CITY OF REVERE, MASSACHUSETTS
Statement of Revenues and Expenditures - Budgetary Basis - General Fund
Budget and Actual
Year ended June 30, 1998
(in thousands)
									Variance
					Final				favorable
					budget		Actual		(unfavorable)
Revenues:
	Real and personal property taxes			$	35,965		35,965		—
	Motor vehicle excise				2,000		2,544		544
	Licenses and permits				490		454		(36)
	Investment income				400		451		51
	Intergovernmental				29,515		28,999		(516)
	Water and sewer				7,100		7,471		371
	Fines and forfeitures				950		1,086		136
	Departmental and other revenue				1,684		1,777		93
		Total revenues			78,104		78,747		643
Expenditures:
	Education				31,981		31,981		—
	General government				11,243		11,448		(205)
	Public safety				11,145		11,135		10
	Public works				11,659		11,713		(54)
	Culture and recreation				513		510		3
	State and district assessments				3,726		3,881		(155)
	Pension and fringe				5,725		5,725		—
	Debt service				2,073		2,073		—
	Miscellaneous				736		733		3
		Total expenditures			78,801		79,199		(398)
		Excess (deficiency) of revenues over expenditures			(697)		(452)		245
Other financing sources:
	Operating transfers in, net				608		642		34
		Excess (deficiency) of revenues and other financing
			sources over expenditures		(89)	$	190		279
Other budget items:
	Prior year deficits raised				(166)
	Other budget items				95
	Overlay surplus				160
		Total other budget items			89
		Net budget		$	—
See accompanying notes to general purpose financial statements.