LEGAL NOTICE |
CITY OF AUSTIN, MINNESOTA |
SUMMARY BUDGET STATEMENT |
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The purpose of this report is to provide summary information about the City
of Austin's 1998 budget to interested citizens. This summary is |
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published in accordance with Minnesota Statutes Section 471.6965. |
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The complete city budget may be examined at 500 4th Avenue N.E., |
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Austin, Minnesota, 55912, City Administrator's office. |
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The City Council approved this budget on December 15, |
1997. |
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CITY OF AUSTIN, MINNESOTA |
1998 BUDGET |
BUDGETED GOVERNMENTAL FUNDS |
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1997 |
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1998 |
Amended |
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Budget |
Budget |
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REVENUES |
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Property
Taxes |
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2,163,795
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2,163,795
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Licenses
and Permits |
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232,875
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230,550
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Intergovernmental |
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5,973,826
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5,883,708
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State
Categorical Aid |
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303,998
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297,628
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County/Local
Grants |
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254,202
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214,419
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Charges
for Services |
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295,265
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302,449
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Fines
and Forfeits |
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40,000
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35,000
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Miscellaneous |
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2,353,660
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2,427,444
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Interest
Earnings |
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626,934
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882,712
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Special
Assessments |
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327,000
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325,691
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TOTAL
REVENUES |
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12,571,555
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12,763,396
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EXPENDITURES |
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General
Government |
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1,171,328
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1,123,812
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Public
Safety |
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3,449,221
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3,820,397
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Highways
and Streets |
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2,693,550
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2,628,755
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Culture
and Recreation |
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2,619,040
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2,434,680
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General
Obligation Debt Service |
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1,227,862
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1,398,645
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Miscellaneous |
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1,258,650
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1,315,357
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Health
Officer |
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1,600
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1,600
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Business
Development |
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90,300
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90,300
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TOTAL
EXPENDITURES |
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12,511,551
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12,813,546
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EXCESS
(DEFICIT) OF REVEN |
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OVER
EXPENDITURES |
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60,004
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(50,150) |
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OTHER FINANCING SOURCES (USES) |
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Transfers
from Other Funds |
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73,450
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111,145
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Transfers
to Other Funds |
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(61,887) |
(270,755) |
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Subtotal Other Financing Sources (Uses) |
11,563
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(159,610) |
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EXCESS (DEFICIT) OF REVENUES AN |
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OTHER SOURCES OVER EXPENDITUR |
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AND
OTHER USES |
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71,567
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(209,760) |
(1) |
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PROPERTY TAX LEVY REQUIREMENT |
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TO
FINANCE THIS BUDGET |
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2,163,795
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2,163,795
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(1) - Source of funding accumulated in prior years for capital improvements
and building projects. |
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