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Bellyache Ridge Metropolitan District <br /> Statement of Revenues, Expenditures <br /> and Changes in Fund Balance-Actual and Budget <br /> Governmental Fund Type-General Fund <br /> For the Year Ended December 31, 2012 <br /> Variance <br /> Original Final Favorable <br /> Budget Budget Actual (Unfavorable) <br /> evenues: <br /> Property taxes $ 85,522 $ 85,522 $ 85,521 $ (1) <br /> Specific ownership taxes 2,993 2,993 3,311 318 <br /> Water tap fees and PIF 8,000 8,000 8,000 - <br /> Water usage fees 18,100 18,100 20,274 2.174 <br /> I Plant investment fees 3,810 3,810 3,810 - <br /> Interest income 975 975 1,362 387 <br /> Other income - - 358 358 <br /> ' Total revenues 119,400 119,400 122,636 3,236 <br /> Expenditures: <br /> General government <br /> Professional fees 20,000 20,200 24,871 (4,671) <br /> Insurance 2,400 2,400 5,442 (3,042) <br /> Office expenses 1,000 1,000 1,468 (468) <br /> Treasurer fees 2,566 2,566 2,572 (6) <br /> Water repairs and maintenance 10,000 10,000 10,774 (774) <br /> Water operations and other 17,400 17,200 29,936 (12,736) <br /> Utilities 5,500 5,500 5,320 180 <br /> Contracts 7,500 7,500 6,795 705 <br /> Rent 3,000 3,000 3,000 - <br /> Other expenses 29,290 29,290 7,196 22,094 <br /> Capital outlay 480,000 510,000 509,185 815 <br /> Total expenditures 578,656 608,656 606,559 2,097 <br /> Net change in fund balance (459,256) (489,256) (483,923) 5,333 <br /> Fund Balance-Beginning of year 543,756 543,756 541,324 (2,432) <br /> Fund Balance-End of Year $ 84,500 $ 54,500 $ 57,401 $ 2,901 <br /> The accompanying notes are an integral part of these financial statements. <br /> 6 <br />