Revenues:

State Sources:

Racing Commission Funds Local Sources:

Investment Earnings

$

222,100

-

$

222,100

-

$

223,250

-

$

1,150

-

Total Revenues

222,100

222,100

223,250

1,150

Expenditures:

Debt Service:

Principal

125,000

2,130,000

2,130,000

-

Interest

97,057

128,700

128,699

1

Fiscal Charges

1,000

163,832

142,646

21,186

Total Expenditures

223,057

2,422,532

2,401,345

21,187

Excess (Deficiency) of Revenues

Over Expenditures

(957)

(2,200,432)

(2,178,095)

22,337

Other Financing Sources (Uses):

Issurance of Special Acts Bonds

163,832

163,832

-

Transfers In

2,101,380

2,101,379

(1)

Total Other Financing Sources

-

2,265,212

2,265,211

(1)

Net Change in Fund Balance

(957)

64,780

87,116

22,337

Fund Balance, Beginning

42,640

42,640

42,640

-

Fund Balance, Ending

$ 41,683

$ 107,420

$ 129,756

$ 22,337