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7/27/2020 8/19/2020 9/8/2020 9/28/2020 11/30/2020 12/14/2020Adopted Proposed Proposed Proposed Preliminary Proposed Proposed $ %2020 2021 2021 2021 2021 2021 2021 Change ChangeTax LeviesOperating Levy8,368,756 9,907,192 9,101,827 9,169,865 9,232,367 9,232,367 9,232,367 863,611 10.32%Debt Levy2,122,762 1,909,448 1,909,448 1,909,448 1,909,448 1,909,448 1,909,448 (213,314) -10.05%Total Tax Levy10,491,518 11,816,640 11,011,275 11,079,313 11,141,815 11,141,815 11,141,815 650,297 6.20%Year-over-Year Change Levy $1,325,122 519,757 587,795 650,297 650,297 650,297 6.20%Drill-Down on Year-Over-Year Levy Changes7/27/2020 8/19/2020 9/8/2020 9/28/2020 11/30/2020 12/14/2020Adopted Proposed Proposed Proposed Preliminary Proposed Proposed %2020 2021 2021 2021 2021 2021 2021 Change ChangeRevenuesProperty Taxes (Delinquent, Penalties/Interest) 39,000 39,000 39,000 39,000 39,000 39,000 39,000 - 0.00%Intergovt Revenue616,459 631,569 631,569 631,569 631,569 631,523 631,523 15,064 2.44%Business Licenses/Permits144,233 143,959 143,959 143,959 143,959 143,959 143,959 (274) -0.19%Non-Business Licenses/Permits788,113 799,060 799,060 799,060 799,060 799,060 799,060 10,947 1.39%Charges for Services27,538 31,183 31,183 31,183 31,183 31,183 31,183 3,645 13.24%Public Safety Service Charges190,800 190,800 190,800 190,800 190,800 190,800 190,800 - 0.00%Municipal Fines116,100 106,100 106,100 106,100 106,100 106,100 106,100 (10,000) -8.61%Miscellaneous324,171 323,576 323,576 323,576 323,576 323,576 323,576 (595) -0.18%Trf from Closed Bond Fund380,000 ------(380,000) -100.00%Trf from CableTV/Communications Fund-40,000 ------***Use of Reserves200,000 ----- 21,832 (178,168) -89.08%Total Revenues/Funding Sources2,826,414 2,305,247 2,265,247 2,265,247 2,265,247 2,265,201 2,287,033 (539,381) -19.08%ExpendituresPersonal Services7,605,738 8,126,189 7,741,585 7,741,585 7,741,585 7,734,966 7,720,968 115,230 1.52%Supplies477,825 513,530 494,730 499,730 499,730 499,730 504,230 26,405 5.53%Other Services and Charges1,344,407 1,476,228 1,446,848 1,446,848 1,446,848 1,449,753 1,443,553 99,146 7.37%Contracted Services722,084 821,636 748,636 767,636 767,636 767,636 821,336 99,252 13.75%Capital Outlay42,117 205,706 10,700 28,200 28,200 28,200 28,200 (13,917) -33.04%Others1,003,000 1,069,150 924,575 951,113 1,013,615 1,017,283 1,001,113 (1,887) -0.19% Total Expenditures11,195,170 12,212,439 11,367,074 11,435,112 11,497,614 11,497,568 11,519,400 324,230 2.90%Debt ServiceBonds1,549,975 1,557,162 1,557,162 1,557,162 1,557,162 1,557,162 1,557,162 7,187 0.46%Certificates of Indebtedness572,788 352,286 352,286 352,286 352,286 352,286 352,286 (220,502) -38.50% Total Debt Service2,122,762 1,909,448 1,909,448 1,909,448 1,909,448 1,909,448 1,909,448 (213,314) -10.05%0 Year-over-Year Change Levy $1,325,122 519,757 587,795 650,297 650,297 650,297 Total Levy Supported by Valuation Increase503,392 503,392 650,297 650,297 756,547 756,547 Gap to Maintain Flat Tax Capacity Rate821,730 16,365 (62,502) -(106,250) (106,250) Tax Capacity Rate 39.870% 43.352% 39.941% 39.613% 39.870% 39.437% 39.437%GENERAL FUND FORECAST GAP ANALYSIS2020-20211
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