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Budget meeting November 4, 2020

General Account

Revenues Budgeted $1,172,292.00; to date (10/31) $1,194,786.00; Over $ 22,494.00

Revenues expected thru December:
$23,000 Steward
$54,400 Bike Trail
$15,000 Codes, Justice, & Clerk
Added $ 92,400

Overage $ 114,894

Expenditures Budgeted $1,482,696 to date (10/31) $ 910,850; Under $571,846

Expenditures expected thru December:
$33,000 Golf Reconciliation
$35,000 fund reserves
$60,000 payroll
$26,000 retirement
$40,000 bills
$25,000 misc
Total $219,000

Expected expenditures to Dec 31 $ 1,096,850

Under budget $ 352,846

Reserves at end of 2020:
Weed Harvester $55,000
Capital fund $75,000
Garbage Truck $45,000
Total $175,000 in reserves

Expected Estimated Fund balance at end of 2020 $ 841,000

Highway Fund (DA)

Revenues Budgeted $ 804,179; to date (10/31) $693,525; Under $ 110,654.00

Revenues expected thru December:
$116,000 CHIPS

Added $ 116,000

Overage $ 5,346

Expenditures Budgeted $1,010,080 to date (10/31) $ 698,220; Under $311,860

Expenditures expected thru December:
$10,000 fund reserves
$65,000 payroll
$48,000 retirement
$25,000 bills
$15,000 misc
Total $163,000

Expected expenditures to Dec 31 $ 861,220

Under budget $ 148,860

Reserves at end of 2020

Equipment Reserve $20,000

Total $20,000 in reserves

Expected Estimated Fund balance at end of 2020 $ 135,000