CITIZENS' GUIDE TO LOCAL UNIT FINANCES - The Village of Colon   Per capita information 
Date Input Page  2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2012-13 2013-14
 Stmt. Of Rev & Exp - All governmental funds 
 Revenue 
 Taxes         288,479        296,699        300,174        366,371        419,597           429,325           448,413           390,075           397,488           383,162                391,185                 332               339
 Licenses & permits            10,785           10,358             7,875             9,209             9,921             11,837               8,470               5,473               5,436               3,974                     7,921                     3                    7
 from Federal Govt.                       -                      -                      -                      -                      -             10,000                        -                        -               8,000                        -                    -
 from State Govt.         230,579        226,842        221,046        218,149        215,268           210,468           193,615           197,380           286,153           236,398                215,998                 205               187
 Local contributions                         -                    -
 Charges for services            35,401           33,430           38,828           51,582           59,427             60,441             59,056             57,432             58,807             62,271                  60,058                   54                 52
 Fines & forfeitures              1,967             3,209             4,323             6,209             4,479               2,511               2,016               2,220               1,522               1,477                     2,360                     1                    2
 Interest & rent              3,055             2,470             3,764             4,286             4,776               3,722               2,284               1,895                   950                   543                        473                     0                    0
 Other revenue            17,402           17,686           13,405           25,918           16,480             15,311               7,890               5,333             56,966             19,195                  27,983                   17                 24
 total revenue         587,668        590,694        589,415        681,724        729,948           743,615           721,744           659,808           815,322           707,020                705,978                 613               612
 Expenditures 
 Legislative            15,643           17,239           26,992           26,534           21,638             23,861             26,921             31,831             30,068             27,185                  29,859                   24                 26
 General government            55,295           48,836           50,781           47,660           51,828             51,941             56,619             59,425             60,224             54,730                  59,771                   47                 52
Text Box: Please "hide" any rows that are not being used.
 Police & fire         317,925        292,622        304,005        293,819        322,415           316,585           292,981           298,367           315,846           303,541                298,348                 263               259
 Roads                          -                    -
 General public works         170,558        253,059        201,116        281,841        240,670           297,859           246,460           220,460           184,830           202,772                290,048                 176               251
 Health & welfare                       -           12,051             6,347             6,600             6,864               7,139               7,424               7,721               8,030               8,351                     8,605                     7                    7
 Community & economic development                       -                      -                 199             1,240             1,560               1,160                   950               1,957               1,420               5,170                     9,030                     4                    8
 Recreation & culture              2,688             2,119             1,860             1,874             3,096               7,788             11,991             19,030           182,203             24,326                  27,706                   21                 24
 Capital outlay                         -                    -
 Debt service            16,327             7,271           19,827           13,259           14,306             23,455             26,363             17,414             20,869                        -                        -                    -
 Unallocated fringes & insurance                         -                    -
 Net Interfund transfers                         -                    -
 Extraordinary/ Special items                         -                    -
 total expenditures         578,436        633,197        611,127        672,827        662,377           729,788           669,709           656,205           803,490           626,075                723,367                 543               627
 Surplus (shortfall)              9,232        (42,503)        (21,712)             8,897           67,571             13,827             52,035               3,603             11,832             80,945                (17,388)                   70               (15)
 Financial position - All governmental funds 
Text Box: "Hide" unused rows
 Undesignated fund balance         274,196        211,711        185,999        216,896        288,467           389,293           441,328           444,931           456,763           538,389                537,911                 467               466
 Designated                       -                        -                    -
 Reserved            91,018        111,000        115,000           93,000           89,000               2,000               2,000               2,000               2,000               1,319                     1,796                     1                    2
 Total fund balance         365,214        322,711        300,999        309,896        377,467           391,293           443,328           446,931           458,763           539,708                539,707                 468               468  
 Calculated - Unreserved fund balance         274,196        211,711        185,999        216,896        288,467           389,293           441,328           444,931           456,763           538,389                537,911                 467               466
 Liabilities not counted on a modified-accrual basis: 
 Pensions 
 Date of actuarial valuation:  12/31/2001 12/31/2002 12/31/2003 12/31/2004 12/31/2005 12/31/2006 12/31/2007 12/31/2008 12/31/2008 12/31/2009 12/31/2009
 Assets                           -                        -                        -                        -                        -                              -
 Actuarial Liability                           -                        -                        -                        -                        -                              -
 Unfunded (Overfunded)                       -                      -                      -                      -                      -                        -                        -                        -                        -                        -                              -                      -                    -
 Percent funded 
 OPEB 
 Date of actuarial valuation:  12/31/2001 12/31/2002 12/31/2003 12/31/2004 12/31/2005 12/31/2006 12/31/2007 12/31/2008 12/31/2008 12/31/2009 12/31/2009
 Assets                       -                      -                      -                      -                      -                        -                        -                        -                        -                        -                              -
 Actuarial Liability                           -                        -                        -                        -                        -                              -
 Unfunded                         -                        -                        -                        -                        -                              -                      -                    -
 Percent funded 
 Sum of all pension & OPEB plans 
 Assets                       -                      -                      -                      -                      -                        -                        -                        -                        -                        -                              -
 Actuarial Liability                       -                      -                      -                      -                      -                        -                        -                        -                        -                        -                              -
 Unfunded                       -                      -                      -                      -                      -                        -                        -                        -                        -                        -                              -                      -                    -
 Percent funded 
 Debt: 
 Bonds & contracts payable         111,324        112,617           96,966           88,058           78,649             59,270             35,905             20,188                        -                        -                              -
 Capital leases                       -                      -                        -                        -                        -
 Other contractual debt            20,000           20,000           20,000           20,000           20,000             20,000             20,000             20,000             20,000             20,000                  20,000
 Structured debt         131,324        132,617        116,966        108,058           98,649             79,270             55,905             40,188             20,000             20,000                  20,000                   17                 17
 Employee compensated absences                           -                        -                        -                        -                        -                              -                      -                    -
 Landfill closure & postclosure care                           -                        -                        -                        -                        -                              -                      -                    -
 Uninsured losses                           -                        -                        -                        -                        -                              -                      -                    -
 Other claims & contingencies                         -                    -
 Total long term debt (excl. pension & RHC)         131,324        132,617        116,966        108,058           98,649             79,270             55,905             40,188             20,000             20,000                  20,000                   17                 17
 Population information              1,227             1,227             1,227             1,227             1,227               1,227               1,227               1,207               1,154               1,154                     1,154
 Contact information: 
 For more information on our unit's finances, contact Julie Hollister at (269) 432-2532  
 Commentary: 
 The Village has no unfunded pensions or other post-employment benefits  
 Graph data, pulled from above data:   
 Revenue:                                                          10 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14
   total revenue         587,668        590,694        589,415        681,724        729,948           743,615           721,744           659,808           815,322           707,020                705,978
 Expendtiures:                                                          14  
   total expenditures         578,436        633,197        611,127        672,827        662,377           729,788           669,709           656,205           803,490           626,075                723,367