Page 140 - Ord 866 Adopting a revised Fiscal Year 17-18 and new proposed Fiscal Year 18-19 budget

Section 3
General Fund Overview

o Employee Insurance reflects a 30% ($180K) increase. Due to plan increase
of 20% and anticipated changes to employee coverage of approved
positions in the prior year that were unfilled.
o Payroll Transfers in increased $ 58K.
o Transition Court Judge from contract service to part time employee $ 18K
o Transition part time Facilities Clerk to full-time employee $ 26K ( mostly
insurance)
o Cost to replace and train Accountant Technician II $11K
o Increase car allowances & phone allowances $ 7K
o Add On-call pay to public works employees $ 6K

Operations and Maintenance Expenditures
Budgeted to be $5,047,485; a 13% decrease of $752,844 from prior year estimated.
o Repair & Maintenance increased$ 1.7K
o Rent & Utilities increased $ 106K; based on tiered schedule for the new
town hall building.
o Services expenditures increased $ 35K; fire dept increase to medical
supplies, cleaning supplies and computer equipment.
o Supplies increased $ 7.1K
o Travel & Training increased $ 2.3K
o Transfer Out to Debt Service decreased $ 906K; due to increased sales tax
receipts in 4B Economic Development fund for debt payments, which in
turn reduces the General Fund transfer out amount.

Non-Operating Expenditures
Budgeted to be $2,521,775; a 683% increase of $2,199,860 from prior year
estimated.
o Capital Outlay increased $ 13K
o Transfers Out to conduit funds increased due to one-time building permit
revenues
to CP increased $ 725K
to GMR increased $ 1.0M
to VMR increased $ 460K

Fund Balance
Excess revenues over (under) expenditures is projected to be $248,615.
Beginning fund balance is $ 9,216,610
The ending fund balance is projected to be $9,465,228.
The unassigned balance of $9,160,724 represents coverage for 350 operating
days.

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