TABLE 8
PROJECTED FUND BALANCES AS OF DECEMBER 31, 2004
ESTIMATED ESTIMATED PROJECTED
FUND FUND BALANCE 2004 2004 FUND BALANCE
12/31/2003 REVENUES EXPENDITURES 12/31/2004
OPERATING FUNDS:
GENERAL FUND 115,664 488,457 444,850 159,271
HIGHWAY FUND 2,460 669,360 609,243 62,577
SEWER DISTRICT 75,221 126,438 132,286 69,373
LIGHTING DISTRICT 2,787 10,600 11,000 2,387
WATER DISTRICT #1 92 500 500 92
WATER DISTRICT #2 168 10,811 10,666 313
AMBULANCE DISTRICT #1 800 48,525 35,265 14,060
AMBULANCE DISTRICT #2 0 26,790 18,895 7,895
RESERVE FUNDS:
BUILDINGS 14,937 125 4,170 10,892
SEWER REPAIR 6,082 70 6,152
PARKS RESERVE 3,913 2,550 6,463
HIGHWAY CAPITAL RESERVE 131 15,000 15,131
CAPITAL PROJECTS FUNDS:
ROAD RECONSTRUCTION BOND FUND 0 389,500 95,532 293,968   (SEE NOTE 1)
WATER DISTRICT PLANNING BOND FUND 0 83,500 35,702 47,798   (SEE NOTE 2)
NOTE 1:  12/31/04 Projected Balance includes $4,500 in interest earnings that cannot be used for improvements;
                  these funds must be used to reduce principal owed on bond issue.
NOTE 2:  12/31/04 Projected Balance includes $500 in interest earnings that can only be used for reduction in principal amount owed.