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VILLAGE OF GOWANDA, NEW YORK
Statements of Revenues, Expenditures, and Changes in Fund Balances - Governmental Funds
For the Year Ended May 31, 2025
Special Revenue
Total
Community Capital Governmental
General Development Water Sewer Projects _ Funds
REVENUES.
Real Property Taxes $ 1,113,738 - - - - 1,113,738
Other Property Tax Items 28,578 - - - - 28,578
Non-property Tax Items. 410,121 - - - - 410,121
Departmental Income 136,074 - 590,317 351,787 - 1,078,148
Intergovernmental Charges 47,255 - 92,256 671,205 - 810,716
Use of Money and Property 85,143 18,036 28,847 34,197 105,031 271,254
Sale of Praperty and ,
Compensation for Loss 2,291 - 3550 29,257 - 35,098
Licenses and Permits 2,660 - - - - 2,660
Other Revenues 4,240 - - - - 4,240
State Aid 232,026 54,742 - - 1,496,196 1,782,964
Federal Aid 10,309 : = : 3,818,486 3,828,795
Total Revenues. 2,072,435 72,778 714,370 1,086,416 5,419,713 9,366,312
EXPENDITURES
Current:
General Government Support 344,769 - 32465, 38,794 74 416,102
Public Safety 345,694 - - - - 345,694
Transportation 609,860 - - - : 609,860
Culture and Recreation 54,703 : - ~ : 54,703
Home and Community Services 36,984 68,330 437,251 681,888 7,806,238 9,030,691
Employee Benefits 176,078 - 84,353 109,658 - 370,089
Debt Service:
Principal , 421,902 - 80,000 - - 201,902
Interest 16,310 : 55,756 : 60,000 132,066
Total Expenditures 1,706,300 68,330 689,825 $30,340 7,866,312 11,161,107
Excess (deficiency) of Revenues
Over Expenditures 366,135 4,448 25,145 256,076 (2,446,599) (1,794,795)
OTHER FINANCING SOURCES (USES)
Transfers In 10,309 - - - - 10,309
Transfers Out - (10,309) - - - (10,309)
BANs Redeemed From Appropriations : = = = 55,000 55,060
Total Other Financing
Saurcas and Uses 10,309 (10,309) - - 55,000 55,000
Net Change in Fund Balance 376,444 (5,261) 25,145 256,076 —{2,391,599)—(1,739,795)
Fund Balances (Deficit) - Beginning 1,460,488 709,346 639,355 816,138 {376,700) 3,248,627
Fund Balances (Deficit) - Ending $ 1,836,932 703,485 664,500 1,072,214 (2,768,299) 1,508,832
The notes to the financial statements are an integral part of this statement
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