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VILLAGE OF GOWANDA, NEW YORK
Statement of Revenues, Expenditures and Changes in Fund Balances -
Budget and Actual - General Fund
For the Year Ended May 31, 2025
Budgeted Amounts
Variance with
Original Final Actual Final Budget
REVENUES
Real Property Taxes S$ 1,109,617 1,109,617 1,113,738 4,121
Other Property Tax Items 22,825 22,825 28,578 5,753
Non-property Tax Items 394,000 394,000 410,121 16,121
Departmentai Income 88,000 88,000 136,074 48,074
Intergovernmental Charges 62,034 87,279 47,285 (40,024}
Use of Money and Property 48,000 48,000 85,143 37,143
Sale of Property and
Compensation for Loss 1,000 1,000 2,291 1,291
Licenses and Permits 1,100 1,100 2,660 1,560
Miscellaneous 1,000 1,000 4,240 3,240
State Aid 241,263 242,681 232,026 (10,655)
Federal Aid < 10,309 10,309 -
Total Revenues 1,968,839 2,005,811 2,072,435 66,624
EXPENDITURES
Current:
General Government Support 502,816 508,544 344,769 (163,775)
Public Safety 425,703 425,703 345,694 (80,009)
Transportation 679,165 685,165 609,860 (75,305)
Culture and Recreation 61,650 84,594 54,703 {29,891}
Home and Community Services 37,050 39,350 36,984 (2,366)
Employee Benefits 242,011 242,011 176,078 (65,933)
Debt Service:
Principal 121,902 121,962 121,902 *
Interest 18,542 18,542 16,310 (2,232)
Total Expenditures 2,088,839 2,125,811 1,706,300 (419,511)
Excess (deficiency) of Revenues
Over Expenditures (120,060) (120,000} 366,135 486,135
OTHER FINANCING SOURCES (USES)
Transfers In - . 10,309 10,309
Transfers Out (80,000) (80,000} - 80,000
Total Other Financing Uses (80,000) (80,000} 10,309 90,309
Net Change in Fund Balances * (200,000) (200,000) 376,444 576,444
Fund Balances - Beginning 1,460,488 1,460,488 1,460,488 -
Fund Balances - Ending $1,260,488 1,260,488 1,836,932 576,444
*The net change in fund balances was included in the budget as an appropriation (i.e, spenddown
of fund balance.
The accompanying independent auditors' report should be read in conjunction with these statements.
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