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<br />The remainder of this memo will describe the fund types included in the budget and their activities.
<br />Further detail is included in the individual budgets.
<br />
<br />GENERAL FUND
<br />
<br />REVENUES
<br />
<br />Taxes 3,392,230 3,786,436 $394,205.80 11.62%
<br />Licenses 110,955 102,042 $ (8,913.00)‐8.03%
<br />Permits 212,200 304,360 $ 92,159.50 43.43%
<br />Charges for Services 90,320 94,869 $ 4,549.00 5.04%
<br />Fines & Forfeits 44,000 40,000 $ (4,000.00)‐9.09%
<br />Intergovernmental 287,518 275,778 $ (11,740.20)‐4.08%
<br />Interest & Misc 157,167 142,535 $ (14,632.22)‐9.31%
<br />Transfers In 106,400 109,134 $ 2,734.00 2.57%
<br />Total 4,400,790 4,855,153 454,363 10.32%
<br />Revenue Type 2022 Budget 2023 Proposed $ Change % Change
<br />
<br />The property tax levy generates 77.99% of the revenues in the General Fund and is based on
<br />the operating needs of the City after all other revenues have been subtracted from the
<br />expenditures. Excluding Tax Levy revenues, in total revenues are a net increase of 5.96% or
<br />$60,157. The increase relates primarily to revenues generated from building permits that are
<br />proposed to increase by 43.43% for expected building permit activity in 2023 from commercial
<br />and single-family home construction and an increase in City fees.
<br />In addition, transfers in were increased by 2.57% to reflect the amount that is available to
<br />transfer from the Notes-Fleur Royale Fund to the General Fund and $10,000 increase in the
<br />transfer from the Recycling & Disposal fund.
<br />EXPENDITURES
<br />
<br />The overall General Fund expenditure budget is proposed to increase 10.32%
<br />
<br />% $ Change
<br />Personnel 1,334,005 1,485,985 151,980 33.45% 11.39%
<br />Commodities 178,115 188,637 10,522 2.32% 5.91%
<br />Police
<br />Contract 1,801,685 1,894,298 92,613 20.38% 5.14%
<br />Fire Contract 386,525 428,000 41,475 9.13% 10.73%
<br />Contractual 631,980 843,233 211,253 46.49% 33.43%
<br />Other 68,480 15,000 ‐53,480 ‐11.77%‐78.10%
<br />Total 4,400,790 4,855,153 454,363 100.00% 10.32%
<br />$ ChangeExpenditure
<br />Type
<br />2022 Budget 2023 Proposed 2022 to 2023 %
<br />Change
<br />
<br />
<br />
<br />7
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