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                                                                            City of Muskegon
                                                             Non-Major Governmental Funds

                           COMBINING STATEMENT OF REVENUES, EXPENDITURES  AND CHANGES IN FUND BALANCES

                                                             Year Ended December 31, 2003


                                                                                                                                                             Permanent 
                                                                                                                                                               Fund -                Total Non-Major 
                                                              Special                      Debt Service                   Capital Project                    Cemetery                     Governmental 
                                                        Revenue Funds                         Funds                              Funds                  Perpetual Care                       Funds
Revenues
   Taxes                                                $                      -      $            60,054
                                                                                                                          $                      -                             -
                                                                                                                                                        $                            $              60,054
                                                                                                                                                                                                          
   Special assessments                                                          -                   28,384
                                                                                                                                      345,052
                                                                                                                                                                               -
                                                                                                                                                                                                   373,436
                                                                                                                                                                                                     
   Federal grants                                                           4,000
                                                                                                                     -
                                                                                                                                   2,661,764
                                                                                                                                                                               -
                                                                                                                                                                                                2,665,764
                                                                                                                                                                                                
   State grants                                                                 -                                    -
                                                                                                                                      669,930
                                                                                                                                                                               -
                                                                                                                                                                                                   669,930
                                                                                                                                                                                                     
   Charges for services                                                 598,334
                                                                                                                     -
                                                                                                                                                  -                   29,188
                                                                                                                                                                                                   627,522
                                                                                                                                                                                                     
   Interest income                                                          3,782
                                                                                                      5,051
                                                                                                                                      111,255
                                                                                                                                                                      22,243
                                                                                                                                                                                                   142,331
                                                                                                                                                                                                     
   Other                                                                  41,130
                                                                                                                     -
                                                                                                                                      187,205
                                                                                                                                                                               -
                                                                                                                                                                                                   228,335
                                                                                                                                                                                                     
Total revenues                                                          647,246
                                                                                                    93,489
                                                                                                                                   3,975,206
                                                                                                                                                                      51,431
                                                                                                                                                                                                4,767,372
                                                                                                                                                                                                

Expenditures
   Current                                                                                                                                                                            
      Public safety                                                         1,971
                                                                                                                     -
                                                                                                                                                  -                            -
                                                                                                                                                                                                       1,971
                                                                                                                                                                                                               
      Other governmental functions                                      928,971
                                                                                                         671
                                                                                                                                                  -                            -
                                                                                                                                                                                                   929,642
                                                                                                                                                                                                     
   Capital outlay                                                               -                                    -
                                                                                                                                   4,211,321
                                                                                                                                                                               -
                                                                                                                                                                                                4,211,321
                                                                                                                                                                                                
   Debt services
      Principal                                                                 -                   57,987
                                                                                                                                      467,013
                                                                                                                                                                               -
                                                                                                                                                                                                   525,000
                                                                                                                                                                                                     
      Interest                                                                  -                   11,674
                                                                                                                                        99,411
                                                                                                                                                                               -
                                                                                                                                                                                                   111,085
                                                                                                                                                                                                     
Total expenditures                                                      930,942
                                                                                                    70,332
                                                                                                                                   4,777,745
                                                                                                                                                                               -
                                                                                                                                                                                                5,779,019
                                                                                                                                                                                                

   Excess (deficiency) of revenues over expenditures                (283,696)
                                                                                                    23,157
                                                                                                                                     (802,539)
                                                                                                                                                                      51,431
                                                                                                                                                                                              (1,011,647)
                                                                                                                                                                                                

Other financing sources (uses)
   Transfers in                                                         330,000
                                                                                                                     -
                                                                                                                                      474,460
                                                                                                                                                                               -
                                                                                                                                                                                                   804,460
                                                                                                                                                                                                     
   Sale of property                                                             -                                    -
                                                                                                                                      282,080
                                                                                                                                                                               -
                                                                                                                                                                                                   282,080
                                                                                                                                                                                                     
   Bonds issued                                                                 -                                    -
                                                                                                                                   1,575,000
                                                                                                                                                                               -
                                                                                                                                                                                                1,575,000
                                                                                                                                                                                                
   Premium on bonds                                                             -                                    -
                                                                                                                                          3,009
                                                                                                                                                                               -
                                                                                                                                                                                                       3,009
                                                                                                                                                                                                               
   Transfers out                                                    (500,000)
                                                                                                (120,000)
                                                                                                                                     (229,386)
                                                                                                                                                                     (61,282)
                                                                                                                                                                                                    (910,668)
                                                                                                                                                                                                   
Total other financing sources (uses)                                (170,000)
                                                                                                (120,000)
                                                                                                                                   2,105,163
                                                                                                                                                                     (61,282)
                                                                                                                                                                                                1,753,881
                                                                                                                                                                                                

   Excess (deficiency) of revenues and other
    sources over expenditures and other uses                        (453,696)
                                                                                                      (96,843)
                                                                                                                                   1,302,624
                                                                                                                                                                          (9,851)
                                                                                                                                                                                                   742,234
                                                                                                                                                                                                     

Fund balances at beginning of year                               2,172,275
                                                                                                  250,798
                                                                                                                                   2,547,244
                                                                                                                                                                 1,210,431
                                                                                                                                                                                                6,180,748
                                                                                                                                                                                                
 Fund balances at end of year                                    1,718,579
                                                        $                             $          153,955
                                                                                                                          $       3,849,868
                                                                                                                                                        $       1,200,580
                                                                                                                                                                                     $         6,922,982