CITY OF REVERE, MASSACHUSETTS |
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Statement
of Revenues and Expenditures - Budgetary Basis - General Fund Year ended June 30, 1997
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Final |
Actual |
Variance |
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| Revenues: | ||||
| Real and personal property taxes | $32,934,835 |
$32,934,835 |
$ - |
|
| Motor vehicle excise | 1,800,000 |
2,022,161 |
222,161 |
|
| Licenses and permits | 500,000 |
492,770 |
(7,230) |
|
| Investment income | 390,000 |
422,527 |
32,527 |
|
| Intergovernmental | 26,183,884 |
25,850,601 |
(333,283) |
|
| Water and sewer | 7,900,000 |
7,533,481 |
(366,519) |
|
| Fines and forfeitures | 940,000 |
981,515 |
41,515 |
|
| Departmental and other revenue | 873,266 |
437,430 |
(435,836) |
|
Total revenues |
71,521,985 |
70,675,320 |
(846,665) |
|
| Expenditures: | ||||
| Education | 28,063,728 |
28,061,747 |
1,981 |
|
| General government | 11,510,356 |
11,499,568 |
10,788 |
|
| Public safety | 10,651,127 |
10,597,900 |
53,227 |
|
| Public works | 11,677,598 |
11,656,233 |
21,365 |
|
| Culture and recreation | 472,393 |
465,216 |
7,177 |
|
| State and district assessments | 3,594,562 |
3,683,865 |
(89,303) |
|
| Pension and fringe | 5,598,997 |
5,592,363 |
6,634 |
|
| Debt service | 1,134,322 |
1,134,322 |
- |
|
Total expenditures |
72,703,083 |
72,691,214 |
11,869 |
|
Excess (deficiency) of revenues over expenditures |
(1,181,098) |
(2,015,894) |
(834,796) |
|
| Other financing sources: | ||||
| Operating transfers in, net | 300,442 |
300,442 |
- |
|
Excess (deficiency) of revenues and other financing sources over expenditures |
(880,656) |
$(1,715,452) |
$(834,796) |
|
| Other budget items: | ||||
| Free cash appropriation | 981,256 |
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| Prior year deficits raised | (61,534) |
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| Other budget items | (39,066) |
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Total other budget items |
880,656 |
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| Net budget | $- |
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| See accompanying notes to general purpose financial statements. | ||||