I
<br /> ITown of Palisade, Colorado
<br /> STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES -
<br /> 1 GOVERNMENTAL FUNDS
<br /> Year ended December 31, 2009
<br /> INon-major
<br /> General Governmental
<br /> I Fund Funds Total
<br /> Revenues
<br /> Taxes and special assessments $ 2,095,027 $ 29,995 $ 2,125,022
<br /> I License and permits 17,673 17,673
<br /> Intergovernmental 3 358,955 28,471 3 387,426
<br /> Fines and forfeitures 11,647 - 11,647
<br /> I Charges for services 488,195 - 488,195
<br /> Interest income 22,157 22,157
<br /> Miscellaneous 302,030 10,080 312,110
<br /> Total revenues 3,295,684 68,546 3,364,230
<br /> IExpenditures
<br /> Current:
<br /> I General government 836,877 40,075 876,952
<br /> Public safety 903,334 903,334
<br /> Public works and parks 376,572 376,572
<br /> Culture and recreation 256,187 42,389 298,576
<br /> Cemetery 34,026 - 34,026
<br /> Capital outlay:
<br /> Public works and parks 4,257 - 4,257
<br /> I Recreation 797,461 - 797,461
<br /> Public Safety 15,089 15,089
<br /> Total expenditures 3,223,803 82,464 3,306,267
<br /> INet change to fund balance 71,881 (13,918) 57,963
<br /> Fund balance,January 1 2,459,226 40,364 2,499,590
<br /> I Fund balance,December 31, $ 2,531,107 $ 26,446 $ 2,557,553
<br /> Net change in fund balance(as reported above) $ 57,963
<br /> Amounts reported for governmental activities in the Statement of Activities are different because:
<br /> IGovernmental funds report capital lease payments as expenditures, However,in the
<br /> governmental activities statements these expenditures offset the remaining principal. 11,978
<br /> IGovernmental funds report capital outlays as expenditures.However,in the statement
<br /> of activities the cost of capital assets is allocated over estimated useful lives
<br /> I and reported as depreciation expense.This is the amount that capital outlays
<br /> exceeded depreciation in the current period($794,166- $241,352). 552,814
<br /> Change in net assets of governmental activities $ 622,755
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<br /> The accompanying notes are an integral part of this financial statement.
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