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1994 1994 <br /> GENERAL FUND GENERAL FUND <br /> REVENUES EXPENDITURES DIFFERENCE <br /> $2,993,119 $3,162,156 $ 169,037 <br /> ASSUMPTIONS FOR SCENARIOS: 1. Revenues include a 5% tax increase. <br /> 2. $50,000 of Franchise Fee will fund Golf <br /> Course superintendent position. <br /> SCENARIO NO. 1: <br /> $ 169,037 <br /> -100,000 (use of additional Franchise Fee Revenue) <br /> 69,037 <br /> - 69,037 (an additional 3.9% increase in taxes) <br /> - 0 - <br /> RESULTS: <br /> * Balanced budget <br /> * Tax Increase of 8.9% <br /> • $53.25/year more on average home <br /> • $84.59/year more on 125,000 home <br /> * Approximately $50,000 remaining in Franchise Fee revenues for special projects <br /> * Service and program levels remain at 1993 levels <br /> * General Fund staffing levels increased by 1 FI'h - Economic Development Coordinator <br />