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

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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