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Annual financial report

Bridge Fund Financial Summary and General Fund Budget Changes 2011

original file: 2011 AFR (PDF)
Brownsville

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What is this?

The 2011 Annual Financial Report shows the City of Brownsville’s Bridge Fund earned $1.53 million in service charges and $466 in investment income, while paying $1.25 million in transfers. Net assets grew to $633,169, a $279,633 increase from the prior year. The report also notes the General Fund’s revenue budget was raised by $3.94 million and its spending budget by about $8.78 million during FY 2011.

Key figures

Bridge Fund service charges (FY 2011) $1,528,935
Increase in service charges over FY 2010 $208,465
Investment and interest income (FY 2011) $466
Decrease in investment income versus FY 2010 -$402
Transfers out (FY 2011) $1,249,768
Change in net assets (FY 2011) $279,633
Total net assets ending FY 2011 $633,169
General Fund revenue budget amendment (FY 2011) $3,940,066
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