Brookfield December 31, 2007 reports

Sorry there was a delay, but here they are.

Combined Balance Sheet

Revenues and Expenses including Fund Balance




  1. So we spent 200k more than we planned, and we still have 12 million left. Is that correct?

  2. There’s about 12 million in the account labeled fund balance. There’s 87 million in cash and investments. (This includes some earmarked funds and some bonding that’s not been spent.)

    I don’t see the 200k more than planned. Maybe you can help me find what you see.

  3. El gato says:

    I see 33,605K actual revenue and 33,515K actual expenses for an 80K positive balance. No?

    Looks like the budget plan was to spend about 879,000 more than revenue, but revenues were higher than budget and expenses were less. So instead of reserves going down they went up. Of course that was applied to this year’s budget?

    Who ever heard of having 87 Million in the bank by a taxing authority? That’s as bad as a church sitting on a huge bank account “just in case” while the world needs food, clothes, and Bibles. Do you know the parable of the rich man and his barns?

  4. I was looking at the fund balance document. I don’t understand the conventions of these documents at all. You could give me a lesson on that sometime. (Actually, Grant’s explanation is pretty clear. Thanks!)What in the world is a negative excess?

  5. Which page is “negative excess” on?

  6. To be accurate: “Excess of revenues over (under) expenditures.” It is on the revenues and expenses including fund balances page.

  7. This of it like this – more revenues than expenses this year (OVER) or less revenues than expenses (UNDER)

    The parenthesis are a common way to denote negative numbers, just like a minus sign would.

  8. Yes, that’s what I thought, but the line item is labeled “excess of revenues.” Clearly, I’m making this too complicated–and they aren’t saying what they mean.