works
2,069,796
-
Sanitation
384,228
-
Culture and Recreation
757,623
1,134,792
Economic Development
64,739
-
Capital Outlay
Capital Projects
-
-
Culture and Recreation
-
29,607
Debt Service
Principal
-
-
Interest and Fiscal Charges
-
—.-1—,164,39q
Total Expenditures
5—,899,039
Revenue Over (Under) Expenditures
247,849
437,212
Operating Transfer In 214,650
Operating Transfer Out (214,650) (573,225)
Bond Proceeds
Total Other Financing Sources (Uses) (214,650)(358,575)
Net Increase (Decrease) in Fund Balance 33,199 78,637
Fund Balance- Beginning of Year 5,354,178 (-5-2,455)
FUND BALANCE - END OF YEAR $ 5,387,377 $ 26,182
The Notes to the Financial Statements are an Integral Part of this Statement.
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