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Stonegate Village Metropolitan District
<br />STATEMENT OF REVENUES, EX PENDITURES, AND CHANGES IN
<br />FUND BALANCES -BUDGET A ND ACTUAL -GEN ERAL FUND
<br />For the Year Ended December 31, 2006
<br /> Original Variance
<br /> & Final Favorable
<br />REVENUES Budget Actual (Unfavorable)
<br />Property taxes $ 59,056 $ 58,643 $ (413)
<br />Specific ownership taxes 5,315 5,914 599
<br />Park and recreation fees 953,088 920,383 (32,705)
<br />Conservation Trust Fund entitlement 30,000 44,830 14,830
<br />Reimbursements - 12,194 12,194
<br />Miscellaneous 5,000 4,127 (873}
<br />Interest income 15,000 20,347 5,347
<br />Total revenues 1,067,459 1,066,438 (1,021)
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<br />EXPENDITURES
<br />District management 20,000 16,881 3,119
<br />Election expense 10,000 8,566 1,434
<br />Accounting and audit 7,500 5,249 2,251
<br />Legal 10,000 12,744 (2,744)
<br />Insurance 9,000 7,674 1,326
<br />Engineering 20,000 18,110 1,890
<br />Repairs and maintenance:
<br />Landscape 560,215 710,311 (150,096)
<br />Recreation maintenance 67,000 3,813 63,187
<br />Pool operations & maintenance 142,100 167,215 (25,115)
<br />Community center operations 20,000 3,262 16,738
<br />Landscape improvements 267,000 61,223 205,777
<br />Utilities 62,300 46,930 15,370
<br />County treasurer's fees 886 908 (22)
<br />Contingency 70,486 - 70,486
<br />Vandalism 500 1,527 (1,027)
<br />Snow removal 25,000 6,963 18,037
<br />Replacement reserve -prior year 110,000 - 110,000
<br />Replacement reserve -current year 10,000 - 10,000
<br />Emergency reserve 37,335 - 37,335
<br />Ot11er 3,000 6,955 (3,955)
<br />Capital outlay -Park & recreation 20,000 473 19,527
<br />enditures
<br />Total ex 1,472,322 1,078,804 393,518
<br />p
<br />Excess (deficiency) of revenues over
<br />expenditures (404,863) (12,366) 392,497
<br />Fund balance -January 1, 200G - 489,978 489,978
<br />Fund balance -December 31, 2006 $ (404,863) $ 477,612 $ 882,475
<br />The Notes tv Financial Statements are an integral part of these statements.
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