Page 53 - CityofTrophyClubFY25AdoptedBudget

FY2024-25 Approved Budget

FY 2022
FY 2026
FY 2024
FY 2025
FY 2021
FY 2024
EDC ACTUAL ACTUAL FY 2023 APPROVED AMENDED FY 2024 YEAR APPROVED PROJECTED
ACTUAL
TO DATE
Starting Net Position $ 885,002 $ 1,285,396 $ 1,901,850 $ 1,719,735 $ 1,719,735 $ 2,466,867 $ 3,018,237 $ 3,039,272

Revenue
Sales Tax - General $ 669,026 $ 748,791 $ 767,911 $ 700,000 $ 700,000 $ 707,471 $ 650,000 $ 669,500

Interest Income 22 4,831 43,606 500 500 56,319 25,000 25,750

Miscellaneous Revenue - - - 52,625 52,625 - - -
Total Revenue $ 669,048 $ 753,622 $ 811,517 $ 753,125 $ 753,125 $ 763,791 $ 675,000 $ 695,250

Expenses
Personnel
Salaries $ - $ - $ - $ 33,707 $ 33,707 $ 20,058 $ - $ -
Overtime - - - - - - - -
Longevity - - - - - - - -
Certification Pay - - - 180 180 1,783 - -

Cell Phone Stipend - - - 180 180 105 - -
Retirement - - - 4,453 4,453 3,053 - -
Medical Insurance - - - 2,164 2,164 1,167 - -

Dental Insurance - - - 185 185 103 - -

Vision Insurance - - - 39 39 22 - -

Life Insurance & Other - - - 248 248 65 - -
Social Security Taxes - - - 2,090 2,090 1,318 - -

Medicare Taxes - - - 489 489 327 - -

Unemployment Taxes - - - 38 38 - - -

Workers' Compensation - - - 138 138 25 - -

Auto/Housing Allowance - - - - - 2 - -
Total Personnel $ - $ - $ - $ 43,911 $ 43,911 $ 28,028 $ - $ -
Professional Outside Services $ 4,500 $ - $ 5,000 $ 50,000 $ 50,000 $ 1,000 $ 80,000 $ 82,400

Legal Services - - - - - 20,000 20,600
Auditing 4,000 5,000 5,000 5,000 5,000 4,269 5,100 5,253

Advertising 10,904 12,895 5,658 25,000 25,000 4,322 8,000 8,240

Legal Notices - - - - - - 1,000 1,030

Printing - - - 500 500 - 250 258
Schools & Training - - - 3,000 3,000 - 3,000 3,090

Dues & Membership - - - 2,500 2,500 - - -

Travel & Per Diem - - - 2,000 2,000 912 3,000 3,090
Office Supplies - - - 500 500 - - -

Miscellaneous Expense - 2,500 2,500 4,000 4,000 - - -

Incentive Programs 100,000 - - 300,000 300,000 - 100,000 103,000
Thrive Business Grant - - - - - - 150,000 154,500

Depreciation Expense - EDC 24,531 24,693 24,691 - - - - -

Bond Interest 452 91,280 1,333 - - - - -

Paying Agent Fees 600 800 800 408 408 400 400 412

Transfer to General Fund 30,000 - - 40,000 40,000 - 80,752 83,175

Transfer to General Fund/DSR - - - - - - - -

Transfer to Debt Service 93,668 - 201,518 201,518 201,518 201,518 202,463 208,536
Total Expenses $ 268,655 $ 137,168 $ 246,500 $ 634,426 $ 634,426 $ 212,421 $ 653,965 $ 673,583

Net Increase (Decrease) $ 400,393 $ 616,454 $ 565,016 $ 118,699 $ 118,699 $ 551,370 $ 21,036 $ 21,667
Ending Net Position $ 1,285,396 $ 1,901,850 $ 2,466,867 $ 1,838,435 $ 1,838,435 $ 3,018,237 $ 3,039,272 $ 3,060,940
PERSONNEL SCHEDULE
POSITION TITLE FY 2023 FY 2024 FY 2025
TOWN MANAGER 1.00 0.15 0.00
TOTAL FTEs 1.00 0.15 0.00
FY 2024-2025 45 Approved Annual Budget