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02/12/2008 REVENUE & EXPENDITURE REPORT FOR CITY OF GLADWIN

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Month Ended 01/31/2008

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02:46 pm FUND 581 - AIRPORT FUND

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ACTIVITY FOR

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2007-08 2007-08 YEAR-TO-DATE MONTH ENDED AVAILABLE % OF BUDGET

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ACCOUNTDESCRIPTION ORIG BUDGETAMENDED BUDGET THRU 01/31/08 01/31/2008 BALANCE USED

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Revenues

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Dept 000

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501.000FEDERAL GRANTS0.000.00145,991.000.00(145,991.00)100.00

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539.000STATE GRANTS0.000.003,842.000.00(3,842.00)100.00

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582.000CONTRIBUTION - GLADWIN CITY30,000.0030,000.0030,000.0015,000.000.00100.00

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585.000CONTRIBUTION - GLADWIN CO30,000.0030,000.0015,000.000.0015,000.0050.00

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640.000COURTESY CAR0.000.000.000.000.000.00

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645.000OIL SALES40.0040.0052.500.00(12.50)131.25

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646.000GAS SALES45,000.0045,000.0039,891.694,521.555,108.3188.65

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665.000INTEREST EARNINGS200.00200.00111.5825.8788.4255.79

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666.000RENTS0.000.000.000.000.000.00

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670.000HANGAR LEASE PAYMENTS12,792.0012,792.008,413.65330.454,378.3565.77

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671.000MISCELLANEOUS REVENUE300.00300.00499.630.00(199.63)166.54

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673.000SALE OF FIXED ASSETS0.000.000.000.000.000.00

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675.000CONTRIBUTIONS - PRIVATE SOURCE0.000.000.000.000.000.00

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687.000REFUNDS0.000.000.000.000.000.00

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694.000CASH OVER/SHORT0.000.00(25.10)(14.00)25.10100.00

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Total - Dept 000118,332.00118,332.00243,776.9519,863.87(125,444.95)206.01

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Dept 931: APPROPRIATIONS/TRANSFERS IN

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699.101TRANSFERS IN - GENERAL FUND0.000.000.000.000.000.00

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Total - Dept 9310.000.000.000.000.000.00

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Total Revenues118,332.00118,332.00243,776.9519,863.87(125,444.95)206.01

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Expenditures

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Dept 850: AIRPORT

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702.000SALARIES & WAGES0.000.000.000.000.000.00

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726.000SUPPLIES3,500.004,597.004,434.62343.80162.3896.47

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726.200GAS40,000.0040,000.0036,871.054,119.903,128.9592.18

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726.400GAS - SALES TAX1,800.001,800.002,344.05191.69(544.05)130.23

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730.000POSTAGE100.00100.000.000.00100.000.00

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801.000PROFESSIONAL/CONTRACT SERV500.00500.001,268.001,268.00(768.00)253.60

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808.100CONTRACT - BASE30,179.0030,179.0015,473.371,558.4714,705.6351.27

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808.200CONTRACT - FUEL PROFIT0.000.000.000.000.000.00

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820.000CREDIT CARD FEES800.00800.00995.87138.20(195.87)124.48

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850.000COMMUNICATIONS1,800.001,800.00937.0547.49862.9552.06

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860.000INSTITUTES & TRANSPORTATION800.00800.00228.92125.00571.0828.62

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910.000INSURANCE & BONDS6,500.006,500.005,444.000.001,056.0083.75

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920.000UTILITIES6,000.006,000.004,831.421,010.441,168.5880.52

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930.000REPAIR & MTCE CONTRACTS4,500.004,500.006,262.020.00(1,762.02)139.16

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940.000EQUIPMENT RENTAL2,000.002,000.00186.54186.541,813.469.33

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955.000MISCELLANEOUS500.00500.003,277.321,240.00(2,777.32)655.46

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959.000BAD DEBT EXPENSE0.000.000.000.000.000.00

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968.000DEPRECIATION44,500.0044,500.0025,860.453,694.3518,639.5558.11

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975.000CAPITAL - UNDER $5,0000.000.000.000.000.000.00

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Total - Dept 850143,479.00144,576.00108,414.6813,923.8836,161.3274.99

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Dept 906: DEBT SERVICE

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995.000INTEREST281.00281.00280.210.000.7999.72

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Total - Dept 906281.00281.00280.210.000.7999.72

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Total Expenditures143,760.00144,857.00108,694.8913,923.8836,162.1175.04

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NET OF REVENUES AND EXPENDITURES(25,428.00)(26,525.00)135,082.065,939.99(161,607.06)