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Lake Orion Village


Statement of Revenues, Expenditures. and Changes in Fund Balance For the Year Ended June 30, 2011



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December 21, 2011 - VILLAGE OF LAKE ORION

Statement of Revenues, Expenditures. and Changes in Fund Balance

Governmental Funds

For the Year Ended June 30, 2011

Other Total

Governmental Governmental

General Police Funds Funds

Revenues

Property Taxes $ 896,675 $ - $ 201,295 $ 1,097,970

Intergovernmental,

Federal, State and Local 380,569 281,185 145.184 806,938

Charges for Services 352.283 - - 352,283

Fines and Forfeitures - 52,187 - 52,187

Interest 5,062 - 3,121 8,183

Other 154,185 82,101 17,409 253,695

Total Revenues 1,788,774 415,473 367,009 2,571,256

Expenditures

Current:

General Government 492,054 - - 492,054

Public Safety - 847,409 - 847,409

Public Works 581,758 - 123,143 704,901

Health and Welfare 167,996 - - 167,996

Community Development 83.477 - - 83,477

Recreation and Cultural 30,263 - - 30,263

Other Functions 57,950 - 1,298 59,248

Debt Servlce

Principal - 13,730 185,000 198,730

Interest and Other Charges - 1,726 27,270 28,996

Capital Outlay - - 424,799 424,799

Total Expenditures 1,413,498 862,865 761,510 3,037,873

Excess (Deficiency) of Revenues

Over Expenditures 375,276 (447,392) (394,501) (466,617)

Other Financing Sources-(Uses)

Transfers In - 450,000 53,000 503,000

Transfers Out (470.000) - (33,000) (503,000)

Total Other Financing

Sources (Uses) (470,000) 450,000 20,000 -

Net Change in Fund Balance (94,724) 2,608 (374,501) (466,617)

Fund-Balance-Beginning 496,308 4,265 773,578 1,274,151

Fund Balance - Ending $ 401,584 $ 6,873 $ 399,077 $ 807,534

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