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CITY OF NEW BRIGHTON, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENDITURES AND
<br />CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS
<br />For The Year Ended December 31, 2013
<br />With Comparative Totals For The Year Ended December 31, 2012
<br />Water Tax
<br />Treatment Municipal Increment
<br />General Plant No. 1 Development District #31
<br />Revenues:
<br /> General property taxes 7,431,704$ -$ -$ -$
<br /> Tax increment - - - 165,958
<br /> Licenses and permits 516,160 - - -
<br /> Intergovernmental 643,731 1,254 - -
<br /> Charges for services 3,906,107 3,143,586 7,732 23,490
<br /> Special assessments - - - -
<br /> Fines and forfeits 58,880 - - -
<br /> Investment income:
<br /> Interest on investments 50,736 66,743 66,600 (12,552)
<br /> Change in fair value of investments (255,692) (235,000) (307,719) 68,138
<br /> Interest on interfund loans - - 509,210 -
<br /> Other interest - - - -
<br /> Rents 238,722 - - -
<br /> Refunds and reimbursements 23,788 - - 3,041
<br /> In-house engineering and administrative charges - - - -
<br /> Contributions and donations 7,016 - - -
<br /> Park dedication charge - - - -
<br /> Total revenues 12,621,152 2,976,583 275,823 248,075
<br />Expenditures:
<br /> Current:
<br /> General government 1,624,280 - - -
<br /> Community development 832,263 - - 2,618,033
<br /> Parks and recreation 2,823,360 - - -
<br /> Public safety 4,748,948 - - -
<br /> Public works 1,294,684 2,341,583 - -
<br /> Interest on interfund loans - - - 160,438
<br /> Capital outlay:
<br /> Community development - - - -
<br /> Parks and recreation - - - -
<br /> Public safety - - - -
<br /> Public works - 637,184 - -
<br /> Debt service:
<br /> Principal retirement - - - -
<br /> Interest and paying agent fees - - - -
<br /> Total expenditures 11,323,535 2,978,767 - 2,778,471
<br />Revenues over (under) expenditures 1,297,617 (2,184) 275,823 (2,530,396)
<br />Other financing sources (uses):
<br /> G.O. refunding debt issued - - - -
<br /> G.O. improvement debt issued - - - -
<br /> Tax increment refunding debt issued - - - -
<br /> Refunded debt - - - -
<br /> Transfers in - 2,418 - 904,999
<br /> Transfers out (1,258,405) (234) - (1,821,862)
<br /> Sale of land 4,149 - - -
<br /> Total other financing sources (uses)(1,254,256) 2,184 - (916,863)
<br />Net increase (decrease) in fund balance 43,361 - 275,823 (3,447,259)
<br />Fund balance - (deficit) - January 1 6,035,720 - 20,227,780 (4,009,032)
<br />Change in accounting principle - see note 14 - - - 10,110,300
<br />Fund balance - (deficit) - January 1 (restated)6,035,720 - 20,227,780 6,101,268
<br />Fund balance (deficit) - December 31 6,079,081$ -$ 20,503,603$ 2,654,009$
<br />34
<br />The accompanying notes are an integral part of these financial statements.
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