Source: Sherman Publications

Lake Orion Village
Revenues, Expenditures, and Changes in Fund Balance Governmental Funds For the Year Ended June 30, 2012

December 19, 2012

VILLAGE OF LAKE ORION

Statement of Revenues, Expenditures, and Changes in Fund Balance

Governmental Funds For the Year Ended June 30, 2012

Other Total

Governmental Governmental

General Police Funds Funds

Revenues

Property Taxes $ 839,503 $ - $ 208,455 $ 1,047,958

Intergovernmental:

Federal, State and Local 238,943 272,986 161,994 673,923

Charges for Services 316,069 91,800 - 407,869

Fines and Forfeitures - 41,821 - 41,821

Interest 1,656 - 2,212 3,868

Other 176,620 31,028 15,539 223,187

Total Revenues 1,572,791 437,635 388,200 2,398,626

Expenditures

Current:

General Government 493,835 - 980 494,815

Public Safety - 836,980 395 837,375

Public Works 625,501 - 76,792 702,293

Health and Welfare 10,336 - - 10,336

Cornmunity Development 72,885 - - 72,885

Recreation and Cultural 24,810 - 766 25,576

Other Functions 56,995 - - 56,995

Debt Service:

Principal - 14,567 200,000 214,567

Interest and Other Charges - 889 18,270 19,159

Capital Outlay - 7,631 7,631

Total Expenditures 1,284,362 852,436 304,834 2,441,632

Excess (Deficiency) of Revenues

Over Expenditures 288,429 (414,801) 83,366 (43,006)

Other FinancIng Sources (Uses)

Transfers In - 415,000 39,500 454,500

Transfers Out (422,500) - (32,000) (454,500)

Total Other Financing

Sources (Uses) (422,500) 415,000 7,500 -

Net Change in Fund Balance (134,071) 199 90,866 (43,006)

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

Fund Balance - Ending $ 267,513 $ 7,072 $ 489,943 $ 764,528