Projected Budget Report |
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Local Government Name: |
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Village of Colon |
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Village of Colon |
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Local Unit Code: |
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753030 |
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753030 |
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Current Fiscal Year End Date: |
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3/31/2015 |
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42094 |
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Fund Name: |
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WATER DEPT |
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WATER DEPT |
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REVENUES |
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Current Year Budget |
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Percentage Change |
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Year 2 Budget |
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Assumptions |
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Percentage Change |
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Year 3 Budget |
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Percentage Change |
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Year 4 Budget |
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Percentage Change |
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Year 5 Budget |
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Operating Revenue |
$ |
301,050 |
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1.7 |
% |
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$ |
306,168 |
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Cost of Living Increase |
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1.7 |
% |
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$ |
311,372.70 |
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1.7 |
% |
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$ |
316,666.04 |
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1.7 |
% |
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$ |
322,049.36 |
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Rental Income |
$ |
13,755 |
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1.7 |
% |
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$ |
13,989 |
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% |
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$ |
13,988.84 |
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% |
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$ |
13,988.84 |
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% |
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$ |
13,988.84 |
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Investment Income |
$ |
457 |
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% |
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$ |
457 |
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% |
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$ |
457 |
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% |
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$ |
457.00 |
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% |
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$ |
457.00 |
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Other Revenues |
$ |
4,200 |
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% |
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$ |
4,200 |
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% |
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$ |
4,200 |
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% |
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$ |
4,200.00 |
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% |
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$ |
4,200.00 |
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$ |
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% |
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$ |
- |
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% |
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$ |
- |
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% |
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$ |
- |
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% |
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$ |
- |
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0 |
$ |
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% |
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$ |
- |
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% |
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$ |
- |
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% |
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$ |
- |
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% |
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$ |
- |
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0 |
$ |
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% |
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$ |
- |
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% |
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$ |
- |
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% |
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$ |
- |
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% |
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$ |
- |
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0 |
$ |
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% |
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$ |
- |
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% |
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$ |
- |
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% |
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$ |
- |
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% |
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$ |
- |
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0 |
$ |
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% |
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$ |
- |
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% |
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$ |
- |
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% |
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$ |
- |
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% |
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$ |
- |
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Interfund Transfers (In) |
$ |
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% |
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$ |
- |
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% |
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$ |
- |
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% |
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$ |
- |
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% |
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$ |
- |
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Total Revenues |
$ |
319,462 |
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$ |
324,814 |
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$ |
330,019 |
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$ |
335,312 |
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$ |
340,695 |
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EXPENDITURES |
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Operating Expenses |
$ |
95,363 |
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% |
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$ |
95,363 |
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% |
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$ |
95,363 |
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% |
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$ |
95,363 |
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% |
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$ |
95,363 |
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Administrative Expenses |
$ |
23,989 |
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% |
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$ |
23,989 |
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% |
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$ |
23,989 |
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% |
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$ |
23,989 |
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% |
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$ |
23,989 |
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Depreciation |
$ |
153,200 |
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% |
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$ |
153,200 |
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% |
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$ |
153,200 |
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% |
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$ |
153,200 |
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% |
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$ |
153,200 |
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Interest Expense |
$ |
60,000 |
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% |
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$ |
60,000 |
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% |
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$ |
60,000 |
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% |
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$ |
60,000 |
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% |
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$ |
60,000 |
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0 |
$ |
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% |
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$ |
- |
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% |
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$ |
- |
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% |
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$ |
- |
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% |
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$ |
- |
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0 |
$ |
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% |
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$ |
- |
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% |
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$ |
- |
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% |
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$ |
- |
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% |
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$ |
- |
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0 |
$ |
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% |
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$ |
- |
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% |
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$ |
- |
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% |
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$ |
- |
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% |
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$ |
- |
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0 |
$ |
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% |
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$ |
- |
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% |
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$ |
- |
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% |
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$ |
- |
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% |
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$ |
- |
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Capital Outlay |
$ |
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% |
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$ |
- |
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% |
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$ |
- |
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% |
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$ |
- |
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% |
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$ |
- |
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Debt Service |
$ |
100,000 |
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% |
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$ |
100,000 |
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% |
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$ |
100,000 |
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% |
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$ |
100,000 |
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% |
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$ |
100,000 |
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0 |
$ |
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% |
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$ |
- |
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% |
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$ |
- |
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% |
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$ |
- |
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% |
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$ |
- |
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Interfund Transfers (Out) |
$ |
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% |
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$ |
- |
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% |
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$ |
- |
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% |
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$ |
- |
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% |
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$ |
- |
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Total Expenditures |
$ |
432,552 |
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$ |
432,552 |
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$ |
432,552 |
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$ |
432,552 |
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$ |
432,552 |
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Net Revenues (Expenditures) |
$ |
(113,090) |
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$ |
(107,738) |
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$ |
(102,533) |
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$ |
(97,240) |
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$ |
(91,857) |
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Beginning Fund Balance |
$ |
1,583,903 |
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$ |
1,470,813 |
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$ |
1,363,075 |
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$ |
1,260,541 |
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$ |
1,163,301 |
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Ending Fund Balance |
$ |
1,470,813 |
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$ |
1,363,075 |
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$ |
1,260,541 |
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$ |
1,163,301 |
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$ |
1,071,444 |
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All Assumptions for all
Budgets |
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No major changes in any area |
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