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                                                                                                                               City of Muskegon
                                                                                                                  Non-Major Capital Projects Funds 

                                                                                                                     COMBINING BALANCE SHEET

                                                                                                                              December 31, 2002




                                                      Coastal                                                                                            Community                                                                                                   EDC
                                                       Zone                  Sidewalk                   Michcon                    Public                Development                     State               Lakeshore                     HOME                 Revolving EC 
                                                                                                                                                                                                                                                                                                 Micro                 Combined
                                                 Management Replacement                              Remediation Improvement                             Block Grant                   Grants                      Trail              Rehabilitation                Loan                      Loan                      Totals
ASSETS
   Cash and cash equivalents                     $                 -      $                   -             185,519
                                                                                                     $                        $   1,201,469
                                                                                                                                                                              -
                                                                                                                                                         $                                            -
                                                                                                                                                                                   $                                498,322
                                                                                                                                                                                                            $                                             -
                                                                                                                                                                                                                                      $                               886,889
                                                                                                                                                                                                                                                               $                        $                  -            2,772,199
                                                                                                                                                                                                                                                                                                                  $     
   Receivables (net of allowance for              
    uncollectibles)
      Accounts and loans                                            -                          -                         -
                                                                                                                                                  100
                                                                                                                                                                 620,119
                                                                                                                                                                                              2,500
                                                                                                                                                                                                                                -
                                                                                                                                                                                                                                                          -
                                                                                                                                                                                                                                                                            22,737
                                                                                                                                                                                                                                                                                                   26,546
                                                                                                                                                                                                                                                                                                                             672,002
                                                                                                                                                                                                                                                                                                                            
      Special assessments                                           -           1,243,968
                                                                                                                         -
                                                                                                                                                    -
                                                                                                                                                                              -
                                                                                                                                                                                                      -                         -
                                                                                                                                                                                                                                                          -
                                                                                                                                                                                                                                                                                   -
                                                                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                                                                                        1,243,968
                                                                                                                                                                                                                                                                                                                         
   Due from other governmental units                                -                          -                         -
                                                                                                                                                    -
                                                                                                                                                                 239,400
                                                                                                                                                                                          830,170
                                                                                                                                                                                                                                -
                                                                                                                                                                                                                                             205,704
                                                                                                                                                                                                                                                                                   -
                                                                                                                                                                                                                                                                                                61,307
                                                                                                                                                                                                                                                                                                                        1,336,581
                                                                                                                                                                                                                                                                                                                         

TOTAL ASSETS                                     $                 -      $    1,243,968
                                                                                                            185,519
                                                                                                     $                        $   1,201,569
                                                                                                                                                         $      859,519
                                                                                                                                                                                   $     832,670
                                                                                                                                                                                                            $      498,322
                                                                                                                                                                                                                                             205,704
                                                                                                                                                                                                                                      $                               909,626
                                                                                                                                                                                                                                                               $                        $         87,853
                                                                                                                                                                                                                                                                                                                        6,024,750
                                                                                                                                                                                                                                                                                                                  $     


LIABILITIES AND FUND BALANCES (DEFICIT) 
Liabilities
   Accounts payable                                                 -
                                                 $                        $                   -                          -
                                                                                                     $                        $      189,772
                                                                                                                                                         $        26,823
                                                                                                                                                                                   $     142,057
                                                                                                                                                                                                            $                  -                   16,679
                                                                                                                                                                                                                                      $                                            -
                                                                                                                                                                                                                                                               $                                            -
                                                                                                                                                                                                                                                                                        $                                    375,331
                                                                                                                                                                                                                                                                                                                  $        
   Accrued payroll                                                  -
                                                                                               -                         -
                                                                                                                                                    -
                                                                                                                                                                          4,979
                                                                                                                                                                                                      -                         -
                                                                                                                                                                                                                                                     978
                                                                                                                                                                                                                                                                                   -
                                                                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                                                                                                5,957
                                                                                                                                                                                                                                                                                                                                
   Due to other funds                                               -              227,150
                                                                                                                         -
                                                                                                                                                    -
                                                                                                                                                                 451,401
                                                                                                                                                                                          690,613
                                                                                                                                                                                                                                -
                                                                                                                                                                                                                                             188,047
                                                                                                                                                                                                                                                                                   -
                                                                                                                                                                                                                                                                                                  3,564
                                                                                                                                                                                                                                                                                                                        1,560,775
                                                                                                                                                                                                                                                                                                                         
   Deferred revenue                                                 -           1,071,820
                                                                                                                         -
                                                                                                                                         26,000
                                                                                                                                                                 376,316
                                                                                                                                                                                                      -                         -
                                                                                                                                                                                                                                                          -
                                                                                                                                                                                                                                                                                   -
                                                                                                                                                                                                                                                                                                61,307
                                                                                                                                                                                                                                                                                                                        1,535,443
                                                                                                                                                                                                                                                                                                                         
Total liabilities                                                   -           1,298,970
                                                                                                                         -
                                                                                                                                      215,772
                                                                                                                                                                 859,519
                                                                                                                                                                                          832,670
                                                                                                                                                                                                                                -
                                                                                                                                                                                                                                             205,704
                                                                                                                                                                                                                                                                                   -
                                                                                                                                                                                                                                                                                                64,871
                                                                                                                                                                                                                                                                                                                        3,477,506
                                                                                                                                                                                                                                                                                                                         

Fund balances (deficit) 
   Reserved for loans                                               -                          -                         -
                                                                                                                                                    -
                                                                                                                                                                              -
                                                                                                                                                                                                      -                         -
                                                                                                                                                                                                                                                          -
                                                                                                                                                                                                                                                                      909,626
                                                                                                                                                                                                                                                                                                   22,982
                                                                                                                                                                                                                                                                                                                             932,608
                                                                                                                                                                                                                                                                                                                            
   Unreserved
      Designated for approved projects                              -                          -                         -
                                                                                                                                      207,105
                                                                                                                                                                              -
                                                                                                                                                                                                      -                         -
                                                                                                                                                                                                                                                          -
                                                                                                                                                                                                                                                                                   -
                                                                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                                                                                             207,105
                                                                                                                                                                                                                                                                                                                            
      Undesignated                                                  -               (55,002)
                                                                                                            185,519
                                                                                                                                      778,692
                                                                                                                                                                              -
                                                                                                                                                                                                      -             498,322
                                                                                                                                                                                                                                                          -
                                                                                                                                                                                                                                                                                   -
                                                                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                                                                                        1,407,531
                                                                                                                                                                                                                                                                                                                         
Total fund balances (deficit)                                       -               (55,002)
                                                                                                            185,519
                                                                                                                                      985,797
                                                                                                                                                                              -
                                                                                                                                                                                                      -             498,322
                                                                                                                                                                                                                                                          -
                                                                                                                                                                                                                                                                      909,626
                                                                                                                                                                                                                                                                                                   22,982
                                                                                                                                                                                                                                                                                                                        2,547,244
                                                                                                                                                                                                                                                                                                                         
                                                                                                                                                                                                                                                                                                                   
TOTAL LIABILITIES AND FUND BALANCES (DEFICIT)    $                 -      $    1,243,968
                                                                                                            185,519
                                                                                                     $                        $   1,201,569
                                                                                                                                                         $      859,519
                                                                                                                                                                                   $     832,670
                                                                                                                                                                                                            $      498,322
                                                                                                                                                                                                                                             205,704
                                                                                                                                                                                                                                      $                               909,626
                                                                                                                                                                                                                                                               $                        $         87,853
                                                                                                                                                                                                                                                                                                                        6,024,750
                                                                                                                                                                                                                                                                                                                  $