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7/27/2020 8/19/2020 9/8/2020 9/28/2020 11/30/2020
<br />Adopted Proposed Proposed Proposed Preliminary Proposed $ %
<br />2020 2021 2021 2021 2021 2021 Change Change
<br />Tax Levies
<br />Operating Levy 8,368,756 9,907,192 9,101,827 9,169,865 9,232,367 9,232,367 863,611 10.32%
<br />Debt Levy 2,122,762 1,909,448 1,909,448 1,909,448 1,909,448 1,909,448 (213,314) -10.05%
<br />Total Tax Levy 10,491,518 11,816,640 11,011,275 11,079,313 11,141,815 11,141,815 650,297 6.20%
<br />Year-over-Year Change Levy $ 1,325,122 519,757 587,795 650,297 650,297 6.20%
<br />Drill-Down on Year-Over-Year Levy Changes 7/27/2020 8/19/2020 9/8/2020 11/30/2020
<br />Adopted Proposed Proposed Proposed Preliminary Proposed %
<br />2020 2021 2021 2021 2021 2021 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 616,459 631,569 631,569 631,569 631,569 631,523 15,064 2.44%
<br />Business Licenses/Permits 144,233 143,959 143,959 143,959 143,959 143,959 (274) -0.19%
<br />Non-Business Licenses/Permits 788,113 799,060 799,060 799,060 799,060 799,060 10,947 1.39%
<br />Charges for Services 27,538 31,183 31,183 31,183 31,183 31,183 3,645 13.24%
<br />Public Safety Service Charges 190,800 190,800 190,800 190,800 190,800 190,800 - 0.00%
<br />Municipal Fines 116,100 106,100 106,100 106,100 106,100 106,100 (10,000) -8.61%
<br />Miscellaneous 324,171 323,576 323,576 323,576 323,576 323,576 (595) -0.18%
<br />Trf from Closed Bond Fund 380,000 - - - - - (380,000) -100.00%
<br />Trf from CableTV/Communications Fund - 40,000 - - - - - ***
<br />Use of Reserves 200,000 - - - - - (200,000) -100.00%
<br />Total Revenues/Funding Sources 2,826,414 2,305,247 2,265,247 2,265,247 2,265,247 2,265,201 (561,213) -19.86%
<br />Expenditures
<br />Personal Services 7,605,738 8,126,189 7,741,585 7,741,585 7,741,585 7,734,966 129,228 1.70%
<br />Supplies 477,825 513,530 494,730 499,730 499,730 499,730 21,905 4.58%
<br />Other Services and Charges 1,344,407 1,476,228 1,446,848 1,446,848 1,446,848 1,449,753 105,346 7.84%
<br />Contracted Services 722,084 821,636 748,636 767,636 767,636 767,636 45,552 6.31%
<br />Capital Outlay 42,117 205,706 10,700 28,200 28,200 28,200 (13,917) -33.04%
<br />Others 1,003,000 1,069,150 924,575 951,113 1,013,615 1,017,283 14,283 1.42%
<br /> Total Expenditures 11,195,170 12,212,439 11,367,074 11,435,112 11,497,614 11,497,568 302,398 2.70%
<br />Debt Service
<br />Bonds 1,549,975 1,557,162 1,557,162 1,557,162 1,557,162 1,557,162 7,187 0.46%
<br />Certificates of Indebtedness 572,788 352,286 352,286 352,286 352,286 352,286 (220,502) -38.50%
<br /> Total Debt Service 2,122,762 1,909,448 1,909,448 1,909,448 1,909,448 1,909,448 (213,314) -10.05%
<br />Year-over-Year Change Levy $ 1,325,122 519,757 587,795 650,297 650,297
<br /> Total Levy Supported by Valuation Increase ($11,141,815) 503,392 503,392 650,297 650,297 650,297
<br />Gap to Maintain Flat Tax Capacity Rate 821,730 16,365 (62,502) - -
<br />Tax Capacity Rate 39.870% 43.352% 39.941% 39.613% 39.870% 39.437%
<br />GENERAL FUND FORECAST GAP ANALYSIS
<br />2020-2021
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