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City of Muskegon
Governmental Funds
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
Year Ended December 31, 2002
Other Total
Major Streets Governmental Governmental
General and Trunkline Local Streets Funds Funds
Revenues
Taxes $ 13,465,040
-
$ -
$ $ 142,823
13,607,863
$
Special assessments -
324,200
143,845
479,383
947,428
Licenses and permits 1,071,236
-
-
-
1,071,236
Federal grants 278,308
3,487,352
-
1,967,805
5,733,465
State grants 11,316
91,973
-
1,059,968
1,163,257
State shared revenues 5,353,987
2,582,023
638,602
-
8,574,612
State reimbursement revenue -
-
-
1,986
1,986
Charges for services 2,091,356
287,084
-
632,358
3,010,798
Interest and rental income 332,560
95,702
14,516
219,735
662,513
Fines and fees 393,314
-
-
-
393,314
Other 439,062
3,118
804
354,984
797,968
Total revenues 23,436,179
6,871,452
797,767
4,859,042
35,964,440
Expenditures
Current
Public representation services 985,107
-
-
-
985,107
Administrative services 816,581
-
-
-
816,581
Financial services 1,797,662
-
-
-
1,797,662
Public safety 11,497,673
-
-
16,478
11,514,151
Public works 2,680,695
-
-
-
2,680,695
Highways, streets and bridges -
6,945,604
1,870,701
-
8,816,305
Leisure services 2,610,935
-
-
-
2,610,935
Planning and economic development 971,335
-
-
-
971,335
Other governmental functions 777,438
50,868
-
970,039
1,798,345
Capital outlay 140,413
-
-
4,580,742
4,721,155
Debt services
Principal 185,000
465,000
-
695,000
1,345,000
Interest 31,860
175,550
-
108,845
316,255
Total expenditures 22,494,699
7,637,022
1,870,701
6,371,104
38,373,526
Excess (deficiency) of revenues over expenditures 941,480
(765,570)
(1,072,934)
(1,512,062)
(2,409,086)
Other financing sources (uses)
Operating transfers in 170,985
100,000
1,050,000
728,351
2,049,336
Operating transfers in - component units 10,000
-
-
-
10,000
Sale of property -
88,109
-
312,171
400,280
Proceeds of refunding bonds -
2,245,000
-
-
2,245,000
Bond premium on refunding bonds -
11,807
-
-
11,807
Payment to refunded bonds escrow agent -
(2,150,000)
-
-
(2,150,000)
Operating transfers out (1,476,837)
(269,243)
(124,113)
(177,298)
(2,047,491)
Total other financing sources (uses) (1,295,852)
25,673
925,887
863,224
518,932
Excess (deficiency) of revenues and other
sources over expenditures and other uses (354,372)
(739,897)
(147,047)
(648,838)
(1,890,154)
Fund balances at beginning of year 3,162,368
2,361,992
156,748
6,829,586
12,510,694
Fund balances at end of year $ 2,807,996 1,622,09
$ 5 $ 9,701 $ 6,180,74
8 10,620,54
$ 0
The accompanying notes are an integral part of this statement.