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2007/2008 Proposed Budget
Thu, 08/09/2007 - 14:58 — citysec
Date:
08/09/2007
2007/2008 Proposed Budget
This budget will raise more total property taxes than last year's budget by $536.93, an increase of 13.37%, and of that amount none is tax revenue to be raised from new property added to the roll this year.
| Town of Round Top | ||||
| 2007/2008 Proposed Budget | ||||
| GENERAL FUND | ||||
| 2006/2007 Approved | 2006/2007 Est. Actual | 2007/2008 Proposed | ||
| Fund Savings Balance | $101,640.29 | $48,433.00 | $38,982.00 | |
| Income | ||||
| Checking Account Balance Carried Over | $32,112.37 | $32,112.37 | $38,000.00 | |
| Interest Income | $2,985.00 | $1,061.00 | $1,100.00 | |
| Licenses, Beer & Wine | $36.00 | $30.00 | $30.00 | |
| Licenses, Contractors | $150.00 | $225.00 | $175.00 | |
| Other Income | $100.00 | $7,514.00 | $1,550.00 | |
| Penalties & Interest | $213.00 | $444.00 | $100.00 | |
| Permits, Building | $750.00 | $2,180.00 | $1,450.00 | |
| Permits, Vendor | $3,200.00 | $2,224.00 | $2,225.00 | |
| Rebates & Credits | $2,400.00 | $1,169.67 | $1,000.00 | |
| Street Lights | $650.00 | $794.24 | $684.21 | |
| Tax Collections, Hotel Occupancy | $7,700.00 | $11,379.40 | $9,500.00 | |
| Tax Collections, Property | $4,014.61 | $4,014.61 | $4,551.54 | |
| Tax Collections, Sales | $68,700.00 | $90,531.87 | $79,600.00 | |
| Transfers from EDC | $35,000.00 | $35,000.00 | $0.00 | |
| Transfers from Wastewater Fund | $0.00 | $0.00 | $0.00 | |
| Total Income | $158,010.98 | $188,680.16 | $139,965.75 | |
| Total Funds Available | $259,651.27 | $237,113.16 | $178,947.75 | |
| Expenses | ||||
| Advertising | $200.00 | $376.00 | $375.00 | |
| Bank Service Charges | $50.00 | $35.00 | $50.00 | |
| Capital Expenditures, Office Equipment | $5,700.00 | $5,700.00 | $0.00 | |
| Capital Expenditures, Wastewater Treatment System | $72,000.00 | $155,641.25 | $0.00 | |
| Contract Labor | $4,000.00 | $4,184.00 | $3,900.00 | |
| Donations | $500.00 | $150.00 | $400.00 | |
| Dues & Subscriptions | $1,500.00 | $1,249.00 | $1,500.00 | |
| Economic Development Corp. Disbursement | $22,900.00 | $30,177.29 | $26,533.33 | |
| Equipment, Election | $450.00 | $165.00 | $250.00 | |
| Equipment, Other | $0.00 | $0.00 | $0.00 | |
| Fees, Audit | $3,200.00 | $3,200.00 | $3,500.00 | |
| Fees, Legal | $1,000.00 | $0.00 | $500.00 | |
| Fees, Other | $200.00 | $0.00 | $200.00 | |
| Hotel Occupancy Tax Disbursements | $7,700.00 | $11,379.40 | $9,500.00 | |
| Insurance | $5,000.00 | $3,336.80 | $3,400.00 | |
| Maintenance, Building | $1,000.00 | $520.00 | $750.00 | |
| Maintenance, Street | $1,000.00 | $1,298.50 | $1,200.00 | |
| Other Expenses | $400.00 | $800.00 | $400.00 | |
| Payroll | $9,000.00 | $7,678.41 | $14,000.00 | |
| Postage & Delivery | $500.00 | $407.00 | $500.00 | |
| Printing & Reproduction | $400.00 | $15.00 | $200.00 | |
| Reserve Fund | $0.00 | $0.00 | $33,932.42 | |
| Round Top Library | $2,500.00 | $2,500.00 | $8,125.00 | |
| Stipend, Mayor | $200.00 | $200.00 | $200.00 | |
| Supplies, Election | $2,100.00 | $194.50 | $1,200.00 | |
| Supplies, Housekeeping | $1,400.00 | $1,866.00 | $2,000.00 | |
| Supplies, Office | $1,800.00 | $871.00 | $1,000.00 | |
| Town Events | $6,000.00 | $6,875.00 | $7,000.00 | |
| Training | $1,000.00 | $472.92 | $1,000.00 | |
| Transfers to Savings | $7,472.19 | $10,000.00 | $5,800.00 | |
| Transfers to Wastewater Fund | $10,000.00 | $6,000.00 | $5,450.00 | |
| Transfers to EDC | $0.00 | $0.00 | $0.00 | |
| Utilities, Electric | $4,300.00 | $3,263.00 | $4,000.00 | |
| Utilities, Telephone, Cellular | $220.00 | $178.97 | $0.00 | |
| Utilities, Telephone, Office | $1,200.00 | $1,004.00 | $1,100.00 | |
| Utilities, Water | $2,600.00 | $1,392.00 | $2,000.00 | |
| Total Expenses | $177,492.19 | $261,130.04 | $139,965.75 | |
| WASTEWATER FUND | ||||
| 2006/2007 Approved | 2006/2007 Est. Actual | 2007/2008 Proposed | ||
| Income | ||||
| Checking Account Balance Carried Over | $32,112.37 | $0.00 | $5,000.00 | |
| Other Income | $0.00 | $0.00 | $0.00 | |
| Sewer Service, Monthly Fees | $7,000.00 | $6,960.00 | $13,500.00 | |
| Sewer Service, Connection Fees | $2,000.00 | $0.00 | $0.00 | |
| Transfers from General Fund | $19,200.00 | $6,000.00 | $5,450.00 | |
| Total Income | $60,312.37 | $12,960.00 | $23,950.00 | |
| Expenses | ||||
| Contract Labor | $6,000.00 | $0.00 | $0.00 | |
| Insurance | $0.00 | $0.00 | $0.00 | |
| Maintenance | $1,000.00 | $5,213.00 | $10,500.00 | |
| Other Expenses | $200.00 | $0.00 | $200.00 | |
| Transfers to General Fund | $0.00 | $0.00 | $0.00 | |
| Utilities, Electric | $18,000.00 | $5,848.00 | $12,000.00 | |
| Utilities, Telephone | $400.00 | $486.00 | $1,000.00 | |
| Utilities, Water | $2,600.00 | $111.00 | $250.00 | |
| Total Expenses | $28,200.00 | $11,658.00 | $23,950.00 | |
| Mayor Barnell Albers | ||||