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11 months ago

2018 Adopted Annual Operating & Capital Improvement Budget

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SEWER GENERAL IMPROVEMENT DISTRICT #1 FUND FINANCIAL SUMMARY 2016 Audited Actuals 2017 Amended Budget 2018 Adopted Budget % Change Revenue: Taxes & Assessments $ 99,662 $ - $ - 0.00% Investment Earnings 4,647 - - 0.00% Total Revenue 104,309 - - 0.00% Expenditures: Purchased Services 2,346 1,270,414 - -100.00% Supplies/Non-Capital Equipment 13,944 - - 0.00% Total Expenditures 16,290 1,270,414 - -100.00% Excess/(Deficiency) of Revenues Over Expenditures 88,019 (1,270,414) - -100.00% Net Change In Fund Balance: 88,019 (1,270,414) - -100.00% Cumulative Fund Balance Beginning Fund Balance 1,182,395 1,270,414 - -100.00% Ending Fund Balance 1,270,414 - - 0.00% Less Restrictions, Commitments, & Assignments: SGID #1 Restriction 1,270,414 - - 0.00% Unassigned Fund Balance $ - $ - $ - 0.00% Note: In February 2017, the City dissolved the Sewer General Improvement District and transferred all assets and operations to the Southgate Sanitation District. 175