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11/09/2007 REVENUE & EXPENDITURE REPORT FOR CITY OF GLADWIN

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Month Ended 10/31/2007

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FUND 581 - AIRPORT FUND

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ACTIVITY FOR

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2007-082007-08YEAR-TO-DATEMONTH ENDEDAVAILABLE% OF BUDGET

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ACCOUNTDESCRIPTIONORIG BUDGETAMENDED BUDGETTHRU 10/31/0710/31/2007BALANCEUSED

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Revenues

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Dept 000

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539.000STATE GRANTS0.000.000.000.000.000.00

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582.000CONTRIBUTION - GLADWIN CITY30,000.0030,000.0015,000.000.0015,000.0050.00

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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 SALES40.0040.0046.506.00(6.50)116.25

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646.000GAS SALES45,000.0045,000.0024,255.7612,539.0120,744.2453.90

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665.000INTEREST EARNINGS200.00200.0057.400.32142.6028.70

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666.000RENTS0.000.000.000.000.000.00

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670.000HANGAR LEASE PAYMENTS12,792.0012,792.006,888.105,383.105,903.9053.85

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671.000MISCELLANEOUS REVENUE300.00300.0067.630.50232.3722.54

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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(9.08)0.009.08100.00

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Total - Dept 000118,332.00118,332.0061,306.3117,928.9357,025.6951.81

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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 Revenues118,332.00118,332.0061,306.3117,928.9357,025.6951.81

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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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726.000SUPPLIES3,500.003,500.0026,465.899,406.56(24,062.89)787.51

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726.200GAS40,000.0040,000.000.000.0040,000.000.00

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726.400GAS - SALES TAX1,800.001,800.00976.99240.44823.0154.28

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730.000POSTAGE100.00100.000.000.00100.000.00

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801.000PROFESSIONAL/CONTRACT SERV500.00500.000.000.00500.000.00

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808.100CONTRACT - BASE30,179.0030,179.009,462.142,226.3820,716.8631.35

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808.200CONTRACT - FUEL PROFIT0.000.000.000.000.000.00

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820.000CREDIT CARD FEES800.00800.00623.10321.09176.9077.89

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850.000COMMUNICATIONS1,800.001,800.00589.34297.201,210.6632.74

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860.000INSTITUTES & TRANSPORTATION800.00800.000.000.00800.000.00

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

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920.000UTILITIES6,000.006,000.001,733.86576.624,266.1428.90

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930.000REPAIR & MTCE CONTRACTS4,500.004,500.005,714.522,906.02(1,214.52)126.99

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940.000EQUIPMENT RENTAL2,000.002,000.000.000.002,000.000.00

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955.000MISCELLANEOUS500.00500.00140.00(10.00)360.0028.00

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959.000BAD DEBT EXPENSE0.000.000.000.000.000.00

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968.000DEPRECIATION44,500.0044,500.0014,777.403,694.3529,722.6033.21

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975.000CAPITAL - UNDER $5,0000.000.000.000.000.000.00

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Total - Dept 850143,479.00143,479.0065,927.2419,658.6676,454.7645.95

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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 Expenditures143,760.00143,760.0066,207.4519,658.6676,455.5546.05

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NET OF REVENUES AND EXPENDITURES(25,428.00)(25,428.00)(4,901.14)(1,729.73)(19,429.86)