Page 11 - Pantego Adopted Budget FY21
P. 11

Expenditures for Municipal Court (8.5%), and Non-Divisional (.5%) account for the remainder of General
            Fund expenditures by function in the FY 2020-2021 proposed Budget. Municipal Court’s proposed Budget
            of $420,669 represents a 5.5% decrease from current year’s adopted Budget due to the retirement of a
            veteran Warrant Officer. Non-Divisional includes Community Relations Board (CRB) and Special Event
            expenditures and reflect no change at $23,990.


                                               DEBT SERVICE FUND

            Revenues for the Debt Service Fund are allocated from Ad Valorem (Property)  tax collections and a
            small amount of interest income.  The Debt Service fund supports one outstanding debt issuance: the
            2019 Certificates of Obligation (CO’s) Bonds, which were issued in the Spring of 2019. The Debt Service
            payment, principal and interest, for FY 2020-2021 will be $178,450 a 1.2% increase over FY 2019-2020
            due to an increase in Principal paid.


                                                SPECIAL REVENUE FUNDS

            The  Special  Revenue  Funds  account for the  accumulation  and  disbursement  of  restricted resources.
            Special Revenue Funds consist of the Shamburger Fund, Municipal Court  Security Fund, and Municipal
            Court Technology Fund.

            Shamburger Fund – This fund was created as a bequeath to the Town from one of its departed citizens.
            The Shamburger Fund is used to account for the care and feeding of stray animals found within the Town
            limits.

            Expenditures incurred and proposed in this fund are for the supplies and cost of services incurred in carrying
            out its mandate. The proposed Budget for the Shamburger fund remains unchanged from the prior fiscal
            year. These funds are meant to be depleted.

            Municipal Court Security Fund – This fund was created by the State Legislature to fund the security
            and protection of the municipal court.  This fund accounts for the cost of security for both the court room
            and  the  court  office.  Revenue  sources  come from  a  portion  of  the fees collected on  every infraction
            adjudicated by the Town. Total revenues in this fund are estimated at $12,553 for FY 2020-2021.

            Municipal  Court  Technology  Fund  –  This  fund  was  also  created  by  the  State  Legislature  to  fund
            improvements in technology in the municipal court system. Revenue sources for this fund are derived
            from  fees  assessed,  as  provided  by  law,  per  conviction  in  the  Town  of  Pantego.  Municipal  Court
            revenues are estimated at $15,000 for Court fines and fees and $600 in Other Revenue for FY 2020-
            2021.
   6   7   8   9   10   11   12   13   14   15   16