City of Methuen Annual Report: 2012

C i t y o f M e t h u e n A n n u a l R e p o r t : 2 0 1 2CITY OF METHUEN, MASSACHUSETTSGovernmental FundsStatement of Revenues, Expenditures and Changes in Fund BalancesJune 30, 2012 (1)High Nonmajor TotalsSchool Governmental GovernmentalGeneral Revitalization Funds FundsREVENUESProperty taxes $ 64,412,641 $ - $ - $ 64,412,641Excise taxes 4,714,524 - - 4,714,524Departmental 2,090,431 - - 2,090,431Licenses and permits 1,191,807 - - 1,191,807Intergovernmental 60,465,469 3,126,939 13,210,866 76,803,274Charges for services 72,685 - 5,335,396 5,408,081Interest and penalties 407,689 - - 407,689Investment income 10,399 - 765 11,164Fines and forfeitures 236,324 - - 236,324Contributions - - 66,569 66,569Other revenue 199,988 10,651 236,507 447,146Total Revenues $ 133,801,957 $ 3,137,590 $ 18,850,103 $ 155,789,650EXPENDITURESCurrent:General government $ 24,410,780 $ - $ 121,791 $ 24,532,571Public safety 16,375,267 - 1,872,080 18,247,347Education 76,442,580 6,430,597 13,489,595 96,362,772Public works 5,373,099 - 2,426,815 7,799,914Sanitation 2,381,366 - 81,464 2,462,830Health and human services 1,098,069 - 238,873 1,336,942Culture and recreation 1,059,526 - 678,356 1,737,882Debt service:Principal 6,560,000 - - 6,560,000Interest 1,536,297 - - 1,536,297Total Expenditures 135,236,984 6,430,597 18,908,974 160,576,555Excess (deficiency) of revenues over expenditures (1,435,027) (3,293,007) (58,871) (4,786,905)24OTHER FINANCING SOURCES (USES)Issuance of notes - - - -Transfers in 1,360,523 - 1,360,523Transfers out - - (95,000) (95,000)Total Other Financing Sources (Uses) 1,360,523 - (95,000) 1,265,523Net change in fund balance (74,504) (3,293,007) (153,871) (3,521,382)Fund Balances, at Beginning of Year 2,481,169 (4,304,273) 4,669,974 2,846,870Fund Balances, at End of Year $ 2,406,665 $ (7,597,280) $ 4,516,103 $ (674,512)____________________(1) Extracted from City's audited financial statements.