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Agenda - Council Work Session - 07/26/2022
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Agenda - Council Work Session - 07/26/2022
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3/14/2025 2:35:28 PM
Creation date
7/21/2022 11:07:01 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council Work Session
Document Date
07/26/2022
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-Debt Levy: Levy Increase of$309,640 <br /> A. Contributing Factors of Increase: <br /> • *Municipal Center Debt at full levy Was reduced by$300,000 in 2022 from debt service <br /> funds available (2022 was last year of available debt service funds to offset debt. <br /> • Debt Summary: <br /> 2020 Public Works Campus (2041 Last Year) 127,276 <br /> 2013 Capital Equipment Certificates (2023 Last Year) 75,705 <br /> 2014 Capital Equipment Certificates (2024 last year) 1041438 <br /> 2015 Road Improvement Debt(2025 last year) 114,668 <br /> Muni Center(2031 last Year) 19103,900* <br /> Fire Station#2 (2033 last year) 281,623 <br /> 2016 Road Improvement Debt (2026 last year) 151,108 <br /> 2017 Road Improvement Debt (2027 last year) 94,558 <br /> 2018 Road Improvement Debt(2028 last year) 108,043 <br /> Total Bonded Debt Levied 29161,319 <br /> GENERAL FUND BUDGET: <br /> Proposed Budget: $16,885,169 ($14,492,640 2022 final) Increase of$2,392,529 (increase 16.51%) <br /> Major Changes from 2022 Adopted Budget: <br /> Revenue: <br /> -Property tax: $13,274,709 ($11,655,590 in 2022) Increase of$1,619,119 <br /> -LGA: $0 <br /> -Permit Revenue: Increase of$10,500 (electrical inpections) <br /> Intergovernmental Revenue: Increase of$202,000 Fire state aid offset by fire payroll expense. <br /> -Charges for Services: Increase of$33,000 Engineering billable time. <br /> -Investment Earnings: Decrease of$25,000. Reduced funds to invest. <br /> -Transfers In: $1,501,310 ($973,800 in 2022) Increase of$527,510 <br /> -Increase in Capital Equipment Requests Non Property Tax Levies: $504,510 <br /> 4 <br />
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