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11/25/2015 11:10 AM CATEGORIES 2016 Lower of Decision TOTAL ADJUSTMENTS COMMON COUNCIL Calculation Items REQUEST TO REQUESTS APPROVED REVENUES Property Tax Levy 15,046,561 $ 1,442,617 $ 16,489,178 $ (103,044) $ 16,386,134 $ Other Taxes 853,283 147,817 1,001,100 32,000 1,033,100 Special Assessments 26,039 48,961 75,000 29,000 104,000 Intergovernmental Revenue 1,653,722 50,082 1,703,804 462,786 2,166,590 Licenses & Permits 521,200 155,324 676,524 - 676,524 Fines & Forfeitures 256,208 58,792 315,000 - 315,000 Public Charges for Service 1,039,658 36,999 1,076,657 146,138 1,222,795 Special Fund Activity 2,015,391 (100,000) 1,915,391 4,432 1,919,823 Miscellaneous Revenues 160,696 1,790 162,486 27,000 189,486 Other Financing Sources - - - - - TOTAL REVENUES 21,572,758 $ 1,842,382 $ 23,415,140 $ 598,312 $ 24,013,452 $ EXPENDITURES General Government 2,343,767 $ 448,072 $ 2,791,838 $ (132,413) $ 2,659,425 $ Public Safety 7,658,300 1,166,050 8,824,350 (387,001) 8,437,349 Public Works 2,834,062 831,262 3,665,324 (452,333) 3,212,991 Leisure 1,350,576 170,225 1,520,801 49,800 1,570,601 Conservation & Development 1,334,415 278,296 1,612,712 52,935 1,665,647 All Contingencies 8,844 250,684 259,527 181,992 441,519 Transfers 5,472,888 (527,079) 4,945,809 1,606,219 6,552,028 TOTAL EXPENDITURES 21,002,851 $ 2,617,510 $ 23,620,360 $ 919,199 $ 24,539,559 $ 1 Citywide COLA Reserve 250,000 $ 250,000 $ TOTAL ALL EXPENDITURES 1,169,199 $ 24,789,559 $ TOTAL REVENUES LESS ALL EXPENDITURES (776,107) $ USE OF FUND BALANCE: TRANSFER TO CAPITAL FUNDED FROM FUND BALANCE 751,107 $ 751,107 $ 2 2016 CONTINGENCY BUDGET FROM FUND BALANCE 25,000 $ 25,000 $ TOTAL USE OF FUND BALANCE 776,107 $ 776,107 $ NET AVAILABLE-ALL SOURCES (REVENUE+ FUND BALANCE) 0 $ LESS TOTAL ALL EXPENDITURES NOTES: 1) Prior to final Common Council action/approval of the 2016 Budget, this figure was $23,503,407. At their 11/19/15 meeting Common Council approved a motion to take the 2016 levy amount to the maximum allowable, which is $16,386,134. Taking the levy amount to the maximum allowable generates an additional $260,045 in 2016 revenue. The motion further directed that this additional amount, $260,045, be placed into the 2016 Contingency account. 2) This amount consists of $633,000 from the General Fund 2014 unassigned fund balance and $118,107 from the 2015 Contingency account totaling $751,107 as a source to assist in funding 2016 Capital Project Budgets. In addition the 2016 Gammon Rd. Ped. Crossing project was not approved; an amount of $25,000. This amount was funded from the 2015 Contingency account. It is now to be placed in the 2016 Contingency account. It is funded from fund balance. The 2016 General Contingency account totals $406,519; $381,519 funded from 2016 revenues and $25,000 from fund balance. There is an additional $35,000 in Contingencies for insurance related claims and vehicle repair expenses for an all Contingency total of $441,519. Y:\Budget\2016\MASTER WORKBOOK\[2016 Budget Master COMMON COUNCIL APPD. 11-19-15.xlsx]CHNG FROM ORIG TO REV SUM CITY OF MIDDLETON - COMMON COUNCIL 2016 APPROVED GENERAL FUND BUDGET - NOV. 19, 2015