town of broadway 2005 fiscal year budget. expenditures overview general fund$643,54610.28% water...
Post on 15-Dec-2015
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Expenditures Overview
General Fund $643,546 10.28%
Water Fund 309,399 -.29%
Sewer Fund 331,486 .45%
Capital Improvements 28,500 -33.63%
Total Expenditures $1,312,931 5.0 %
Percent Change from Last Year
Revenue Overview
General Fund $669,131 11.12%
Water Fund 312,800 -.79%
Sewer Fund 331,000 -.6%
Total Revenue $1,312,931 5%
Percent Change from Last Year
General Fund Revenue HighlightsReal estate and personal property tax rates unchangedZoning fees continue to increase - growthIDA proceeds increasing – Pleasant ViewTrash and recycling fees increasing – now break evenUse of money and property continue to be low because of interest ratesLaw Enforcement funding increasing from state – based on populationNo reserve funds will be used to balance the general fund budget
General Fund Expenditures Highlights
Operational spending steady, while drastically decreasing capital expendituresAdministration:Administration: bond payment on maintenance building, VRS, Transfer to water, health insurance, donationsPublic Safety:Public Safety: only increase is VRSStreets:Streets: Streetlight electricity, beautification, snow removal
Continue
Sanitation:Sanitation: increased due to new housing and pick-ups
Capital Expenditures:Capital Expenditures: last payment on police vehicle
General Fund Expenditures
50%3%
10%
31%
6%
Administration Public Safety StreetsSanitation Capital Expenditures
Water Fund Revenue Highlights
Total revenue .79% decrease
Moving from 70/30 to 80/20 allocation
Connection fees continue to play significant role in revenue due to growth
North Fork of the Shenandoah River
Water Fund Revenue
9%63%
2%6%
20%
Charges for Service Connection Fees Transfer InInterest Lease Fees
Water Fund Expenditures Highlights
Operational expenditures steady – only 3.3% increase
No capital expenditures
Council members and staff last year
at the Plains Mill
Spring
Sewer Fund Highlights
Increased revenue from new proposed rate structure
Largest expenditure is Sheaffer payment
Sewer fund becoming less dependent on water fund subsidy
Sheaffer Treatment Plant
Sewer Rate Increase
Broadway sewer rates continue to be much well below average for the area.
The state average is $18.77 per month for using 5,000 gallons
Broadway will be $13.71 per month for using 5,000 gallons
Town 5,000 gallons
New Market
$28.23*
Elkton 18.00
Grottoes 17.25
Bridgewater
17.05
Dayton 15.80
Broadway
13.71
Timberville
10.00
Sewer Rates by Town per Month
*trash fees are included
Trash and Recycling Fee
$12.00$10.81
$9.25$8.33
$6.50 $6.32
$0.00
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
Harrisonburg BridgewaterElkton TimbervilleBroadway Grottoes
Trash and recycling fees now cover expense incurred by the town.
Still well below average in comparison to neighboring jurisdictions
Revenue:Revenue:
General Fund $669,131
Water Fund 312,800
Sewer Fund 331,000
Total Revenue $1,312,931
Expenditures:Expenditures:
General Fund:
General/Administrative $330,626
Public Safety 205,420
Highways 38,500
Sanitation 69,000
Enterprise Funds:
Water, Operations $309,399
Sewer, Operations 331,486
Capital Improvements:
General Fund $20,500
Water Fund 5,000
Sewer Fund 3,000
Total Expenditures $1,312,931
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