Page 55 - Microsoft Word - FY 2021 tax info sheet

has decreased by $282,128 based upon current incentive schedule but is an increase of $85,123 from
year-end projections. In addition, FY 2021-22 includes adding $76,789 for the new Senior Activity
operational service costs, $50,000 for special events, and $44,445 for increased property/liability
insurance costs. In Community Development, $65,000 is added for new software. In Parks and
Recreation, $20,812 is added for mowing services. In Public Works, there is on time funding of $32,000
is added for a replacement asphalt tack trailer, and $22,000 for a replacement message board.

Transfers to other funds: FY 2021-22 Budget $7,990,724
% of Fund Expenditures 17.6 %

Compared to $ Growth % Growth
FY 2020-21 Budget $4,367,788 120.6%
FY 2020-21 Projection $4,367,788 120.6%

Transfers to other funds reflects the annual Facility Equipment Replacement Fund transfer from the
General Fund for $243,067, the annual Recreation Special Revenue transfer for $47,600, and the transfer
to capital project funds for the General Fund cash funding of various capital projects. For FY 2021-22,
the General Fund will fund sidewalk repair for $3,500,000, the Shady Grove Reconstruction Project for
$2,000,000, street reconstruction for $1,800,057, and Bear Creek bridge erosion project for $400,000.
For FY 2020-21 the General Fund funded the Shady Grove Reconstruction project for $1,000,000,
sidewalk construction and repair for $370,336, and bar ditch maintenance for $30,000. A budget
amendment was approved at the end of the fiscal year to transfer $1,000,000 to the Self-Insurance fund.

Capital Outlay: FY 2020-21 Budget $ 0
% of Fund Expenditures 0.0%

Compared to $ Growth % Growth
FY 2019-20 Budget $(9,500) (100)%
FY 2019-20 Projection $(5,000) (100)%

Capital outlay includes expenditures for new assets, or replacements or improvements to existing assets
over $5,000 and anticipated useful life over one year. Capital outlay expenditures for FY 2021-22 are $0.
In FY 2020-21, capital outlay included $9,500 for office furniture replacements, which has been moved
to supplies.

Expenditures by Activity

There are five main functions in the General Fund: public safety, general government, recreation and
culture, public works and community development. A breakdown of FY 2021-22 departmental
expenditures and a brief description are given comparing the departments to the FY 2020-21 budget and
year-end projections. Below, a pie chart shows the percentage breakdown of each function and a bar
graph shows the expenditure growth of each function compared to population growth.

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