CITY OF REVERE, MASSACHUSETTS
Combined Statement of Revenues, Expenditures and Changes in Fund Equity
All Governmental Fund Types and Expendable Trust Funds
Year ended June 30, 1998
(in thousands)
												Fiduciary
						Governmental fund types						fund type		Total
								Special		Capital		Expendable		(memorandum
						General		Revenue		Projects		Trust		only)
Revenues:
	Real and personal property taxes				$	37,708		—		—		—		37,708
	Motor vehicle excise					2,544		—		—		—		2,544
	Licenses and permits					454		—		—		—		454
	Investment income					450		3		—		—		453
	Intergovernmental					28,999		8,201		565		—		37,765
	Water and sewer					7,471		—		—		—		7,471
	Fines and forfeitures					1,086		—		—		—		1,086
	Departmental and other revenue					1,774		824		—		98		2,696
			Total revenues			80,486		9,028		565		98		90,177
Expenditures:
	Current:
		Education				31,948		4,849		—		—		36,797
		General government				11,467		271		—		—		11,738
		Public safety				11,297		1,130		—		—		12,427
		Public works				12,309		—		—		—		12,309
		Culture and recreation				508		14		—		118		640
		State and district assessments				3,881		—		—		—		3,881
		Pension and fringe				5,568		—		—		—		5,568
		Miscellaneous				735		2,015		—		—		2,750
	Capital outlay					—		—		5,650		—		5,650
	Debt service					1,998		—		—		—		1,998
			Total expenditures			79,711		8,279		5,650		118		93,758
			Excess (deficiency) of
				revenues over expenditures		775		749		(5,085)		(20)		(3,581)
Other financing sources (uses):
	Bond proceeds (note 7)					—		—		826		—		826
	Operating transfers in (out), net
		(note 8)				467		(494)		(15)		42		—
			Total other financing sources
				(uses), net		467		(494)		811		42		826
			Excess (deficiency) of revenues
				and other financing sources
				over expenditures and
				other financing uses		1,242		255		(4,274)		22		(2,755)
Fund equity, beginning of year						533		2,049		6,699		64		9,345
Fund equity, end of year					$	1,775		2,304		2,425		86		6,590
See accompanying notes to general purpose financial statements.