Ozaukee County, Wisconsin Statement of Revenues, Expenditures and Changes in Fund Balance (Deficit) Budget and Actual Capital Projects Fund - Tax Incremental Financing District No. 3 For the Year Ended December 31, 2016 Budgeted Amounts Variance with Original Final Actual Final Budget Revenues Taxes $ 655,073 $ 655,073 $ 645,767 $ (9,306) Intergovernmental 4,132 4,132 3,082 (1,050) Donations 5,350 5,350 2,165 (3,185) Investment income 375 375 3,271 2,896 Miscellaneous - - 18,409 18,409 Total revenues 664,930 664,930 672,694 7,764 Expenditures Current General government 42,236 42,236 47,973 (5,737) Public works - - - - Conservation and development 383,752 383,752 219,822 163,930 Capital outlay 733,300 733,300 298,960 434,340 Debt service Interest and fiscal charges 15,000 15,000 19,948 (4,948) Total Expenditures 1,174,288 1,174,288 586,703 587,585 Excess (Deficit) of Revenues Over (Under) Expenditures (509,358) (509,358) 85,991 595,349 Other Financing Sources (Uses) Transfers in 721,345 721,345 432,048 (289,297) Transfers out (1,399,609) (1,399,609) (1,399,609) - Debt issued 1,130,690 1,130,690 1,130,000 (690) Debt issuance premiums - - 47,092 47,092 Total Other Financing Sources (Uses) 452,426 452,426 209,531 (242,895) Net Change in Fund Balance $ (56,932) $ (56,932) 295,522 $ 352,454 FUND BALANCE (DEFICIT) - BEGINNING OF YEAR (680,834) FUND BALANCE (DEFICIT) - END OF YEAR $ (385,312) VILLAGE OF GRAFTON 106