CITY OF REVERE, MASSACHUSETTS

Combined Statement of Revenues, Expenditures and Changes in Fund Equity - (Deficit)
All Governmental Fund Types and Expendable Trust Funds

Year ended June 30, 1994

        Governmental Fund Types Fiduciary
Fund Type		  
        General Special
Revenue		 Capital
Projects		 Expendable
Trust		 Total
(Memorandum
only)
Revenues:            
  Real and personal property taxes $ 32,900,290 -     -     -    32,900,290
  Motor vehicle excise   1,809,395 -     -     -    1,809,395
  Licenses and permits   385,613 -     -     -    385,613
  Investment income   104,956 70,497 -     291 175,744
  Intergovernmental   18,901,645 5,089,955 949 -    23,992,549
  Water and sewer   6,848,446 -     -     -    6,848,446
  Fines and forfeitures   1,071,585 -     -     -    1,071,585
  Departmental and other revenue   511,339 1,185,228 -     -    1,696,567
    Total revenues   62,533,269 6,345,680 949 291 68,880,189
Expenditures:            
  Current:            
    Education   21,471,054 3,457,568 -     -    24,928,622
    General government   9,609,581 1,311,538 -     -    10,921,119
    Public safety   9,155,784 41,885 -     -    9,197,669
    Public works   10,816,877 -     -     -    10,816,877
    Culture and recreation   420,742 67,513 -     -    488,255
    State and district assessments   3,521,783 -     -     -    3,521,783
    Pension   4,937,153 71,282 -     -    5,008,435
    Miscellaneous   -     955,654 -     -    955,654
  Capital outlay   -     -     1,842,701 -    1,842,701
  Debt service   1,978,379 -     -     -    1,978,379
    Total expenditures   61,911,353 5,905,440 1,842,701 -    69,659,494
    Excess (deficiency) of revenues over expenditures   621,916 440,240 (1,841,752) 291 (779,305)
Other financing sources (uses):            
  Bond proceeds   1,571,000 -     3,729,000 -    5,300,000
  Operating transfers in (out), net (note 10)   149,905 (94,898) -     -    55,007
    Total other financing sources (uses), net   1,720,905 (94,898) 3,729,000 -    5,355,007
    Excess of revenues and other financing sources over expenditures and other other financing uses   2,342,821 345,342 1,887,248 291 4,575,702
Fund equity (deficit), beginning of year   (3,231,493) 1,536,836 (1,560,490) 16,052 (3,239,095)
Fund equity (deficit), end of year $ (888,672) 1,882,178 326,758 16,343 1,336,607