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CITY OF NEW BRIGHTON, MINNESOTA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS For The Year Ended December 31, 2007 With Comparative Totals For The Year Ended December 31, 2006 The accompanying notes are an integral part of these financial statements. General Revenues: General property taxes $6,724,949 Tax increment - Licenses and permits 862,997 Intergovernmental 911,087 Charges for services 3,598,304 Notes receivable payments - Special assessments - Fines and forfeits 57,784 Investment income: Interest on investments 190,940 Change in fair value of investments 90,964 Other interest - Interest on intertbnd loans - capital use fee - Rents 167,375 Contributions and donations 7,495 Refunds and reimbursements (34,484) Park dedication charge - Total revenues 12,577,411 Expenditures: Current: General government 1,568,564 Community development 822,121 Parks and recreation 2,431,463 Public safety 4,304,427 Public works 1,144,595 Interfirrd interest - Interest on interfund loans - Capital outlay: General government - Community development - Parks and recreation - Public safety - Public works - Debt service: Principal retirement - interest and paying agent fees Total expenditures 10,271,170 Revenues over (under) expenditures 2,306,241 Other financing sources (uses): G.O. improvement debt issued - Tax increment debt issued - Premium (discount) on debt issued - Refunded debt - Transfers in 105,433 Transfers out (1,657,537) Sale of land or capital assets 2,014 Total other financing sources (uses) Net increase (decrease) in fund balance 756,151 Fund balance - (deficit) - January 1 4,766,219 Fund balance (deficit) - December 31 $5,522,370 The accompanying notes are an integral part of these financial statements.