2013

CITY OF STACY, MINNESOTA
SUMMARY FINANCIAL REPORT
REVENUES AND EXPENDITURES FOR GENERAL OPERATIONS
GOVERNMENTAL FUND
DECEMBER 31, 2013
The purpose of this report is to provide a summary of financial information concerning the City of Stacy to interested citizens. The complete financial statements may be examined at the City Hall, 30955 Forest Blvd Stacy, MN Questions about this report should be directed to Sharon Payne, City Clerk, at 651-462-4486
Percent
Total Total Increase
2013 2012 (Decrease)
REVENUES:
Taxes and Assessments $ 363,333 $ 355,225 2.28 %
Licenses and Permits 38,472 19,697 95.32 %
Intergovernmental 260,639 244,594 6.56 %
Charges for Services 25,154 12,971 93.92 %
Fines 794 1,981 (59.92)%
Investment Earnings 2,063 4,388 (52.99)%
Miscellaneous 75,193 60,884 23.50 %
Transfer In 10,000 70,125 (85.74)%
Issuance of Debt 1,495,000 - 100.00 %
Total Revenues $ 2,270,648 $ 769,865 194.94 %
Per Capita 1,642 557
EXPENDITURES:
Current
General Government $ 179,590 $ 156,696 14.61 %
Public Safety 160,354 293,944 (45.45)%
Public Works 49,120 71,988 (31.77)%
Culture and Recreation 38,960 60,059 (35.13)%
Economic Development 24,238 30,293 (19.99)%
Miscellaneous 94,447 125,523 (24.76)%
Debt Service:
Principal Payments 1,322,000 92,000 1,336.96 %
Interest Payments 82,398 74,879 10.04 %
Other Charges 49,378 - 100.00 %
Capital Outlay 91,947 22,449 309.58 %
Transfer Out – 10,125 (100.00)%
Total Expenditures $ 2,092,432 934,065 124.01 %
Per Capita 1,513 675
Long-term Indebtedness $ 1,947,000 $ 1,774,000 9.75 %
Per Capita 1,408 1,283
General Fund Unreserved Fund
Balance – December 31 $ 711,627 $ 678,135 4.94 %
Per Capita 515 490
Published in the ECM Post Review June 4, 2014 229767

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