Page 5 - Report

ESTIMATED Fund Balance
FY 2022 FY 2023 FY 2023 FY 2024 FY 2024
FY 2022
Fund Beginning Estimated Estimated Anticipated Estimated Estimated
Balance Ending Beginning Ending Beginning Ending Fund
Balance Balance Balance Fund Balance Balance
100 *General Fund $490,758.00 $1,071,430.00 $1,071,430.00 $911,939.00 $911,939.00 $1,236,939.00
200 Crime Control & Prevention $34,385.00 $104,025.00 $104,025.00 $83,727.00 $83,727.00 $83,427.00
300 Court Technology & Security $49,765.00 $64,537.00 $64,537.00 $69,788.00 $69,788.00 $72,688.00
400 State & Local Fiscal Recovery $302,919.00 $93,000.00 $125,000.00 $102,000.00 $102,000.00 0
600 Debt Service $0.00 $51,662.00 $51,662.00 $61,587.00 $61,587.00 0
900 *Enterprise (Water/Sewer) $708,350.00 $967,126.00 $967,126.00 $1,544,362.00 $1,544,362.00 $1,478,162.00
910 Drainage $89,758.00 $139,774.00 $139,774.00 $116,774.00 $116,774.00 $88,374.00

These are estimated numbers until financial audits are concluded and do not take into account the necessary reserves for GF and
UF.* Unrestricted, can be used as needed. GF can supplement UF but not vice versa.

Budget Summary

The budgeted revenue for the General Fund is $2,611,016.00. Expenses for the General Fund are budgeted at
$2,523,366.00.

The tables below summarize the revenue and expenses by fund.

Fund Summary of Revenue and Expenses

Revenue and Expenses Revenue Expenses Surplus/(Deficit)

100 General Fund $ 2,611,016.00 $ 2,523,366.00 $ 87,650.00
300 Court Restricted $ 4,500.00 $ - $ 4,500.00

500 Capital Projects $ 386,225.00 $ 386,225.00 $ -
600 Debt Service $ 594,799.00 $ 602,544.00 $ (7,745.00)
900 Utility Fund $ 1,413,960.00 $ 1,643,828.00 $ (229,868.00)
910 Utility Drainage Fund $ 52,800.00 $ 55,675.00 $ (2,875.00)

The table below is a comparison of budgeted expenses for the current year and the proposed FY 2025 budget.

Change from Prior
Department Summary FY 2024 Budget FY 2025 Budget
Year
General Fund Expenses
100-200 City Council $ 46,045.00 $ 51,730.00 12.35%
100-300 *Admin $ 423,813.00 $ 563,385.00 32.93%
100-350 **Internet Technology $ - $ 95,995.00
100-500 Fire Department $ 182,066.00 $ 231,709.00 27.27%
100-700 Municipal Court $ 99,746.00 $ 99,490.00 -0.26%
100-790 ***Code Enforcement $ 40,423.00 $ - -100.00%
100-800 ****Police Department $ 908,681.00 $ 943,171.00 3.80%
100-820 Community Center/Food Pantry $ 7,100.00 $ 11,900.00 67.61%
100-830 Parks $ 5,783.00 $ 6,270.00 8.42%
100-840 Streets $ 141,710.00 $ 276,904.00 95.40%
100-850 Food Pantry (prev. under Com. Ctr.) $ 7,167.00
100-860 *****Public Works $ 176,594.00 $ 235,645.00 33.44%
*Admin. Increase is mainly attributed to $106k in capital projects
**Internet Tech. is a new dept., not a new expense. All IT expenses from all depts are here.
***Code Enforcement has been moved under the Police Department.
***The reduction in the Police Department is due to IT expenses being moved

FY 2024-2025 Adopted Budget 5 August 20, 2024