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City of Sunny Isles Beach, Florida
<br />Changes in Fund Balances of Governmental Funds
<br />Last Ten Fiscal Years
<br />(Modified Accrual Basis of Accounting)
<br />(Amounts Expressed in Thousands)
<br />Expenditures
<br />General government
<br />2014
<br />2015
<br />2016
<br />2017
<br />Revenues
<br />10,264
<br />10,908
<br />11,402
<br />11,713
<br />Real and personal property taxes
<br />$ 17,907
<br />$ 19,186
<br />$ 20,792
<br />$ 23,064
<br />Utility taxes
<br />4,381
<br />4,303
<br />4,462
<br />4,490
<br />Franchise fees
<br />1,285
<br />1,340
<br />1,364
<br />1,260
<br />Impact fees
<br />3,123
<br />12,826
<br />22,204
<br />26,375
<br />Intergovernmental revenues
<br />3,128
<br />3,612
<br />3,507
<br />3,829
<br />Licenses and permits
<br />4,012
<br />4,600
<br />5,244
<br />5,250
<br />Charges for services
<br />3,899
<br />4,034
<br />4,419
<br />4,754
<br />Fines and forfeitures
<br />415
<br />575
<br />466
<br />334
<br />Investment income (loss)
<br />1,420
<br />1,725
<br />1,167
<br />658
<br />Miscellaneous revenues
<br />815
<br />1,337
<br />870
<br />987
<br />Total revenues
<br />40,385
<br />53,538
<br />64,495
<br />71,001
<br />Expenditures
<br />General government
<br />7,448
<br />7,968
<br />8,183
<br />9,070
<br />Public safety
<br />10,264
<br />10,908
<br />11,402
<br />11,713
<br />Physical environment
<br />1,726
<br />1,717
<br />1,304
<br />1,910
<br />Culture and human services
<br />4,023
<br />4,529
<br />4,884
<br />5,690
<br />Transportation
<br />1,538
<br />1,522
<br />1,570
<br />1,492
<br />Capital outlay
<br />14,517
<br />23,422
<br />23,812
<br />23,024
<br />Debt service
<br />(3,894)
<br />(3,681)
<br />(1,143)
<br />(8,271)
<br />Principal
<br />3,121
<br />3,223
<br />3,324
<br />12,622
<br />Interest and fiscal charges
<br />1,636
<br />1,535
<br />1,433
<br />1,345
<br />Total expenditures
<br />44,273
<br />54,824
<br />55,912
<br />66,866
<br />Excess (deficiency)
<br />of revenues over expenditures
<br />(3,888)
<br />(1,286)
<br />8,583
<br />4,135
<br />Other financing sources (uses)
<br />Proceeds from sale of capital assets
<br />66
<br />4
<br />55
<br />46
<br />Insurance recoveries
<br />30
<br />81
<br />46
<br />35
<br />Contributions
<br />-
<br />-
<br />-
<br />-
<br />Lease (right -of -use asset) acquired
<br />-
<br />-
<br />-
<br />-
<br />Subscriptions acquired
<br />-
<br />-
<br />-
<br />-
<br />Transfers in
<br />3,894
<br />3,681
<br />843
<br />8,271
<br />Transfers out
<br />(3,894)
<br />(3,681)
<br />(1,143)
<br />(8,271)
<br />Total other financing
<br />sources (uses)
<br />96
<br />85
<br />(199)
<br />81
<br />Net change in fund balance
<br />(3,792)
<br />(1,201)
<br />8,384
<br />4,216
<br />Debt service as a percentage
<br />ofnoncapital expenditures
<br />15.9%
<br />15.1%
<br />14.8%
<br />31.9%
<br />(1) Impact Fees starting with fiscal year 2019 are classified under Charges for Services.
<br />(2) The following calculation excludes capital outlay that was not capitalized.
<br />G]
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