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City of Muskegon
Governmental Funds
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
Year Ended December 31, 2003
Other Total
Major Street Governmental Governmental
General and Trunkline Local Street Funds Funds
Revenues
Taxes $ 13,246,744
-
$ -
$ $ 60,054
13,306,798
$
Special assessments -
358,650
240,781
373,436
972,867
Licenses and permits 1,108,780
-
-
-
1,108,780
Federal grants 211,597
1,275,245
246,000
2,665,764
4,398,606
State grants 23,264
4,561,233
1,120,771
669,930
6,375,198
State shared revenues 4,938,861
2,499,757
666,649
-
8,105,267
Charges for services 2,240,866
439,219
-
627,522
3,307,607
Interest and rental income 189,485
169,533
15,133
142,331
516,482
Fines and fees 471,682
-
-
-
471,682
Other 331,195
56
586
228,335
560,172
Total revenues 22,762,474
9,303,693
2,289,920
4,767,372
39,123,459
Expenditures
Current
Public representation services 889,188
-
-
-
889,188
Administrative services 785,966
-
-
-
785,966
Financial services 1,846,558
-
-
-
1,846,558
Public safety 11,437,516
-
-
1,971
11,439,487
Public works 2,731,241
-
-
-
2,731,241
Highways, streets and bridges -
8,340,206
3,459,811
-
11,800,017
Leisure services 2,624,275
-
-
-
2,624,275
Planning and economic development 987,097
-
-
-
987,097
Other governmental functions 659,930
-
-
929,642
1,589,572
Capital outlay 285,310
-
-
4,211,321
4,496,631
Debt services
Principal 195,000
550,000
-
525,000
1,270,000
Interest 22,397
97,425
-
111,085
230,907
Total expenditures 22,464,478
8,987,631
3,459,811
5,779,019
40,690,939
Excess (deficiency) of revenues over expenditures 297,996
316,062
(1,169,891)
(1,011,647)
(1,567,480)
Other financing sources (uses)
Transfers in 566,282
-
1,370,000
804,460
2,740,742
Sale of property -
-
-
282,080
282,080
Bonds issued -
-
-
1,575,000
1,575,000
Premium on bonds -
-
-
3,009
3,009
Transfers out (1,240,856)
(525,049)
(64,169)
(910,668)
(2,740,742)
Total other financing sources (uses) (674,574)
(525,049)
1,305,831
1,753,881
1,860,089
Excess (deficiency) of revenues and other
sources over expenditures and other uses (376,578)
(208,987)
135,940
742,234
292,609
Fund balances at beginning of year 2,807,996
1,622,095
9,701
6,180,748
10,620,540
Fund balances at end of year $ 2,431,418 1,413,10
$ 8 $ 145,641 $ 6,922,98
2 10,913,14
$ 9
The accompanying notes are an integral part of this statement.