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Stonegate Village Metropolitan District
<br />STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
<br />FUND BALANCES -GOVERNMENTAL FUNDS
<br />For the Year Ended December 31, 2006
<br /> Debt Capital
<br />REVENUES General Service Projects Tatal
<br />Property taxes $ 58,643 $ 1,918,628 $ - $ 1,977,271
<br />Specific ownership taxes 5,914 193,479 - 199,393
<br />Park grid recreation fees 920,383 - - 420,383
<br />Conservation Trust Fund entitlement 44,830 - - 44,830
<br />Reimbursed expenditures 12,196 - - 12,196
<br />Bond proceeds - 34,575,000 34,575,000
<br />Bond premium - 1,940,977 - 1,940,977
<br />Miscellaneous 4,127 - - 4,127
<br />Interest income 20,347 310,019 48,745 379,11
<br />Total r
<br />ve
<br />ues 1
<br />066
<br />440 38,938,103 48,745 40,053,288
<br />e
<br />n ,
<br />,
<br />EXPENDITURES
<br />General government:
<br />Administration 60,586 35,900 - 96,486
<br />Parks and recreation 1,018,220 - - 1,018,220
<br />Debt service:
<br />Principal - 31,633,350 - 31,633,350
<br />Interest - 1,716,493 - ],716,493
<br />Issue costs - 383,127 - 383,127
<br />Capital outlay:
<br />Parks and recreation - - - -
<br />Total ex
<br />enditures 1
<br />078
<br />806 33,768,870 - 34,847,676
<br />p ,
<br />,
<br />Excess (deficiency) of revenues over
<br />enditures
<br />x (12
<br />366) 5,169,233 48,745 5,205,612
<br />e
<br />p ,
<br />Other financint; sources (uses)
<br />"transfer from Debt service Fund - - 12,653,445 12,653,445
<br />Transfer to Capital Projects Pund - (12,653,445) - (12,653,445)
<br />Total other financing sources (uses) - (12,653,4 12,653,445 -
<br />Netchange in fund balance (12,366) (7,484,2]2) 12,702,190 5,205,612
<br />Fund balance -January 1, 2006 489,978 8,084,414 - 8,574,392
<br />Fund balance -December 31, 2006 $ 477,612 $ 600,202 $ 12,702,190 $ 13,780,004
<br />The Notes !o Financial Stalen+enls are an i++leg+'a! part ojthese s!ale+++enls.
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