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<br />In summary, the 2020 draft budget includes the following sources and uses:
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<br />Council action is requested by the September 23rd meeting in order to set the preliminary
<br />tax levy and to schedule a public hearing date in December on the budget and tax levy.
<br />The preliminary levy set at the September meeting may not be increased thereafter, but
<br />may be lowered before approving the final budget and levy in December.
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<br />Attachments
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<br />2020 General Fund Gap Analysis
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<br />Proposed Adopted $ %
<br />2020 2019 Inc/(Dec) Inc/(Dec)
<br />General Fund Operating Expenditures 11,294,433$ 10,974,316$ 320,117$ 2.92%
<br />Debt Service 2,122,762$ 1,862,292$ 260,470$ 13.99%
<br /> Total Uses 13,417,195$ 12,836,608$ 580,587$ 4.52%
<br />Proposed Adopted $ %
<br />2020 2019 Inc/(Dec) Inc/(Dec)
<br />Revenues (Licenses/Permits, Charges, Fines, Etc.) 2,246,677$ 2,186,419$ 60,258$ 2.76%
<br />Operating Levy 8,467,756$ 8,193,124$ 274,632$ 3.35%
<br />Debt Service Levy 2,122,762$ 1,862,292$ 260,470$ 13.99%
<br /> Total Levy 10,590,518$ 10,055,416$ 535,102$ 5.32%
<br />Use of Reserves(Surplus)/Transfer of Funds 580,000$ 594,773$ (14,773)$ -2.48%
<br /> Total Sources 13,417,195$ 12,836,608$ 580,587$ 4.52%
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