ANNUAL REPORT FOR CITY OF BIG STONE CITY

­ANNUAL REPORT FOR CITY OF BIG STONE CITY

AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2022

 

GOVERNMENTAL FUNDS-MODIFIED CASH Basis

                 Total

General Fund Governmental Funds

Beginning Balance 89,740.16 89,740.16

Revenues and Other Sources:

Taxes:

Property Taxes 134,777.10 134,777.10

General Sales and Use Taxes ­­­ 470,533.89 470,533.89

Licenses and Permits 4,953.00 4,953.00

Intergovernmental Revenues:

Motor Vehicle 2,362.38 2,362.38

Highway & Bridge Fund 22,297.85 22,297.85

Bank Franchise Tax 1,066.69 1,066.69

Liquor Tax Revision 2,222.55 2,222.55

County Shared Revenue:

County Road Tax 2,425.90 2,425.90

Charges for Goods and Services:

General Government 2,204.50 2,204.50

Sanitation 61,656.47 61,656.47

Other 6,144.08 6,144.08

Miscellaneous Revenue and Other Sources:

Investment Earnings 278.91 278.91

Rentals 25.00 25.00

Other Revenues 12,687.10 12,687.10

Compensation for Loss or Damage to Capital Assets 21,437.65 21,437.65

Total Revenue and Other Sources 745,073.07 745,073.07

Expenditures and Other Uses:

Legislative   20,553.07 20,553.07

Executive 2,729.40 2,729.40

Elections 1,509.40 1,509.40

Financial Administration 116,831.11 116,831.11

Other General Government 18,415.70 18,415.70

Police 120,309.97 120,309.97

Fire 10,840.54 10,840.54

Highways and Streets 336,562.35 336,562.35

Sanitation 60,894.26 60,894.26

Health 23.18 23.18

Recreation 749.37 749.37

Parks 75,103.10 75,103.10

Libraries 1,262.93 1,262.93

Economic Development and Assistance (Industrial Development) 2,357.07 2,357.07

Total Expenditures and Other Uses 768,141.45 768,141.45

Transfers In (Out) 8,220.38 8,220.38

Extraordinary Item (specify) 1,665.81 1,665.81

Increase/Decrease in Fund Balance -13,182.19 -13,182.19

Ending Fund Balance: 

Unassigned 76,557.97 76,557.97

Total Ending Fund Balance 76,557.97 76,557.97

PROPRIETARY FUNDS-MODIFIED CASH Basis

Water Fund Sewer Fund Electric Fund Liquor Fund

Beginning Balance 495,888.87 148,266.66 1,240,140.62 503,734.80

Revenues 325,915.59 91,568.58 1,475,707.20 598,274.42

Expenses 196,063.94 107,459.75 1,139,586.95 531,019.33

 

Ending Balance: 625,740.52 132,375.49 1,576,260.87 570,989.89

The preceding financial data does not include fiduciary funds or component units. Information pertaining to those activities may be obtained by contacting the municipal finance officer at1-605- 862-8121.

Municipal funds are deposited as follows:

Depository Amount

MinnWest Bank $2,863,714.26

SD Public Funds Investments $118,210.48

Published once at an approximate cost of $149.76 and can be viewed free of charge at www.sdpublicnotices.com.