City of Copperas Cove Annual Report 2013 City of Copperas Cove Annual Report 2013 : Page 14

Financial Status Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balance As of August 31, 2013 General Revenues: Ad Valorem Taxes $ 8,957,665 52.2% Sales Taxes 2,481,354 14.5% Franchise Taxes 1,166,690 6.8% Mixed Drink Tax 8,858 0.1% Bingo Tax 72,579 0.4% Hotel Occupancy Tax 135,908 0.8% License & Permits 167,887 1.0% Charges for Services 1,867,871 10.9% Fines & Forfeitures 555,821 3.2% Administrative Reimbursements 1,153,543 6.7% Investment Earnings 61,349 0.4% Donations 149,483 0.9% Other Income 389,425 2.3% Total Revenues $17,168,433 100.0% Expenditures General Government Community Service Fleet and Facility Service Highway And Streets Public Safety Debt Service Capital Outlay Total Expenditures Other Financing Sources Net Change in Fund Balances $ 2,246,349 1,357,729 217,718 975,891 7,905,631 15,454,850 224,361 12,835,033 1,620,937 7.9% 4.8% 0.8% 3.4% 27.9% 54.5% 0.8% Governmental funds are the General Fund, Debt Service Fund, and all Special Revenue Funds. The primary operating fund of the City of Copperas Cove is the General Fund. The General Fund's primary source of revenue is derived from tax levies. This includes ad valorem taxes, sales and use taxes, and franchise taxes. Other resources are derived from fines, permits and licenses, and intergovernmental receipts. The expenditures of the governmental funds are incurred from services provided to the citizens of Copperas Cove such as: fire and police protection, parks and recreation facilities, code and health compliance, and infrastructure maintenance. In addition, the General Fund accounts for expenditures that are necessary for the administration of the municipality. During FY 2013, the governmental funds paid principal and interest in the amount of $15,454,850. The City received $12,695,400, from TXDOT to pay for the highway improvements to U.S. 190. $28,382,529 100.0% General Revenues License & Permits 1% Charges for Services 11% Administr ative Reimburse ments 7% General Expenditures Capital Outlay 1% General Govern ment 8% Commu nity Service 5% Fleet and Facility Service 1% Highway And Streets 3% Taxes 75% Other 3% Fines & Forfeiture s 3% Debt Service 54% Public Safety 28% Page 14 City of Copperas Cove 2013 Annual Report

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