Page 94 - FY 2021-22 ADOPTED BUDGET

CONTRACTUAL SERVICES

The projected cost of contractual services in 2021-22 in the amount of $2,614,805 decreases by $27,592 from the

2020-21 re-estimate of $2,642,397. This category includes funds for utilities, professional services, dues and
memberships, training, and printing services.

Funds are included in the 2021-22 Budget for the general election and for a run-off election. Additional funds are
also included in the 2021-22 Budget for the payment of property tax revenues from the General Fund to the TIF
Fund.

MAINTENANCE AND REPAIR

Maintenance and repair costs increase by $143,973 from the 2020-21 re-estimate of $1,571,692 to the 2021-22

Budget allocation of $1,715,665. Funds for vehicle, equipment, radio, and software maintenance costs are
budgeted near the 2020-21 re-estimate level for 2021-22. Additional funds in the amount of $150,000 are included
in the Public Works Department for the maintenance and repair of streets and roadways.

CAPITAL OUTLAY

The purchase of capital outlay equipment in 2021-22 in the amount of $139,900 is $42,972 less than the $182,875
re-estimate for 2020-21. Funds for both fiscal years are for replacement of Police Department vehicles. The
decrease is because one less vehicle will be purchased in 2021-22. No other capital purchases are budget for 2021-
22 due to the COVID-19 pandemic and S.B. 2 property tax legislation. A capital outlay is defined as an item or piece
of equipment that costs a minimum of $5,000, has a useful life more than one year, and/or is recorded as a fixed
asset on the City's official inventory.

DEBT SERVICE

Debt service requirements increased by $302,596 from $1,606,741 in 2020-21 to $1,909,337 in 2021-22. Principal
payments decreased by $150,000 in 2021-22 to $1,370,000 from $1,520,000 in 2020-21; interest expenses
increased by $449,096 from $86,441 in 2020-21 to $535,537 in 2021-22. Agent fees remain at $3,800.

TRANSFERS AND USE OF UNAPPROPRIATED RESERVES

The 2021-22 Budget and the 2020-21 re-estimate include the transfer of reserves from the General Fund to the
Capital Asset Replacement Fund; these funds are designated for the purchase of major pieces of equipment in
future years. The 2020-21 transfer was $500,000; the 2021-22 transfer is $300,000.

Projects completed for 2020-21 included the purchase of a new Fire Truck.

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