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Funds with Over $1 Million Increase DollarPercentage Budgeted Increase FUND2013-20142014-2015(Decrease) LB840 Economic Development Fund 1,571,218 4,326,833.

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Presentation on theme: "Funds with Over $1 Million Increase DollarPercentage Budgeted Increase FUND2013-20142014-2015(Decrease) LB840 Economic Development Fund 1,571,218 4,326,833."— Presentation transcript:

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3 Funds with Over $1 Million Increase DollarPercentage Budgeted Increase FUND2013-20142014-2015(Decrease) LB840 Economic Development Fund 1,571,218 4,326,833 2,755,615175.38% Special Assessments Fund 2,308,383 4,982,798 2,674,415115.86% Community Dev. Block Grant Fund 1,539,911 2,987,413 1,447,50294.00% Capital Construction Fund 4,805,422 5,855,837 1,050,41521.86% 10,224,934 18,152,881 7,927,94777.54% All Other Funds 62,610,536 62,812,757 202,2210.32% TOTAL 72,835,470 80,965,638 8,130,16811.16%

4 The following compares by major expenditure object the FY 2013-2014 budget with the FY 2014-2015 proposed budget: EXPENDITURE HIGHLIGHTS DollarPercentage BUDGET Increase OBJECTFY 2013-2014FY 2014-2015(Decrease) Personnel19,459,52320,102,370642,8473.30% Operations & Maintenance11,405,42015,787,1244,381,70438.42% Capital Expenditure19,425,67219,455,66729,9950.15% Debt Service3,181,0163,458,596277,5808.73% Transfers2,378,7183,667,3051,288,58754.17% Fund Ending Balance16,985,12118,494,5761,509,4558.89% TOTAL72,835,47080,965,6388,130,16811.16%

5 The following compares by major revenue source the FY 2013-2014 budget with the FY 2014-2015 proposed budget: REVENUE HIGHLIGHTS DollarPercentage BUDGET Increase SOURCEFY 2013-2014FY 2014-2015(Decrease) Balance Brought Forward29,501,35630,926,7981,425,4424.83% Taxes13,349,21913,766,455417,2363.13% Licenses & Permits204,975216,30011,3255.53% Inter-Govern. Revenue5,282,4607,497,9082,215,44841.94% Charges for Service12,409,32012,825,265415,9453.35% Rent & Other Revenue5,718,1225,709,240(8,882)(0.16%) Interest Income71,19266,185(5,007)(7.03%) Transfers2,378,7183,667,3051,288,58754.17% Proceeds of Debt3,770,0006,160,0002,390,00063.40% Special Assess. Levied119,65099,434(20,216)(16.90%) Non-revenue Receipts30,45830,7482900.95% TOTAL72,835,47080,965,6388,130,16811.16%

6 Budgets by Fund DollarPercentage Budgeted Increase FUND2013-20142014-2015(Decrease) General Fund 22,911,907 23,829,860 917,9534.01% Sewer Fund 12,172,737 12,237,481 64,7440.53% Group Insurance Fund 6,024,289 6,887,730 863,44114.33% Water Fund 8,394,058 6,813,080 (1,580,978)(18.83%) Debt Service Fund 5,286,633 6,026,709 740,07614.00% Capital Construction Fund 4,805,422 5,855,837 1,050,41521.86% 59,595,046 61,650,697 2,055,6513.45% All Other Funds 13,240,424 19,314,941 6,074,51745.88% TOTAL 72,835,470 80,965,638 8,130,16811.16%

7 The following compares by department the FY 2013-2014 budget with the FY 2014-2015 proposed budget: GENERAL FUND EXPENDITURE CHANGES DollarPercentage BUDGET Increase DEPARTMENTFY 2013-2014FY 2014-2015(Decrease) Administration4,054,3583,777,564(276,794)(6.83%) Engineering641,867726,14984,28213.13% Street Maintenance2,725,3332,855,537130,2044.78% Park Maintenance1,483,1961,513,53330,3372.05% Housing515,798504,484(11,314)(2.19%) Recreation785,157807,98422,8272.91% Library1,408,3761,453,15444,7783.18% Fire4,034,8574,176,075141,2183.50% Police5,239,3365,423,032183,6963.51% TOTAL20,888,27821,237,512349,2341.67%

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11 The following is a yearly property tax comparison from FY 2005-2006 to FY 2014-2015: MUNICIPAL BUDGETED PROPERTY TAX COMPARISON DEBTECONOMIC GENERALSERVICEDEVELOPMENT YEARSFUND TOTAL FY 2005-2006238,724690,676 -929,400 FY 2006-2007430,164690,676 -1,120,840 FY 2007-2008475,001690,676 -1,165,677 FY 2008-2009742,907690,676 -1,433,583 FY 2009-20101,497,907690,676 -2,188,583 FY 2010-20111,497,907690,676400,0002,588,583 FY 2011-20121,497,907690,676400,0002,588,583 FY 2012-20131,497,907690,676400,0002,588,583 FY 2013-20141,497,907690,676400,0002,588,583 FY 2014-20151,839,941690,676400,0002,930,617

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14 The following compares by revenue source the FY 2013-2014 budget with the FY 2014-2015 proposed budget: GENERAL FUND REVENUE CHANGES DollarPercentage BUDGET Increase SOURCEFY 2013-2014FY 2014-2015(Decrease) Taxes10,288,87110,658,196369,3253.59% Licenses & Permits204,975216,30011,3255.53% Intergovernmental Revenues491,627507,28415,6573.18% Charges for Service1,883,0311,951,01567,9843.61% Rent & Other Revenue5,347,6225,338,840(8,782)(0.16%) Other Interest Income4,2005,00080019.05% Non-Revenue Receipts700,000680,000(20,000)(2.86%) TOTAL18,920,32619,356,635436,3092.31%


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