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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 <br /> I <br /> I <br /> The accompanying notes are an integral part of this financial statement. <br /> I - 14- <br />