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Finance - Budgets - Executive Budget Summary - 08/22/2017
EXECUTIVE BUDGET SUMMARY - REVISED BUDGET 8/22/2017 Public Hearing Changes & 8/22 CHANGES TO COMMUNITY ENHANCEMENT REVENUES - GENERAL FUND FY 17/18 FY 16/17 %EXPENDITURES - GENERAL FUND FY 17/18 FY 16/17 % CARRY OVER FUNDS FROM FY 16/17 3,273,468$ $2,568,500 27%General Administration RESERVE ACCOUNTS RESERVE ACCOUNTS 3rd Quarter Reserve-Quarterly Expenses $2,009,689 $1,880,689 7% Three month reserve for quarterly expenses Operating Account $1,000,000 $1,330,805 -25% $1,880,689 $1,842,186 2%Future Purchase of Land Reserve $0 $247,500 -100% Operating Account $1,000,000 $1,330,805 -25%Future Property Purchase $1,102,123 $876,811 0% TOTAL RESERVE ACCOUNTS $2,880,689 $3,172,991 -9%Transportation Related Projects $140,500 $140,500 0% TOTAL RESERVE ACCOUNTS $4,252,312 $4,476,305 -5% RESTRICTED FUNDS - GENERAL FUND CITY RESTRICTED FUNDS $468,180 $658,208 -29% CITY RESTRICTED FUNDS $468,180 $507,886 -8%CAPITAL EXPENDITURES $350,272 $4,665 7409% FLEET MANAGEMENT $112,000 $56,000 100%CONTRACTS (police, legal, etc) $3,418,887 $2,840,260 20% PUBLIC WORKS $236,503 $203,600 16%PERSONNEL $57,600 $45,982 25% TOTAL RESTRICTED FUNDS $816,683 $767,486 6%ADMINISTRATION $317,897 $362,655 -12% TRANSFERS OUT - TO DEPARTMENTS $1,519,612 $1,419,407 7% Property Taxes &- Penalty/Interest 1,839,712$ $1,695,331 9% Personal Property Tax Reimbursement 8,463$ $8,463 0 GRANTS $150,000 $150,000 0% State Sales Tax 357,769$ $296,634 21% TOTAL GEN FUND EXPENDITURES:$10,534,760 $9,957,482 6% State Revenue Sharing 1,628,590$ $1,419,221 15% Liquor Tax 376,367$ $321,816 17%DEPARTMENTS Franchise Fees 676,000$ $644,000 5%Executive 97,588$ 74,132$ 32% Building Dept Fees 1,515,800$ $1,429,675 6%Clerks Dept 521,114$ 451,028$ 16% Building Dept Inspections 620,000$ $605,000 2%Building Dept 768,849$ 728,606$ 6% Planning and Zoning Fees 211,500$ $152,675 39%Planning and Zoning Dept 752,717$ 686,102$ 10% Misc Permits and Fees 156,168$ $163,603 -5%Trails and Pathways 177,615$ 140,876$ 26% Misc Other Revenue 97,900$ $135,420 -28%Public Works 1,419,846$ 835,251$ 70% 7,488,269$ $6,871,838 9%IT Dept 336,620$ 268,279$ 25% Park Rec Administration $0 389,060$ -100% DEPARTMENT TOTAL 4,074,349$ 3,573,334$ 14% GRANTS $150,000 $150,000 0% TOTAL GENERAL FUND REVENUE:$14,609,109 $13,530,815 8% TOTAL GEN FUND EXPENDITURES:$14,609,109 $13,530,816 8% FY 17/18 FY 16/17 % BUDGET TOTAL - ALL FUNDS:$25,039,953 $21,815,674 15% EXECUTIVE BUDGET SUMMARY 8/22/17 CHANGES STAND ALONE FUNDS W/FUNDING FROM GENERAL FUND FY 17/18 FY 16/17 % Revene Gen Fund Budget Budget Parks and Rec Administration $31,300 $214,264 $245,564 $0 0% Recreation Program $71,500 $155,564 $227,064 $201,961 12% Community Enhance $57,090 $78,463 $135,553 $170,027 -20% Museum $2,525 $90,224 $92,749 $81,312 14% Historice Commission $12,000 $2,250 $14,250 $9,750 46% Arts Commission $20,000 $50,000 $70,000 $60,010 17% City Hall Bond Fund $0 $105,300 $105,300 $103,550 2% Capital Projects $844,400 $894,600 $1,739,000 $1,092,659 59% Eagle Fun Days $22,662 $40,588 $63,250 $0 0% Totals:$1,061,477 $1,631,253 $2,692,730 $1,719,269 57% STAND ALONE FUNDS - NO FUNDING FROM GENERAL FUND Library Fund Revenue Property Taxes $1,282,846 $1,171,843 9% Other Revenues $81,450 $328,660 -75% Total Revenue $1,364,296 $1,500,503 -9% Reserve Fund $350,000 $300,000 17% Total $1,714,296 $1,800,503 -5% Expenses Operating Costs $1,351,066 $1,330,553 2% Restricted Funds $3,230 $119,950 -97% Total Expense $1,354,296 $1,450,503 -7% Reserve Fund $360,000 $350,000 3% Total $1,714,296 $1,800,503 -5% Park Fund Revenue Carryover 3,223,608$ $2,361,710 36% IMPACT FEES New impact fees 594,779$ $560,985 6% Other 251,500$ $5,000 4930% Total Revenue 4,069,887$ $2,927,695 39% Expenses Total Expense 4,069,887$ $2,927,695 39% Pathway Fund Revenue Carryover $34,730 $0 0% IMPACT FEES New Impact Fees $145,420 $34,705 319% Bank Interest $200 $25 700% Total Revenue $180,350 $34,730 419% Expenses Total Expense $180,350 $34,730 419% Water Enterprise Revenue from operations $1,773,581 $1,563,289 13% Fund Expenses from operations $1,773,581 $1,563,289 13%