Adobe Acrobat File:GF_HISTORICAL_SUMMARY.pdf

This document is a text-only version of the original Adobe Acrobat file. Graphics and formatting may be lost in the conversion from pdf to html.

View the Adobe Acrobat version of this file.

                            CITY OF MUSKEGON
                                 GENERAL FUND


                       HISTORICAL SUMMARY


                            Revenues & Expenditures &                   Fund Balance
           Year             Transfers In      Transfers Out                at Year-End
         1993 $         13,990,266
                                            $     13,231,208
                                                                $           2,297,430
                                                                                
         1994               15,301,973          15,572,689                     2,026,714
         1995               16,633,179          16,337,586                     2,322,307
         1996               17,666,214          18,018,159                     1,970,362
         1997               20,437,646          20,358,321                     2,049,687
         1998               21,643,855          21,634,467                     2,059,075
         1999               21,451,681          22,011,881                     1,498,875
         2000               23,685,516          22,232,657                     2,951,734
         2001               23,446,611          23,235,978                     3,162,367
         2002               23,617,163          23,971,534                     2,807,996
         2003               23,759,013          23,769,211                     2,797,798


                     Fiscal 2004 Budget Summary

FUND BALANCE AT START OF YEAR                                                                            2,797,798
                                                                                                   $      

MEANS OF FINANCING:
                   Taxes                                                   13,239,937
                                                                                                        57.0%
                   Licenses and Permits                                      1,268,000
                                                                                                         5.5%
                   Federal Grants                                               100,087
                                                                                                         0.4%
                   State Grants                                                          27,000
                                                                                                         0.1%
                   State Shared Revenue                                      5,000,000
                                                                                                        21.5%
                   Other Charges                                             2,045,783
                                                                                                         8.8%
                   Interest & Rentals                                           210,053
                                                                                                         0.9%
                   Fines and Fees                                               435,750
                                                                                                         1.9%
                   Other Revenue                                                323,250
                                                                                                         1.4%
                   Other Financing Sources                                      595,000                  2.6%
                                                                           23,244,860
                                                                                                       100.0%



ESTIMATED REQUIREMENTS:
                   Customer Value Added Activities                         17,589,044
                                                                                                        74.4%
                   Business Value Added Activities                           4,076,793
                                                                                                        17.3%
                   Fixed Budget Items                                        1,965,877
                                                                                                         8.3%
                                                                           23,631,714
                                                                                                       100.0%

ESTIMATED FUND BALANCE AT END OF YEAR                                                                    2,410,944
                                                                                                   $      

                  OPERATING DEFICIT (USE OF FUND BALANCE)                                                     (386,854)
                                                                                                   $        

                  TARGET FUND BALANCE (10% PRIOR YEAR EXPENDITURES)                                      2,376,921
                                                                                                   $      

                  ESTIMATED EXCESS (SHORTFALL) vs. TARGET                                                         34,022
                                                                                                   $