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7/29/2019 8/12/2019 8/26/2019 9/3/2019 9/9/2019
<br />Adopted Proposed Proposed Proposed Proposed Proposed %
<br />2019 2020 2020 2020 2020 2020 Change Change
<br />Tax Levies
<br />Operating Levy 8,193,124 9,248,018 9,247,299 8,736,256 8,767,756 8,467,756 274,632 3.35%
<br />Debt Levy 1,862,292 2,122,762 2,122,762 2,122,762 2,122,762 2,122,762 260,470 13.99%
<br />Total Tax Levy 10,055,416 11,370,780 11,370,061 10,859,018 10,890,518 10,590,518 535,102 5.32%
<br />Year-over-Year Change Levy $1,315,364 1,314,645 803,602 835,102 535,102 5.32%
<br />Drill-Down on Year-Over-Year Levy Changes 7/29/2019 8/12/2019 8/26/2019 9/3/2019 9/9/2019
<br />Adopted Proposed Proposed Proposed Proposed Proposed %
<br />2019 2020 2020 2020 2020 2020 Change Change
<br />Revenues
<br />Property Taxes (Delinquent, Penalties/Interest)39,000 39,000 39,000 39,000 39,000 39,000 - 0.00%
<br />Intergovt Revenue 577,105 616,722 616,722 616,722 616,722 616,722 39,617 6.86%
<br />Business Licenses/Permits 137,600 144,233 144,233 144,233 144,233 144,233 6,633 4.82%
<br />Non-Business Licenses/Permits 764,860 788,113 788,113 788,113 788,113 788,113 23,253 3.04%
<br />Charges for Services 25,477 27,538 27,538 27,538 27,538 27,538 2,061 8.09%
<br />Public Safety Service Charges 200,800 190,800 190,800 190,800 190,800 190,800 (10,000) -4.98%
<br />Municipal Fines 119,132 116,100 116,100 116,100 116,100 116,100 (3,032) -2.55%
<br />Miscellaneous 322,445 324,171 324,171 324,171 324,171 324,171 1,726 0.54%
<br />Trf from Closed Bond Fund - - - 100,000 100,000 380,000 380,000 ***
<br />Use of Reserves 594,773 - - 180,000 180,000 200,000 (394,773) -66.37%-
<br />Total Revenues/Funding Sources 2,781,192 2,246,677 2,246,677 2,526,677 2,526,677 2,826,677 45,485 1.64%
<br />Expenditures
<br />Personal Services 7,398,006 7,783,412 7,782,693 7,692,000 7,692,000 7,692,000 293,994 3.97%
<br />Supplies 472,775 477,825 477,825 477,825 477,825 477,825 5,050 1.07%
<br />Other Services and Charnges 1,295,289 1,377,557 1,377,557 1,344,407 1,344,407 1,344,407 49,118 3.79%
<br />Contracted Services 743,794 742,084 742,084 725,084 725,084 725,084 (18,710) -2.52%
<br />Capital Outlay 94,452 60,317 60,317 42,117 42,117 42,117 (52,335) -55.41%
<br />Others 970,000 1,053,500 1,053,500 981,500 1,013,000 1,013,000 43,000 4.43%
<br /> Total Expenditures 10,974,316 11,494,695 11,493,976 11,262,933 11,294,433 11,294,433 320,117 2.92%
<br />Debt Service
<br />Bonds 1,255,008 1,549,975 1,549,975 1,549,975 1,549,975 1,549,975 294,967 23.50%
<br />Certificates of Indebtedness 607,284 572,788 572,788 572,788 572,788 572,788 (34,497) -5.68%
<br /> Total Debt Service 1,862,292 2,122,762 2,122,762 2,122,762 2,122,762 2,122,762 260,470 13.99%
<br />0
<br />Year-over-Year Change Levy $1,315,364 1,314,645 803,602 835,102 535,102
<br /> Total Levy Supported by Valuation Increase ($10,978,734)738,640 923,318 923,318 923,318 923,318
<br />Gap to Maintain Flat Tax Capacity Rate 576,724 391,327 (119,716) (88,216) (388,216)
<br />Tax Capacity Rate 41.817%44.389%43.535%41.293%41.431%40.115%
<br />GENERAL FUND FORECAST GAP ANALYSIS
<br />2019-2020
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