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VILLAGE OF GOWANDA, NEW YORK Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual - Water Fund For the Year Ended May 31, 2025 Budgeted Amounts Variance with Original Final Actual Final Budget REVENUES Departmental Income 603,860 603,860 590,317 (13,543) Intergovernmental Charges 91,569 91,569 92,256 687 Use of Money and Property 12,000 12,000 28,847 16,847 Sale of Property and Compensation for Loss - - 3,550 3,580 Total Revenues 707,429 707,429 714,970 7,541 EXPENDITURES Current: General Government Support 34,080 34,080 32,465 (1,615) Home Community and Services 506,897 546,897 437,251 (109,646) Employee Benefits 90,200 90,200 84,353 (5,847) Debt Service: Principal 80,000 80,000 80,000 - Interest 122,002 82,002 55,756 (26,246) Total Expenditures 833,179 833,179 689,825 (143,354) Excess (Deficiency) of Revenues Over Expenditures (125,750) (125,750) 25,145 150,895 OTHER FINANCING SOURCES AND USES Transfers Out (10,000) (10,000) - 10,000 Total Other Financing Sources and Uses (10,000) (10,000) - 10,000 Net Changes in Fund Balances * (135,750) (135,750) 25,145 160,895 Fund Balances - Beginning 639,355 639,355 639,355 - Fund Balances - Ending 503,605 503,605 664,500 160,895 *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. 39