Proposed Budget for FY 20/21

FY 20/21 BUDGET SUMMARY





General Fund:

 

Revenues




Ad Valorem

 $      5,420,931

79.23%


Sales & Use Taxes

 $         287,504

4.20%


Charges for Services

 $         126,246

1.85%


Intergovernmental Revenue

 $           69,124

1.01%


Fines & Forfeitures

 $           19,585

0.29%


Licenses, Permits, & Fees

 $         567,750

8.30%


Interest Earnings

 $           30,773

0.45%


Misc: Grants & Reimbursements

 $         149,034

2.18%


Reserves

 $         100,000

1.46%


Transfers In

 $           71,238

1.04%


Total Revenue

 $      6,842,184 

100.00%






Expenditures




Legislative (includes $113,000 transfer out)

 $         270,452

3.95%


Administration (includes $39,583 transfer out)

 $         735,479

10.75%


Legal

 $         159,000

2.32%


Planning & Zoning

 $         487,947

7.13%


Information Technology

 $         387,376

5.66%


Police

 $      1,509,696

22.06%


Fire (includes $25,000 transfer to capital reserve)

 $      1,748,866

25.56%


Building & Code

 $         678,623

9.92%


Emergency Management

 $           50,111

0.73%


Public Works (includes $25,000 transfer to capital reserve)

 $         450,116

6.58%


Parks & Recreation

 $         364,518

5.33%


Total Expenditures

 $      6,842,184 

100.00%





Special Funds:





Old Gas Tax

 $           85,000



New Gas Tax

 $         61,750



Donations

 $             1,200



Tree Bank

 $             7,500



Sidewalk

 $             6,000



Parks & Recreation

 $             3,826



Community Center

 $           46,989



Historical Museum

 $           69,983




Police Education

 $             4,000



Stormwater Improvements Loan Repayment

 $         156,586



Town Hall Loan Repayment

 $         327,842



Land Acquisition Fund

 $         409,643



Capital Fire Equipment Fund

 $         192,690



Capital Facility Maintenance Fund

 $           25,000


   

Water Operating & Maintenance

 $      1,491,203



Refuse

 $         396,000



Sewer

 $      1,054,667



Water Expansion

 $           39,522



Water System Improvements Loan Repayment

 $           62,000



Contraband / Forfeiture

 $                      -



Total Special Funds

 $      4,441,401