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CC PACKET 09102024
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CC PACKET 09102024
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9/12/2024 9:26:36 AM
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9/12/2024 9:25:53 AM
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The substantial portion of the increase represents an estimated $72,000 increase in fire relief payments <br />made from state fire aid. This is offset by revenue of the same amount and is an accounting requirement <br />with no net levy impact. The transfer for rent from the community center returned to the 2023 amount, <br />a reduction of $15,000. <br /> <br />REMAINING BUDGET LINE ITEMS – 11% of overall expenditures or $1,083,574, costs are up $51,732. <br /> Energy costs make up $4,377 of this increase. <br /> Anticipated inflationary factors have been applied to many of the supplies, printing, and repair and <br />maintenance services pushing these costs up by $21,622. <br /> Budgeted costs for communications, memberships and training, community inclusion and sustainability <br />initiatives and other miscellaneous items are up $25,733 compared to 2024. <br /> <br />GENERAL FUND REVENUES <br /> <br />• Liquor transfer to the General Fund will be $275,000 same as 2024. <br />• 2025 State funded Local Government Aid reflects increases by only $921. <br />• Police contracted services is estimated to increase by $68,688, a 7% increase. <br />• Excess Tax Increment collections are projected to increase by $100,000 in 2025. <br /> <br />The chart below demonstrates the percentage of revenue sources that fund the general fund: <br /> <br /> <br /> <br />Tax Levy, <br />64% <br />Licenses, <br />Permits, & <br />Fines, 4% <br />Intergov't <br />Revenue, <br />12% <br />Contracts, <br />13% <br />Miscellaneous, <br />2% <br />Transfers, <br />5% <br />GENERAL FUND <br />REVENUES <br />20
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