|
The amount of expenditures and other financing uses to other funds from the General Fund for 2002 and
<br />2001, respectively, are presented in the following table:
<br />Function
<br />2002 % of 2001 % of
<br />Amount Total Amount Total
<br />Current:
<br />General Government $ 1,699,984 28.7% $ 1,499,642 27.5%
<br />Public Safety 2,092,520 35.3 1,906,309 34.9
<br />Highways and Streets 894,468 15.1 888,662 16.3
<br />Culture and Recreation 480,165 8.1 471,551 8.6
<br />Debt Service 49,113 0.8 52,309 1.0
<br />Capital Outlay 287,945 4.9 231,345 4.3
<br />Transfer To Other Funds 419,530 7.1 405,748 7.4
<br />Total Expenditures and
<br />Other Financing Uses $ 5,923,725 100.0% $ 5,455,566 100.0%
<br />The increase in current expenditures was primarily for salary increases, additional personnel in
<br />engineering, police, and general increases in other costs. Capital outlay and transfers out will fluctuate
<br />from year to year based on equipment acquisitions and project funding occurring in that year.
<br />SPECIAL REVENUE FUNDS
<br />Special Revenue Funds are used to account for the proceeds of specific revenue sources that are legally
<br />or otherwise restricted to expenditures for specific purposes.
<br />The following is a summary of the financial activities and fund balances of the City's Special Revenue
<br />Funds for 2002 and 2001.
<br />2002 2001
<br />Total revenues and other financing sources $ 4,192,108 $ 5,779,514
<br />Total expenditures and other uses $ 3,402,505 $ 2,524,589
<br />Total fund balances $ 9,315,104 $ 8,525,501
<br />DEBT SERVICE FUNDS
<br />Debt Service Funds are used to account for the current year payment of matured principal and interest on
<br />long -term general obligation debt. Sources available for payment of the debt service are provided by
<br />special assessments, tax increments, general property tax levies and interest earnings on investments.
<br />The following is a summary of the financial activities and fund balances of the City's Debt Service Funds
<br />for 2002 and 2001.
<br />2002 2001
<br />Total revenues and other financing sources $ 1,909,421 $ 1,307,032
<br />Total expenditures and other uses $ 2,069,021 $ 1,064,459
<br />Total fund balances $ 406,787 $ 566,387
<br />
|