Page 88 - Ord 866 Adopting a revised Fiscal Year 17-18 and new proposed Fiscal Year 18-19 budget

Section 3 Financial Analysis
Fund Overview All Funds

The following is a high-level overview of the budgeted revenues, other sources,
expenditures and other uses. Please refer to individual funds for detailed explanations
of the following changes.

REVENUES AND OTHER SOURCES
Revenues and other sources are budgeted to be $40,423,528. This represents a 34%
increase of $10,308,984 from prior year estimated.

Municipal
General Sales Tax increased $ 650,000
Property Tax increased $ 368,126
Permits and Fees Building increased $ 2,206,393 Revenues and Other Sources
Permits and Fees Utility increased $ 6,326
Contributions decreased ($ 507,090) Academic
Misc. Income decreased ($ 42,725) 22%

Transfers in increased $ 1,279,636
Municipal
Other sources increased $ 5,987,134 78%

Academic
Revenues increased $ 370,184
Other Sources decreased ($ 9,000)

OPERATING EXPENDITURES
Operating expenditures are budgeted to be $18,802,247. This represents a 7%

increase of $1,302,440 from the prior year estimated.

Payroll and Related is budgeted at $4,495,731; a 7% increase of $287,362
o Wages increased $ 111,394
o Insurances increased $ 180,274
o Taxes increased $ 5,556
o Retirement decreased $ 9,862

Operations and Maintenance is budgeted at $14,306,516; an 8% increase of $1,015,078.
o Debt increased $ 845,462
o Economic Development increased $ 98,000
o Payroll Transfer Out increased $ 58,417

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