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CITY OF PEQUOT LAKES 2019 PRELIMINARY BUDGET Page: 18
<br /> , Period: 10/18 Nov 07,2018 01:38PM
<br /> 01/1&10/18 2018 2019
<br /> Current year Current year Preliminary Budget Budget
<br /> Account Number Account Title Actual Budget Budget Variance Variance%
<br /> HIGHWAY 371 FUND
<br /> TAXES
<br /> 402-31010-000 CURRENTTAXES 46,585 93,170 134,730 41,560 44.61%
<br /> Budget notes:
<br /> �2019 DEDICATED TO MAINT FACILITY INTERFUND LOAN PAYBACK$93,330(201&2029)8�50%OF STREET 8�UTILITY
<br /> IMPROVEMENTS INTERFUND LOAN PAYBACK$41,400(2019-2030)
<br /> Total TAXES: 46,585 93,170 134,730 41,560 44.61%
<br /> ASSESSMENTS/PRINCIPAUINTEREST
<br /> 402-36203-000 MISCELLANEOUS REVENUE 4,604,000 4,600,000 0 ( 4,600,000) -100.00%
<br /> 402-36210-000 INTEREST EARNINGS 15,375 6,000 6,000 0 .00
<br /> Total ASSESSMENTS/PRINCIPAUINTEREST: 4,619,375 4,606,000 6,000 ( 4,600,000) -99.87%
<br /> OTHER FINANCING SOURCES
<br /> 402-39203-000 TRANSFER FROM OTHER FUNDS 0 0 41,400 41,400 .00
<br /> Budget notes:
<br /> -2019 TRANSFER FROM WATER/SEWER FUNDS FOR 50%OF STREET 8�UTILITY IMPROVEMENTS INTERFUND LOAN
<br /> PAYBACK$41,400(2019-2030)
<br /> Total OTHER FINANCING SOURCES: 0 0 41,400 41,400 0
<br /> HIGHWAY 371 '
<br /> 402-43101-210 OPERATING SUPPLIES 2,516 0 0 0 .00
<br /> 402-43101-300 PROFESSIONAL SERVICES 1,885 500 0 ( 500) -100.00%
<br /> 402-43101-303 ENGINEERING FEES 6,332 30,000 0 ( 30,000) -100.00%
<br /> 402-43101-304 LEGAL FEES 0 500 0 ( 500) -100.00%
<br /> 402-43101-313 CONTRACT SERVICES 6,992 530 0 ( 530) -100.00%
<br /> 402-43101-350 PUBLISHING 0 100 0 ( 100) -100.00%
<br /> 402-43101-400 REPAIR/MAINTENANCE/SERVICES 233 0 0 0 .00
<br /> 402-43101-500 CAPITAL OUTLAY 199,905 0 0 0 .00
<br /> 402-43101-720 INTERFUND LOAN 705,247 4,500,000 2,112,500 ( 2,387,500) -53.06%
<br /> Budget notes:
<br /> ^2019 TRANSFER TO CAPITAL IMPROVEMENT FUND FOR STREET 8�UTILITY IMPROVEMENTS PROJECT$862,500 8�50%OF
<br /> RASMUSSEN ROAD PROJECT$1,250,000.
<br /> Total HIGHVIIAY 371: 923,111 4,531,630 2,112,500 ( 2,419,130) -53.38%
<br /> HIGHVUAY 371 FUND Revenue Total: 4,665,960 4,699,170 182,130 ( 4,517,040) -96.12%
<br /> HIGHVUAY 371 FUND Expenditure Total: 923,111 4,531,630 2,112,500 ( 2,419,130) -53.38%
<br /> Net Total HIGHVHAY 371 FUND: 3,742,849 167,540 ( 1,930,370) ( 2,097,910) -1252.18%
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