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CITY OF MIDDLETON, WISCONSIN 2014 PROPOSED BUDGET The City of Middleton’s department budget summary is available for public inspection at City Hall, 7426 Hubbard Avenue, Middleton, Wisconsin from 7:45 a.m. to 4:30 p.m. Monday through Friday in the Finance Department and on the City of Middleton website http://www.ci.middleton.wi.us/index.aspx?NID=303 (Finance Department-Budget Documents). The public hearing on the 2014 Proposed Budget will be held at 7:35 p.m. on December 3, 2013 in Common Council Chambers in City Hall, 7426 Hubbard Avenue, Middleton, Wisconsin. The following are the 2014 Proposed Budgets of the City of Middleton, Wisconsin. 2014 PROPOSED BUDGETS FOR ALL FUNDS OF THE CITY OF MIDDLETON, WI. BY FUND TYPE GENERAL SPECIAL TOTAL ALL FUND REVENUE CAPITAL ENTERPRISE FUNDS DEBT SERVICE TOTAL REVENUES 22,136,803 $ 3,171,386 $ 8,299,139 $ 7,167,012 $ 40,774,340 $ 6,653,480 $ TOTAL EXPENDITURES 23,476,803 3,360,151 13,151,615 6,409,530 46,398,099 6,653,480 Excess (Deficit) (1,340,000) (188,765) (4,852,476) 757,482 (5,623,759) - Balance-Jan 1. 8,863,156 3,065,019 7,442,312 6,188,780 25,559,267 - Balance-Dec. 31 7,523,156 $ 2,876,254 $ 2,589,836 $ 6,946,262 $ 19,935,508 $ - $ CITY OF MIDDLETON, WISCONSIN 2014 PROPOSED GENERAL FUND BUDGET 2014 % CHNG. CATEGORIES 2013 BUDGET 2013 ESTIMATE PROPOSED INCR(DECR) TAXES (OTHER THAN PROPERTY TAXES) 821,600 $ 970,000 $ 852,283 $ SPECIAL ASSESSMENTS 96,000 96,000 90,000 INTERGOVERNMENTAL REVENUE 2,025,427 2,025,427 1,845,156 LICENSES & PERMITS 522,100 564,094 519,000 FINES & FORFEITURES 315,000 315,000 310,000 PUBLIC CHARGES FOR SERVICE 1,100,498 1,100,498 1,144,000 SPECIAL FUND ACTIVITY 2,339,598 2,339,598 2,130,130 MISCELLANEOUS REVENUES 164,124 157,109 197,124 OTHER FINANCING SOURCES - - - TOTAL REVENUES 7,384,347 $ 7,567,726 $ 7,087,693 $ -6.3% GENERAL GOVERNMENT 2,621,934 $ 2,621,934 $ 2,590,996 $ PUBLIC SAFETY 7,863,439 8,231,427 8,116,449 PUBLIC WORKS 3,041,433 3,041,433 3,076,229 LEISURE ACTIVITIES 1,334,301 1,334,301 1,410,982 CONSERVATION AND DEVELOPMENT 1,343,740 1,343,740 1,409,062 NON-DEPARTMENTAL 31,500 31,500 10,500 RESERVE FOR CONTINGENCY 339,140 - 137,000 OPEB 140,000 140,000 140,000 TRANSFER TO LIBRARY OPERATIONS 1,007,346 1,007,346 1,068,395 TRANSFER TO DEBT SERVICE 3,439,156 3,439,156 5,517,190 TOTAL EXPENDITURES 21,161,989 $ 21,190,837 $ 23,476,803 $ 10.8% (13,777,642) (13,623,111) (16,389,110) LOCAL PROPERTY TAXES 13,581,442 13,590,104 15,049,110 10.7% NET SURPLUS (DEFICIT) (196,200) (33,007) (1,340,000) TOTAL - BEGINNING OF YEAR 8,896,163 $ 8,896,163 $ 8,863,156 $ TOTAL - END OF YEAR 8,699,963 $ 8,863,156 $ 7,523,156 $ -15.1% EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES ---PAGE BREAK--- The following are the 2014 Proposed Budgets for the other or non-General Funds of the City of Middleton, Wisconsin. SPECIAL REVENUE FUNDS 201 - TOURISM 203 - CDA 204 - LIBRARY TRUST 205 - AIRPORT 2013 2014 2013 2014 2013 2014 2013 2014 TOTAL REVENUES 1,000,000 $ 950,000 $ 20,000 $ 17,000 $ 30,000 $ 35,000 $ 125,000 $ 120,628 $ TOTAL EXPENDITURES 1,000,000 1,084,685 45,000 30,000 14,000 52,000 75,000 118,708 Excess (Deficit) - (134,685) (25,000) (13,000) 16,000 (17,000) 50,000 1,920 Balance- Jan 1. 1,078,638 1,078,638 210,589 185,589 259,467 275,467 63,522 113,522 Balance- Dec. 31 1,078,638 943,953 185,589 172,589 275,467 258,467 113,522 115,442 SPECIAL REVENUE FUNDS 206 SUBDIVIDERS 208 - POLICE SPEC. REV. & ACT. 209 - EMS SPECIAL REV. & ACT. 210- PUBLIC LAND SPEC. REV. 2013 2014 2013 2014 2013 2014 2013 2014 TOTAL REVENUES - $ 70,000 $ 7,800 $ 3,000 $ 58,625 $ 50,000 $ 95,000 $ 50,000 $ TOTAL EXPENDITURES 275,000 70,000 5,200 3,000 132,000 50,000 150,000 40,000 Excess (Deficit) (275,000) - 2,600 - (73,375) - (55,000) 10,000 Balance- Jan 1. 1,214,248 939,248 18,692 21,292 154,566 81,191 218,320 163,320 Balance- Dec. 31 939,248 939,248 21,292 21,292 81,191 81,191 163,320 173,320 SPECIAL REVENUE FUNDS DEBT SERVICE FUND 211 - SR. CTR. SPEC. REV. 212 - LIBRARY OPERATIONS 300 - DEBT SERVICE 2013 2014 2013 2014 2013 2014 TOTAL REVENUES 70,000 $ 14,000 $ 1,807,870 $ 1,861,758 $ 8,276,106 $ 6,653,480 $ TOTAL EXPENDITURES 18,500 50,000 1,807,870 1,861,758 13,597,342 6,653,480 Excess (Deficit) 51,500 (36,000) - - (5,321,236) - Balance- Jan 1. 107,616 159,116 47,636 47,636 5,321,236 - Balance- Dec. 31 159,116 123,116 47,636 47,636 - - CAPITAL FUNDS 401 - TIF # 3 412- PUBLIC WORKS CAPITAL 414 - PUBLIC LANDS CAP. 416 - OTHER CAPITAL 2013 2014 2013 2014 2013 2014 2013 2014 TOTAL REVENUES 9,260,692 $ 7,800,000 $ 1,366,400 $ - $ 535,800 $ 256,000 $ 233,550 $ 25,000 $ TOTAL EXPENDITURES 7,594,576 10,221,530 2,522,697 1,306,400 670,376 715,400 524,137 268,550 Excess (Deficit) 1,666,116 (2,421,530) (1,156,297) (1,306,400) (134,576) (459,400) (290,587) (243,550) Balance- Jan 1. 3,091,391 4,757,507 2,462,697 1,306,400 593,976 459,400 581,395 290,808 Balance- Dec. 31 4,757,507 2,335,977 1,306,400 - 459,400 - 290,808 47,258 CAPITAL FUNDS ENTERPRISE FUNDS 501 - TIF # 5 610 - WATER 620 - SEWER 650 - GOLF 2013 2014 2013 2014 2013 2014 2013 2014 TOTAL REVENUES 31,537 $ 218,139 $ 2,106,195 $ 2,123,391 $ 1,750,400 $ 1,936,500 $ 1,863,400 $ 3,107,121 $ TOTAL EXPENDITURES 890,000 639,735 1,781,598 2,535,253 1,710,657 1,891,818 1,718,761 1,952,459 Excess (Deficit) (858,463) (421,596) 324,597 (411,862) 39,743 44,682 144,639 1,154,662 Balance- Jan 1. 1,486,660 628,197 4,268,499 4,593,096 4,626,694 4,666,437 (3,215,392) (3,070,753) Balance- Dec. 31 628,197 206,601 4,593,096 4,181,234 4,666,437 4,711,119 (3,070,753) (1,916,091) The City of Middleton's property taxes are summarized as follows: Purpose 2013 2014 % Change General Fund 10,142,286 10,731,920 5.8% Debt Service 3,439,156 4,317,190 25.5% TOTAL 13,581,442 $ 15,049,110 $ 10.8% John M. Lehman Finance Director/Assistant City Administrator City Website: 11/7/13 - Middleton Times Tribune: 11/14/13