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Tri-County News
Kimball, Minnesota
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August 26, 2010     Tri-County News
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August 26, 2010
 

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pnoo n T.o_h la F'2 Thursday, August26,2010 --, --, u6 .nw Tri-Coun News Kimball, MN " CITY OF KIMBALL, MINNESOTA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES GOVERNMENTAL FUNDS YEAR ENDED DECEMBER 31, 2009 IN FUND BALANCES REVENUES Taxes Special Assessments Licenses and Permits Intergovernmental Charges for Services Fines and Forfeits Interest Miscellaneous Total Revenues EXPENDITURES CURRENT General Government Pubtk Safety Streets and Highways Culture and Recreation Economic Development CAPITAL OUTLAY DEBT SERVICE Princ pa! Interest and Fiscal Charges Total Expenditures EXCESS OF REVENUES OVER (UNDER) EXPENDITURES OTHER FINANCING SOURCES (USES) Transfers in Transfers Out GO Improvement Magnus Johnson General Fire Bond 2005 Street Impcovement $ 236,840 24,065 169,309 39,776 16,373 750 74,365 $ $ 36,274 $ 10,582 14,424 39,901 515 252 600 43,274 GO improvement Bond 2OO6 Governmental Funds $ 24,183 $ 27,172 18,915 2,888 500 4,415 581,478 98,114 47,108 600 43,598 34,475 108,759 15,704 170,522 214,515 149,146 12"359 11,057 104,858 13,044 1,629 13,604 5~102 30,000 66,866 7,000 26,520 677,130 t22,363 337,520 70,806 96 866 1,954 18.895 20,849 Governmental Funds $ 324,469 32,385 24,06-5 183,733 79,677 16,373 7,032 117,639 785,373 172,476 323,274 164,850 12,359 29,952 173,564 50,044 95,015 1,021,534 (115,652) (24,249) 13,588 (70,206) (53,268) 13,626 (236,161) 16At6 15,000 , (6,oo0) 40,728 40,728 (12,540) 182,621 $ t70,081 72,144 (12,634) ,L TOTAL OTHER FINANCING SOURCES (USES) NET CHANGE IN FUND BALANCES Fund Balance - Beginning of Year FUND BALANCE - END OF YEAR ,, 16,416 (6,634) 15,000 (99,236) (30,883) 28,588 (70,206) 327,369 218,142 62,994 82,025 $ 228,133 $187,259 $ 91,582 $ 11,819 (8,00o) ,51o 7,626 (176,651) - 139,691 1,012,842 $, 147,317 $ 836,191 CITY OF KIMBALL, MINNESOTA STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS PROPRIETARY FUNDS YEAR ENDED DECEMBER 31, 2009 Sewer Water Refuse Fund Fund Fund Total OPERATING REVENUES Charges for Services Connection Fees Total Operating Revenues OPERATING EXPENSES Salaries and Benefits Legal and Audit Depredation Utilities Supplies and Maintenance Contracted Services Insurance Miscellaneous Total Operating Expenses OPERATING INCOME (LOSS) $ 100,980 $ 120,995 $ $ 2,436 100,980 123,431 34,174 34,175 1,984 106,130 78,532 12,521 15,286 43,457 16,210 13,028 13,302 2,634 3,003 2,866 2,555 214,810 165,047 (113,830) (41,616) NONOPERATING REVENUES (EXPENSES) Taxes 11,158 3,629 Special Assessments 882 882 Rent Proceeds 5,452 12,046 Interest Income 9,285 1,t35 Bond Interest and Fiscal Charges .... (23,669) Total Nonoperating Revenues (Expenses) 3,108 17,692 CHANGE IN NET ASSETS BEFORE TRANSFERS Transfers Out CHANGE IN NET ASSETS Net Assets - Beginning of Year NET ASSETS (DEFICIT) - END OF YEAR (110,722) (28,255) (138,977) 2,205,744 $ 2,066,767 46,117 46,117 49,378 4O 49,418 (3,301) $ 268,092 2,436 270,528 68,349 1,984 184,662 27,807 109,045 26,330 5,677 5,421 429,275 (158,747) 14,787 1,764 17,498 10,426 (23,669) 6 6 20,806 (23, 924) (3,295) ( 137, 941 ) (31,255) (59,510) (55,179) (3,295) (197,451) 2,132,459 4,338,203 $ 2,077,280 $ (3,2951 $ 4,t40,752 Published in the Tri-CountyNews Thursday, Aug. 26, 2010.