2012 Comprehensive Annual Financial Report - the City of Tukwila

CITY OF TUKWILA: 2012 CAFRREQUIRED SUPPLEMENTAL INFORMATIONCITY OF TUKWILA, WASHINGTONSCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCESBUDGET AND ACTUALARTERIAL STREET FUNDFOR THE YEAR ENDED DECEMBER 31, 2012VARIANCE WITHORIGINAL FINAL FINAL BUDGETBUDGET BUDGET ACTUAL POSITIVE(GAAP BASIS) (GAAP BASIS) RESULTS (NEGATIVE)REVENUES:TAXES $ 211,257 $ 211,257 $ 523,083 $ 311,826INTERGOVERNMENTAL 580,581 9,941,581 1,006,599 (8,934,982)CHARGES FOR SERVICES - - 846,240 846,240INVESTMENT EARNINGS 3,820 3,820 3,153 (667)MISCELLANEOUS 1,061,000 466,000 43,271 (422,729)TOTAL REVENUES 1,856,658 10,622,658 2,422,347 (8,200,312)EXPENDITURES:CURRENT:TRANSPORTATION - - 86,305 (86,305)CAPITAL OUTLAY 6,359,204 16,083,204 9,709,676 6,373,528TOTAL EXPENDITURES 6,359,204 16,083,204 9,795,981 6,287,223EXCESS (DEFICIENCY) OF REVENUESOVER (UNDER) EXPENDITURES (4,502,546) (5,460,546) (7,373,634) (1,913,088)OTHER FINANCING SOURCES (USES):TRANSFERS IN (Note 5) 2,000,000 2,000,000 1,314,132 (685,868)TRANSFERS OUT (Note 5) (123,933) (123,933) (386,563) (262,630)GENERAL OBLIGATION BONDS PROCEEDS 350,000 9,230,000 - (9,230,000)TOTAL OTHER FINANCING SOURCES AND USES 2,226,067 11,106,067 927,569 (10,178,498)NET CHANGE IN FUND BALANCES (2,276,479) 5,645,521 (6,446,065) (12,091,586)FUND BALANCES - BEGINNING 4,789,469 4,789,469 6,929,396 2,139,927FUND BALANCES - ENDING $ 2,512,990 $ 10,434,990 $ 483,331 $ (9,951,659)The notes to the financial statements are an integral part of this statement.104