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<br />6/23/2006 PACKET
<br />Capital Projects Fund
<br /> Variance Variance
<br /> 2005 2006 Budget vs. Budget vs.
<br /> Actual Budget Projected Projected $ Budget
<br />Beginning Fund Balance, January 1 $ 6,986,040 $ 4,394,142 $ 4,394,142
<br />Revenues
<br />Sales Tax 3,715,882 3,323,572 3,146,910 (176,662) 95%
<br />Use Tax-Building Materials 153,900 102,914 109,346 6,432 106%
<br />Intergovernmental Revenue 6,969 75,000 75,000 - 100%
<br />Total Charges for Services 342,994 232,900 150,000 (82,900) 64%
<br />Miscellaneous 313,923 219,377 276,070 56,693 126%
<br />Total Revenues 4,533,668 3,953,763 3,757,326 (196,437) 95%
<br />Expenditures
<br />Operations 277,905 389,040 385,150 (3,890) 99%
<br />Debt Service 452,563 450,463 450,463 100%
<br />Capital Outlay 6,235,098 5,951,805 5,521,805 (430,000) 93%
<br />Total Expenditures 6,965,566 6,791,308 6,357,418 (433,890) 94%
<br />Excess (Deficiency) of Revenues over Expenditures (2,431,898) (2,837,545) (2,600,092) 237,453 92%
<br />Transfer (out) - Building Maintenance - (200,000) (200,000)
<br />Transfer (out) - Conservation Trust (160,000) - -
<br />Interfund Loan - Library Fund - 800,000 800,000 -
<br />Net change in fund balance (2,591,898) (2,237,545) (2,000,092) 237,453
<br />Projected Ending Fund Balance, December 31 $ 4,394,142 $ 2,156,597 $ 2,394,050 $ 237,453
<br />Original Budget $ 6,401,179
<br />Supplemental" 590,129
<br />Revised Budget $ 6,991,308
<br />Community Park $ 218,639
<br />Software 286,138
<br />Majority of supplemental $ 504,777
<br />PACKET 10
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