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                                                                                                                                                      City of Muskegon
                                                                                                                                       Non-Major Capital Projects Funds

                                                                                                      COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
                                                                                                                      CHANGES IN FUND BALANCES (DEFICIT) 

                                                                                                                                        Year Ended 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
Revenues
   Special assessments                                                       -
                                                       $                                      408,133
                                                                                  $                                               -
                                                                                                             $                                                 -
                                                                                                                                          $                                              -
                                                                                                                                                                    $                                              -
                                                                                                                                                                                              $                                              -
                                                                                                                                                                                                                        $                                              -
                                                                                                                                                                                                                                                  $                                             -
                                                                                                                                                                                                                                                                            $                                               -
                                                                                                                                                                                                                                                                                                     $                           $         408,133
                                                                                                                                                                                                                                                                                                                                                       
   Federal grants                                                            -
                                                                                                        -
                                                                                                                                  -
                                                                                                                                                               -
                                                                                                                                                                         1,477,251
                                                                                                                                                                                                                   -
                                                                                                                                                                                                                                             -
                                                                                                                                                                                                                                                              404,573
                                                                                                                                                                                                                                                                                                -
                                                                                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                                                                                                         1,881,824
                                                                                                                                                                                                                                                                                                                                         
   State grants                                                              -
                                                                                                        -
                                                                                                                                  -
                                                                                                                                                        52,850
                                                                                                                                                                                         -
                                                                                                                                                                                                          984,837
                                                                                                                                                                                                                                             -
                                                                                                                                                                                                                                                                       -
                                                                                                                                                                                                                                                                                                -
                                                                                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                                                                                                         1,037,687
                                                                                                                                                                                                                                                                                                                                         
   Interest income                                                           -
                                                                                                   54,435
                                                                                                                           4,439
                                                                                                                                                        32,294
                                                                                                                                                                                    4,438
                                                                                                                                                                                                                   -
                                                                                                                                                                                                                                      11,985
                                                                                                                                                                                                                                                                       -
                                                                                                                                                                                                                                                                                     18,940
                                                                                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                                                                                                            126,531
                                                                                                                                                                                                                                                                                                                                                  
   Other                                                                     -
                                                                                                        -
                                                                                                                                  -
                                                                                                                                                        39,352
                                                                                                                                                                               193,364
                                                                                                                                                                                                            10,000
                                                                                                                                                                                                                                             -
                                                                                                                                                                                                                                                                       -
                                                                                                                                                                                                                                                                                                -
                                                                                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                                                                                                            242,716
                                                                                                                                                                                                                                                                                                                                                  
Total revenues                                                               -
                                                                                              462,568
                                                                                                                           4,439
                                                                                                                                                      124,496
                                                                                                                                                                         1,675,053
                                                                                                                                                                                                          994,837
                                                                                                                                                                                                                                      11,985
                                                                                                                                                                                                                                                              404,573
                                                                                                                                                                                                                                                                                     18,940
                                                                                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                                                                                                         3,696,891
                                                                                                                                                                                                                                                                                                                                         

Expenditures 
   Capital outlay
      Personnel services                                                     -
                                                                                                        -
                                                                                                                                  -
                                                                                                                                                               -
                                                                                                                                                                               239,744
                                                                                                                                                                                                                   -
                                                                                                                                                                                                                                             -
                                                                                                                                                                                                                                                                46,930
                                                                                                                                                                                                                                                                                                -
                                                                                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                                                                                                            286,674
                                                                                                                                                                                                                                                                                                                                                  
      Operating supplies                                                     -
                                                                                                        -
                                                                                                                                  -
                                                                                                                                                               -
                                                                                                                                                                               316,920
                                                                                                                                                                                                                   -
                                                                                                                                                                                                                                             -
                                                                                                                                                                                                                                                                  698
                                                                                                                                                                                                                                                                                                -
                                                                                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                                                                                                            317,618
                                                                                                                                                                                                                                                                                                                                                  
      Contractual services and other                                       701
                                                                                              228,508
                                                                                                                               148
                                                                                                                                                      924,322
                                                                                                                                                                         1,169,226
                                                                                                                                                                                                   1,105,449
                                                                                                                                                                                                                                             -
                                                                                                                                                                                                                                                              547,554
                                                                                                                                                                                                                                                                                             479
                                                                                                                                                                                                                                                                                                                           63
                                                                                                                                                                                                                                                                                                                                         3,976,450
                                                                                                                                                                                                                                                                                                                                         
   Debt service
      Principal                                                              -
                                                                                              327,013
                                                                                                                                  -
                                                                                                                                                               -
                                                                                                                                                                                         -
                                                                                                                                                                                                                   -
                                                                                                                                                                                                                                             -
                                                                                                                                                                                                                                                                       -
                                                                                                                                                                                                                                                                                                -
                                                                                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                                                                                                            327,013
                                                                                                                                                                                                                                                                                                                                                  
      Interest                                                               -
                                                                                                   62,244
                                                                                                                                  -
                                                                                                                                                               -
                                                                                                                                                                                         -
                                                                                                                                                                                                                   -
                                                                                                                                                                                                                                             -
                                                                                                                                                                                                                                                                       -
                                                                                                                                                                                                                                                                                                -
                                                                                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                                                                                                                           62,244
                                                                                                                                                                                                                                                                                                                                                
Total expenditures                                                         701
                                                                                              617,765
                                                                                                                               148
                                                                                                                                                      924,322
                                                                                                                                                                         1,725,890
                                                                                                                                                                                                   1,105,449
                                                                                                                                                                                                                                             -
                                                                                                                                                                                                                                                              595,182
                                                                                                                                                                                                                                                                                             479
                                                                                                                                                                                                                                                                                                                           63
                                                                                                                                                                                                                                                                                                                                         4,969,999
                                                                                                                                                                                                                                                                                                                                         

   Excess (deficiency) of revenue over expenditures                  (701)
                                                                                          (155,197)
                                                                                                                           4,291
                                                                                                                                                  (799,826)
                                                                                                                                                                               (50,837)
                                                                                                                                                                                                      (110,612)
                                                                                                                                                                                                                                      11,985
                                                                                                                                                                                                                                                          (190,609)
                                                                                                                                                                                                                                                                                     18,461
                                                                                                                                                                                                                                                                                                                     (63)
                                                                                                                                                                                                                                                                                                                                        (1,273,108)
                                                                                                                                                                                                                                                                                                                                        

Other financing sources (uses)
   Operating transfers in                                                  701
                                                                                              195,201
                                                                                                                                  -
                                                                                                                                                      150,000
                                                                                                                                                                                         -
                                                                                                                                                                                                          110,612
                                                                                                                                                                                                                                             -
                                                                                                                                                                                                                                                                       -
                                                                                                                                                                                                                                                                                                -
                                                                                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                                                                                                            456,514
                                                                                                                                                                                                                                                                                                                                                  
   Sale of property                                                          -
                                                                                                        -
                                                                                                                                  -
                                                                                                                                                        70,725
                                                                                                                                                                                  50,837
                                                                                                                                                                                                                   -
                                                                                                                                                                                                                                             -
                                                                                                                                                                                                                                                              190,609
                                                                                                                                                                                                                                                                                                -
                                                                                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                                                                                                            312,171
                                                                                                                                                                                                                                                                                                                                                  
   Operating transfers out                                                   -
                                                                                                        -
                                                                                                                                  -
                                                                                                                                                               -
                                                                                                                                                                                         -
                                                                                                                                                                                                                   -
                                                                                                                                                                                                                                      (6,313)
                                                                                                                                                                                                                                                                       -
                                                                                                                                                                                                                                                                                      (5,000)
                                                                                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                                                                                                             (11,313)
                                                                                                                                                                                                                                                                                                                                                       
Total other financing sources (uses)                                       701
                                                                                              195,201
                                                                                                                                  -
                                                                                                                                                      220,725
                                                                                                                                                                                  50,837
                                                                                                                                                                                                          110,612
                                                                                                                                                                                                                                      (6,313)
                                                                                                                                                                                                                                                              190,609
                                                                                                                                                                                                                                                                                      (5,000)
                                                                                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                                                                                                            757,372
                                                                                                                                                                                                                                                                                                                                                  

   Excess (deficiency) of revenues and other
    sources over expenditures and other uses                                 -
                                                                                                   40,004
                                                                                                                           4,291
                                                                                                                                                  (579,101)
                                                                                                                                                                                         -
                                                                                                                                                                                                                   -
                                                                                                                                                                                                                                         5,672
                                                                                                                                                                                                                                                                       -
                                                                                                                                                                                                                                                                                     13,461
                                                                                                                                                                                                                                                                                                                     (63)
                                                                                                                                                                                                                                                                                                                                           (515,736)
                                                                                                                                                                                                                                                                                                                                                  

Fund balances (deficit) at beginning of year                                 -
                                                                                              (95,006)
                                                                                                                     181,228
                                                                                                                                               1,564,898
                                                                                                                                                                                         -
                                                                                                                                                                                                                   -
                                                                                                                                                                                                                                492,650
                                                                                                                                                                                                                                                                       -
                                                                                                                                                                                                                                                                                   896,165
                                                                                                                                                                                                                                                                                                                23,045
                                                                                                                                                                                                                                                                                                                                         3,062,980
                                                                                                                                                                                                                                                                                                                                         

Fund balances (deficit) at end of year                                       -
                                                       $                          $        (55,002)
                                                                                                                     185,519
                                                                                                             $                                        985,797
                                                                                                                                          $                                              -
                                                                                                                                                                    $                                              -
                                                                                                                                                                                              $                                 498,322
                                                                                                                                                                                                                        $                                              -
                                                                                                                                                                                                                                                  $                         $     909,626
                                                                                                                                                                                                                                                                                                               22,982
                                                                                                                                                                                                                                                                                                     $                           $      2,547,244