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Proposed Tentative Budget Fiscal Year 2014-15 Chancy A. Nutt, Finance Administrator.

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Presentation on theme: "Proposed Tentative Budget Fiscal Year 2014-15 Chancy A. Nutt, Finance Administrator."— Presentation transcript:

1 Proposed Tentative Budget Fiscal Year 2014-15 Chancy A. Nutt, Finance Administrator

2 Summary by Fund Source of Funds: General Fund Highway Users Tax Fund Local Transit Assistance Justice Court Revenue Fund Water Enterprise Total All Funds Fund Balance Beginning $ 2,559,875 $ 410,682 $ 1,310 $ 74,330 $ 62,956 $ 3,109,153 Operating Revenue 1,688,988 226,574 23,775 167,500 2,106,837 Grants Revenue 60,400 467,065 527,465 Interest Earnings / Other Revenue Sources 30,250 5,242 35,492 Available Funds 4,339,513 637,256 1,310 98,105 702,763 5,778,947 Use of Funds: Operating Expenditures 1,080,255 47,100 105,550 1,232,905 Personnel Services Exp. 183,895 23,600 58,200 265,695 Capital Outlay 65,000 177,793 1,310 98,105 9,000 351,208 Grants 60,400 467,065 527,465 Contingency 2,328,358 387,821 60,837 2,777,016 Rainy Day Restricted Funds 600,000 Total use of funds $ 4,317,908 $ 636,314 $ 1,310 $ 98,105 $ 700,652 $ 5,754,289 Less 2% of operating revenue: reserve 21,605 942 - - 2,111 24,658 Fund Balance Ending $ (0) $ - $ (0)

3 Funds as related to the whole

4 All Fund Summary proposed tentative budget FY 14-15 Revenues: Operating Revenue $ 2,106,837 Grants/One Time Revenue 527,465 Other 35,492 Total Revenue $ 2,669,794 Expenditures: Operating Expenditures $ 1,232,905 Personnel Services Exp. 265,695 Capital Outlay 351,208 Grants 527,465 Contingency 2,777,016 Rainy Day Restricted Funds 600,000 Total Expenditures $ 5,754,289 Excess of revenues over/(under) expenditures, or budget surplus (deficit) (3,084,495) Cumulative amount available for appropriations (or unreserved fund balance) from prior years 3,109,153 Less 2% of operating revenue: reserve 24,658 Unreserved Fund Balance Ending $ (0 )

5 All Fund Revenue Sources

6 Community Impact Service  Safety (Law Enforcement, Dog Control, Building and Zoning Compliance)  Meals on Wheels  Park and Events  Streets and Roads Maintenance  Improved Road Infrastructure  Reliable and Safe Water  Improved Water Infrastructure Funding Source  General Fund Operating Expense  General Fund Grant  General Fund Operating Expense  HURF Operating Expense  HURF Contingency  Water Department Operating Expenses  Water Department Grants


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