Examples from GASB Statement 34 - Sample City Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds

Examples from GASB Statement 34 included in this bulletin, copyright by the Governmental Accounting Standards Board, 401 Merritt 7, Norwalk, CT 06856 are reprinted by permission.
Sample City Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds For the Year Ended December 31, 2002
	General Fund	HUD Programs	Community Redevelopment	Route 7 Construction Fund	Other Governmental Funds	Total Governmental Funds
REVENUES:
Property taxes	$51,173,436				$4,680,192	$55,853,628
Franchise taxes	4,055,505					4,055,505
Public service taxes	8,969,887					8,969,887
Fees and fines	606,946					606,946
Licenses and permits	2,287.794					2,287,794
Intergovernmental	6,119,938	$2,578,191			2,830,916	11,529,045
Charges for services	11,374,460				30,708	11,405,168
Investment earnings	552,325	87,106	$549,489	$270,161	364,330	1,823,411
Miscellaneous	881,874	66,176		2,939	94	951,083
Total revenues	86,022,165	2,731,473	549,489	273,100	7,906,240	97,482,467

EXPENDITURES:
Current:
General government	8,630,835		417,814	16,700	121,052	9,186,401
Public safety	33,729,623					33,729,623
Public works	4,975,775				3,721,542	8,697,317
Engineering services	1,299,645					1,299,645
Health and sanitation	6,070,032					6,070,032
Cemetery	706,305					706,305
Culture and recreation	11,411,685					11,411,685
Community development		2,954,389				2,954,389
Education - payment to school district	21,893,273					21,893,273
Debt Service:
Principal					3,450,000	3,450,000
Interest and other charges					5,215,151	5,215,151
Capital outlay			2,246,671	11,281,769	3,190,209	16,718,649
Total expenditures	88,717,173	2,954,389	2,664,485	11,298,469	15,697,954	121,332,470
Excess (deficiency) of revenues over expenditures	(2,695,008)	(222,916)	(2,114,996)	(11,025,369)	(7,791,714)	(23,850,003)

OTHER FINANCING SOURCES (USES):
Proceeds of refunding bonds					38,045,000	38,045,000
Proceeds of long-term capital-related debt			17,529,560		1,300,000	18,829,560
Payment to bond refunding escrow agent					(37,284,144)	(37,284,144)
Transfers in	129,323				5,551,187	5,680,510
Transfers out	(2,163,759)	(348,046)	(2,273,187)		(219,076)	(5,004,068)
Total other financing sources and uses	(2,034,436)	(348,046)	15,256,373		7,392,967	20,266,858

SPECIAL ITEM:
Proceeds from sale of park land	3,476,488					3,476,488
Net change in fund balances	(1,252,956)	(570,962)	13,141,377	(11,025,369)	(398,747)	(106,657)
Fund balances - beginning	2,908,322	1,647,338	34,110	20,387,774	10,022,219	34,999,763
Fund balances - ending	$ 1,655,366	$ 1,076,376	$13,175,487	$ 9,362,405	$ 9,623,472	$34,893,106

The reconciliation of the net change in fund balances of governmental funds to the change in net assets in the statement of activities is presented in an accompanying schedule.