village of wellington, florida

VILLAGE OF WELLINGTON, FLORIDACHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDSLAST EIGHT FISCAL YEARS(MODIFIED ACCRUAL BASIS OF ACCOUNTING)2002 2003 2004 2005 2006 2007 2008 2009Revenues:Ad valorem taxes $ 5,988,044 $ 7,419,620 $ 9,276,804 $ 11,305,840 $ 14,618,529 $ 18,591,345 $ 17,412,203 $ 16,049,186Franchise fees 1,806,321 2,074,904 2,379,764 2,744,351 3,430,912 3,512,575 3,492,742 3,594,701Utility taxes 3,957,238 4,599,232 4,863,526 5,493,443 6,044,216 6,130,417 6,184,787 6,634,632Special assessments 2,813,656 2,827,160 2,824,179 2,827,653 2,847,120 2,862,096 3,572,397 3,549,190Impact fees 1,243,927 2,439,987 3,631,777 5,190,651 2,334,864 1,280,370 676,741 356,648Licenses and p ermits 4,289,117 5,715,589 5,600,787 6,608,264 5,262,986 4,132,615 3,276,635 2,963,269Intergovernmental revenue 5,289,288 6,737,315 5,922,997 6,770,194 8,290,170 14,832,375 9,716,493 13,507,676Charges for services 2,197,739 2,251,457 2,285,833 2,199,144 2,069,176 2,223,313 2,145,313 1,766,751Fines and forfeitures 262,650 300,308 275,880 403,526 258,301 747,439 613,082 540,967Investment income 1,376,992 781,265 562,948 1,054,410 2,494,561 3,644,017 2,910,930 3,401,293Miscellaneous 781,877 1,007,004 782,116 1,680,232 2,948,972 626,192 660,002 793,166Total revenues 30,006,849 36,153,841 38,406,611 46,277,708 50,599,807 58,582,754 50,661,325 53,157,479Expenditures:Current:General government 5,324,877 5,995,634 6,765,480 7,733,680 8,588,524 9,928,265 9,228,588 8,776,393Public safety 3,530,068 3,820,632 4,634,172 5,031,954 5,099,928 5,719,752 6,457,703 6,986,980Physical environment 6,618,249 6,918,191 7,716,972 9,076,637 10,493,497 10,437,973 10,379,479 11,443,114Transportation 1,398,041 1,539,299 1,510,342 1,614,248 1,678,057 1,392,802 1,453,173 1,526,599Culture and recreation 3,952,117 4,098,834 4,426,043 6,044,649 7,012,595 7,334,738 7,035,024 6,016,607Capital out lay 6,160,868 11,163,250 11,756,471 9,337,123 13,630,058 15,073,268 7,500,174 13,773,712Debt service:Principal retirement 545,000 760,000 985,000 1,110,000 1,115,000 1,170,000 1,215,000 1,270,000Interest and other fiscal charges 839,106 1,098,371 1,222,401 1,125,985 1,041,979 987,385 936,915 883,533Total expenditures 28,368,326 35,394,211 39,016,881 41,074,276 48,659,638 52,044,183 44,206,056 50,676,938Excess (deficiency) of revenues over expenditures 1,638,523 759,630 (610,270) 5,203,432 1,940,169 6,538,571 6,455,269 2,480,541Other financing sources (uses):Transfers in 19,525,599 12,415,248 22,539,411 26,800,713 23,552,453 28,615,829 64,196,121 29,451,290Transfers out (17,594,600) (10,704,101) (22,016,050) (26,746,301) (21,302,453) (26,392,561) (58,742,535) (25,807,386)Bond proceeds 5,788,998 6,520,578 - 9,995,000 - - - -Payment to refunded bond escrow agent - - - (9,931,197) - - - -Sale of capital asset 815,216 35,717 895,709 304,585 59,184 13,348 400 -Total other financing sources (uses) 8,535,213 8,267,442 1,419,070 422,800 2,309,184 2,236,616 5,453,986 3,643,904Net change in fund balances $ 10,173,736 $ 9,027,072 $ 808,800 $ 5,626,232 $ 4,249,353 $ 8,775,187 $ 11,909,255 $ 6,124,445Debt service as a percentageof non-capital expenditures 5.93% 7.27% 7.73% 6.76% 5.89% 5.71% 5.74% 5.75%Note: Information prior to 2002 is not available.Fiscal Year82