Expenditures from the 2012 city of Coon Rapids budget came in less than expected, while revenues were higher than anticipated.
According to a year-end budget report presented to the Coon Rapids City Council by Kevin Vouk, manager of accounting/treasurer, general fund expenditures for 2012 will be $24,554,197, which includes $105,068 that will be carried forward to 2013.
That’s $823,200 under the 2012 spending estimate, Vouk wrote in his report.
The carry-forwards include budgeted amounts that will not be spent until 2013, he wrote.
Revenues are anticipated to be $26,243,937 for the year, which were $268,244 more than that had been estimated, according to Vouk.
All this means that the general fund balance at the end of 2012 will increase $1,091,144 over the amount that had been estimated, Vouk wrote.
Breaking down the general fund revenues, Vouk reported that property taxes were $178,391 below estimates and the utilities tax, fine and forfeitures and investment income receipts were also down from estimates.
But that was more than made up for by increases in income from business licenses, non-business licenses and permits, intergovernmental revenue and charges for service, the latter bringing in $235,165 more than anticipated.
General fund spending was some 4.1 percent below the amended 2012 budget with all departments reporting expenditures that came in under budget.
Personal services spending was down $786,004 from the 2012 budget primarily due to staff vacancies, according to Vouk.
In other charges and services, spending was $140,200 below budget, which Vouk reported, was because of less being spent on professional and consulting services as well as maintenance and repair of equipment.
Expenditures for supplies came in $126,000 under budget thanks to office supplies, motor fuels, equipment repair parts and salt costing less than anticipated.
Savings were also found to the tune of $213,951 in the capital outlay budget.
Peter Bodley is at [email protected]