Complete Document - City of Auburn

City of AuburnSpecial School Tax FundComparative Revenues, Expenditures and Changes in Fund BalancesActualFive YearBudgeted^(Unaudited) Actual (Audited) PercentFY 04 FY 03 FY02 FY01 FY00 ChangeRevenues:General property tax $ 1,700,000 $ 1,650,000 $ 1,652,854 $ 1,526,106 $ 1,442,314 17.87%Interest 15,000 - 7,841 16,347 9,224 62.62%Total revenues 1,715,000 1,650,000 1,660,695 1,542,453 1,451,538 18.15%Other financing sources (OFS):Proceeds of debt^^ - - 26,877,867 - - n/aTransfers in from other funds 3,550,000 3,250,000 2,617,083 1,650,000 2,379,303 49.20%Total revenues and OFS 5,265,000 4,900,000 31,155,645 3,192,453 3,830,841 37.44%Expenditures:General operationsTax administration fees77,436 74,200 77,374 70,520 58,621 32.10%Appropriation to Bd. of Education 2,800,000 2,800,000 14,580,431 530,000 1,195,452 134.22%Debt service 2,375,229 2,224,904 2,403,569 2,489,635 2,387,438 -0.51%Total expenditures 5,252,665 5,099,104 17,061,374 3,090,155 3,641,511 44.24%Other financing uses (OFU):Debt refunding - - 14,297,436 - - n/aTotal expenditures and OFU 5,252,665 5,099,104 31,358,810 3,090,155 3,641,511 44.24%Excess of revenues and other sourcesover expenditures and other uses 12,335 (199,104) (203,165) 102,298 189,330 -93.48%Fund balance, beginning of year (102,719) 96,385 299,550 197,252 7,922 -1396.63%Fund balance, end of year $ (90,384) * $ (102,719) * $ 96,385 $ 299,550 $ 197,252 -145.82%^ Beginning and ending fund balances for budgeted years have been updated from budget ordinance amounts to reflectunaudited ending fund balance at September 30, 2002.^^ Includes refunding debt proceeds* The negative fund balances at FY03 and FY04 result from a less than expected fund balance at 9/30/02. The fund balancein Additional School Tax Fund is adequate to make up the deficit. Both funds will be adjusted at mid-biennium.249