Page 9 - Pantego FY23 Budget

Utilities and Gasoline: This category increased by 39.5% or $57,880 primarily due to inflationary
pressure regarding energy costs as well as the reversal of last years anticipated savings regarding the
current phone and internet services contracts.

Training, Dues and Miscellaneous: This category increased by 5.4% or $5,771 due to our having several
new employees in all departments. These expenses are somewhat offset by the continued availability of
virtual training that avoids the costs of travel and lodging

Capital: This category decreased by 23.5% or $25,663. The decrease is due largely to a decrease
in the IT Budget needed to replace aging equipment and inadequate technology.

Expenditures by Function

The largest expenditure by function is Public Safety (Police and Fire departments) 33.6% and 27.0%
respectively. Total Public Safety expenditures in the General Fund are budgeted at $3,616,785 in Fiscal
Year 2022-23 (Police [$2,005,806] and Fire [$1,610,979]) Expenditures in these two departments
increased by $607,484 or 20.2% combined from the prior year’s adopted Budget.

The Public Works department constitutes the third largest group of expenditures by function, at 16.2%.
Total expenditures for the Public Works Department are budgeted at $970,823 in FY 2022-2023 an
increase of 14.3% or $121,742.

The General and Administrative function (City Manager, City Secretary, Finance and Human Resources,
Economic Development Coordinator, as well as IT) are the fourth largest group of expenditures by function
at 15.3%. Budgeted expenditures for General and Administrative are $918,523 in FY 2022-2023, an
increase of $29,132 or 3.3% from the current adopted Budget of $883,391.

Expenditures for Municipal Court 7.2%, and non-Divisional .50% account for the remainder of General
Fund expenditures by function in the FY 2022-2023 proposed Budget. Municipal Court’s proposed Budget
of $432,534 represents a 6.9% increase from current year’s adopted Budget. non-Divisional includes
Community Relations Board (CRB) and Special Event expenditures Budgeted at $29,990 an increase of
41.5%.

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 2022-2023 will be $177,375 a 1.1% increase from FY 2021-2022
due to a higher principal payment portion.

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.

ADOPTED BUDGET FY2022-23 TOWNOFPANTEGO.COM/BUDGET PAGE 7