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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 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, ,574 23, ,500 2,106,837 Grants Revenue 60, , ,465 Interest Earnings / Other Revenue Sources 30,250 5,242 35,492 Available Funds 4,339, ,256 1,310 98, ,763 5,778,947 Use of Funds: Operating Expenditures 1,080,255 47, ,550 1,232,905 Personnel Services Exp. 183,895 23,600 58, ,695 Capital Outlay 65, ,793 1,310 98,105 9, ,208 Grants 60, , ,465 Contingency 2,328, ,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, ,111 24,658 Fund Balance Ending $ (0) $ - $ (0)

3 Funds as related to the whole

4 All Fund Summary proposed tentative budget FY 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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