City of Saline EDC Statement of Revenues and Expenditures

 12/14/2012 - 14:56

 

City of Saline
Economic Development Corporation
STATEMENT OF REVENUES AND EXPENDITURES
June 30, 2012
       
The following is a statement of the revenues and expenditures for the fiscal year July 1, 2011 through June 30, 2012, published in accordance with the provisions of Act 338, P.A. 1974, as amended.  Copies of this report may be requested by writing the Treasury Department, 100 North Harris Street, Saline, MI 48176, or calling (734) 429-4907, ext. 2236.
       
       
REVENUES      
Contribution from the Tax Increment Finance Authority       
of the City of Saline    $       135,000  
Fees and charges for services               26,293  
Interest and other revenue                 4,290  
Total Revenue    $       165,583  
       
EXPENDITURES      
Professional services    $         23,843  
Supplies and postage                    220  
Utilities                 3,857  
Repairs and maintenance                        0  
Conferences and training                    236  
Administrative               60,271  
Promotional services               16,283  
Rental expense                        0  
Community relations                 2,762  
Community events               20,723  
Other                        0  
Contributions to City of Saline General Fund for Projects   0  
Total Expenditures    $       128,195  
       
Excess of Revenue over Expenditures    $         37,388  
Fund Balance - July 1, 2011               51,623  
Fund Balance - June 30, 2012    $         89,011  
       
       
CITY OF SALINE ECONOMIC DEVELOPMENT CORPORATION      
       
       
Signed:  David A. Guenther, Treasurer Date:  December 5, 2012  

 

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Tran Longmoore
Tran Longmoore is a veteran community journalist. He is founder and owner of TheSalinePost.com. He is co-publisher of The Saline Post weekly newspaper. Email him at tran@thesalinepost.com or call him at 734-272-6294.

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