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HomeMy WebLinkAbout2025 Amended Budget and Tax LevyBudget Budget 2024 2025 General Fund Levies General Operating Levy 43,744,165$ 47,543,215$ General Fund Subtotal 43,744,165 47,543,215 Increase From Prior Year (%)9.85%8.68% Debt Service Fund Levies Gymnasium Debt Service 392,000 398,000 Fire Station Debt Service 403,000 406,000 Public Works Facility Debt Service 1,508,000 1,512,000 Sports Dome 1,168,700 1,165,100 Fire Station 2 Debt Service*- 1,896,539 Debt Service Fund Subtotal 3,471,700 5,377,639 Increase From Prior Year (%)7.48%54.90% Construction Fund Levies Capital Improvement Plan Levy 2,000,000 1,000,000 Equipment Levy 2,470,000 2,668,000 Street Reconstruction Levy 1,481,000 1,762,000 Special Park Improvement Levy 1,000,000 400,000 Construction Fund Subtotal 6,951,000 5,830,000 Increase From Prior Year (%)5.95%-16.13% HRA Fund Levies HRA Operating Levy 251,700 259,300 HRA Fund Subtotal 251,700 259,300 Increase From Prior Year (%)2.99%3.02% Total Property Tax Levy 54,418,565$ 59,010,154$ Increase From Prior Year (%)9.15%8.44% PROPOSED TAX LEVIES 1 2022 2023 2024 2025 Actual Actual Budget Budget REVENUES AND OTHER FINANCING SOURCES Property Tax Levy 45,096,245$ 49,156,932$ 54,418,565$ 10.70%59,010,154$ 8.44% Tax Increments 1,720,244 2,078,686 2,015,000 -3.06%2,415,000 19.85% Local Option Sales Tax - 5,450,871 5,436,000 -0.27%5,436,000 0.00% Franchise Fees & Other Taxes 3,661,134 3,694,430 3,995,900 8.16%3,995,900 0.00% Special Assessments 4,426,156 3,609,885 3,890,096 7.76%3,723,637 -4.28% Licenses & Permits 7,482,097 5,716,734 5,562,360 -2.70%5,819,338 4.62% Intergovernmental 6,673,178 8,117,356 3,181,828 -60.80%2,748,582 -13.62% Charges for Services 14,245,623 15,567,435 17,249,935 10.81%18,437,811 6.89% Fines and Forfeitures 359,680 488,872 350,000 -28.41%350,000 0.00% Investment Income (3,883,446) 7,467,598 1,776,000 -76.22%1,825,000 2.76% Other Revenue 8,550,501 3,977,165 3,911,850 -1.64%3,919,982 0.21% Transfers and Contributions 18,131,197 6,046,554 4,438,243 -26.60%4,672,391 5.28% Operating Revenue 56,166,200 53,842,160 53,970,248 0.24%55,967,574 3.70% Debt Issued 31,291,270 1,290,608 - -100.00%- N/A Other Financing Sources 145,686 362,697 2,000,000 451.43%1,016,000 -49.20% TOTAL REVENUES AND OTHER FINANCING SOURCES 194,065,763 166,867,982 162,196,026 -2.80%169,337,369 4.40% EXPENDITURES, EXPENSES AND OTHER FINANCING USES - BY TYPE Cost of Goods Sold 10,458,750 9,553,705 10,570,828 10.65%11,453,268 8.35% Personnel Service 49,620,892 54,196,885 60,155,231 10.99%64,456,712 7.15% Contractual Services 34,728,159 34,539,634 37,494,382 8.55%39,173,423 4.48% Commodities 6,183,923 5,596,220 6,639,838 18.65%6,710,039 1.06% Internal Services 7,978,288 8,190,952 9,507,757 16.08%9,404,606 -1.08% Capital Outlay 29,527,500 26,544,647 51,103,297 92.52%48,999,406 -4.12% Depreciation 8,864,924 8,958,385 - -100.00%- N/A Debt Service 12,802,481 9,336,381 9,921,353 6.27%26,809,224 170.22% Other Expenses 11,801 - - N/A - N/A Transfers and Contributions 14,685,915 6,046,554 4,438,243 -26.60%4,672,391 5.28% TOTAL EXPENDITURES, EXPENSES AND OTHER FINANCING USES 174,862,632 162,963,364 189,830,930 16.49%211,679,069 11.51% EXPENDITURES, EXPENSES AND OTHER FINANCING USES - BY DEPARTMENT Administration 2,481,936 2,322,986 3,560,065 53.25%3,232,608 -9.20% Human Resources 3,856,650 4,202,179 4,561,005 8.54%4,441,444 -2.62% Finance 5,106,801 5,186,646 3,620,179 -30.20%2,516,676 -30.48% Public Works 27,155,679 29,211,382 51,376,325 75.88%49,093,492 -4.44% Engineering 16,641,967 26,775,353 25,649,511 -4.20%29,779,168 16.10% Fire 29,207,398 17,234,249 17,092,318 -0.82%18,330,983 7.25% Parks and Recreation 36,067,820 38,043,870 42,309,354 11.21%41,744,117 -1.34% Police 15,662,369 16,316,230 19,418,967 19.02%19,443,069 0.12% Community Development 23,562,515 12,179,316 9,391,866 -22.89%13,021,625 38.65% Information Technology 2,317,269 2,309,810 3,265,043 41.36%3,278,168 0.40% Communications 1,508,948 1,735,656 1,706,115 -1.70%1,785,379 4.65% Debt Service 11,293,281 7,445,703 7,880,182 5.84%25,012,343 217.41% TOTAL EXPENDITURES, EXPENSES AND OTHER FINANCING USES 174,862,632 162,963,379 189,830,930 16.49%211,679,069 11.51% CHANGE IN FUND BALANCE OR NET POSITION 19,203,131 3,904,618 (27,634,904) (42,341,700) FUND BALANCE OR NET POSITION - JANUARY 1 227,495,702 246,724,287 250,628,904 222,994,000 FUND BALANCE OR NET POSITION - DECEMBER 31 246,698,833$ 250,628,904$ 222,994,000$ 180,652,300$ CONSOLIDATED BUDGET 2 Governmental Enterprise Internal Service Funds Funds Funds Total REVENUES AND OTHER FINANCING SOURCES Property Tax Levy 59,010,154$ -$ -$ 59,010,154$ Tax Increments 2,415,000 - - 2,415,000 Local Option Sales Tax 5,436,000 - - 5,436,000 Franchise Fees & Other Taxes 3,410,000 585,900 - 3,995,900 Special Assessments 3,723,637 - - 3,723,637 Licenses & Permits 5,819,338 - - 5,819,338 Intergovernmental 2,658,582 90,000 - 2,748,582 Charges for Services 7,115,176 128,750 11,193,885 18,437,811 Fines and Forfeitures 350,000 - - 350,000 Investment Income 1,185,000 640,000 - 1,825,000 Other Revenue 468,682 3,206,300 - 3,674,982 Transfers and Contributions 3,105,861 1,566,530 - 4,672,391 Operating Revenue - 55,967,574 - 55,967,574 Other Financing Sources 1,261,000 - - 1,261,000 TOTAL REVENUES AND OTHER FINANCING SOURCES 95,958,430 62,185,054 11,193,885 169,337,369 EXPENDITURES, EXPENSES AND OTHER FINANCING USES - BY TYPE Cost of Goods Sold - 11,453,268 - 11,453,268 Personnel Services 47,043,108 14,382,131 3,031,473 64,456,712 Contractual Services 19,300,767 15,246,248 4,626,408 39,173,423 Commodities 2,569,194 2,648,945 1,491,900 6,710,039 Internal Services 6,099,719 3,304,887 - 9,404,606 Capital Outlay 24,661,080 24,338,326 - 48,999,406 Debt Service 25,012,343 1,796,881 - 26,809,224 Transfers and Contributions 3,298,861 1,373,530 - 4,672,391 TOTAL EXPENDITURES, EXPENSES AND OTHER FINANCING USES 127,985,072 74,544,216 9,149,781 211,679,069 EXPENDITURES, EXPENSES AND OTHER FINANCING USES - BY FUNCTION Administration 3,232,608 - - 3,232,608 Human Resources 1,883,661 - 2,557,783 4,441,444 Finance 1,716,557 800,119 - 2,516,676 Public Works 8,410,800 38,407,365 2,275,327 49,093,492 Engineering 27,396,751 903,914 1,478,503 29,779,168 Fire 16,524,403 1,806,580 - 18,330,983 Parks and Recreation 9,117,876 32,626,239 - 41,744,116 Police 19,443,069 - - 19,443,069 Community Development 13,021,625 - - 13,021,625 Information Technology 440,000 - 2,838,168 3,278,168 Communications 1,785,379 - - 1,785,379 Debt Service 25,012,343 - - 25,012,343 TOTAL EXPENDITURES, EXPENSES AND OTHER FINANCING USES 127,985,072 74,544,216 9,149,781 211,679,069 CHANGE IN FUND BALANCE OR NET POSITION (32,026,642) (12,359,162) 2,044,104 (42,341,700) FUND BALANCE OR NET POSITION - JANUARY 1 90,036,836 127,571,406 5,616,866 223,225,108 FUND BALANCE OR NET POSITION - DECEMBER 31 58,010,194$ 115,212,244$ 7,660,970$ 180,883,408$ 2025 Budget 3 Opioid Public Braemar Arts &Debt General HRA PACS Response Safety Aid CAS CDBG Police SR Memorial Culture Service Construction Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Total REVENUES AND TRANSFERS IN Property Tax Levy 47,543,215$ 259,300$ -$ -$ -$ -$ -$ -$ -$ -$ 5,377,639$ 5,830,000$ 59,010,154$ Tax Increments - 2,415,000 - - - - - - - - - - 2,415,000 Local Option Sales Tax - - - - - - - - - - - 5,436,000 5,436,000 Franchise Fees & Other Taxes 1,120,000 - 1,230,000 - - 980,000 - - - - - 80,000 3,410,000 Special Assessments - - - - - - - - - - - 3,723,637 3,723,637 Licenses & Permits 5,819,338 - - - - - - - - - - - 5,819,338 Intergovernmental 2,453,960 - - 34,622 - - 170,000 - - - - - 2,658,582 Charges for Services 6,315,176 800,000 - - - - - - - - - - 7,115,176 Fines and Forfeitures 350,000 - - - - - - - - - - - 350,000 Investment Income 425,000 304,000 22,000 2,000 - 46,000 - 3,000 1,000 - - 382,000 1,185,000 Other Revenue 466,182 - - - - - - - 2,500 - - - 468,682 Transfers and Contributions 157,000 - - - - - - - - - 2,948,861 - 3,105,861 Other Financing Sources 1,016,000 - - - - 20,000 - 225,000 - - - - 1,261,000 TOTAL REVENUES AND TRANSFERS IN 65,665,871 3,778,300 1,252,000 36,622 - 1,046,000 170,000 228,000 3,500 - 8,326,500 15,451,637 95,958,430 EXPENSES AND TRANSFERS OUT - BY TYPE Personnel Services 46,264,059 182,088 156,234 - - 299,380 - - - - - 141,347 47,043,108 Contractual Services 10,438,260 8,069,640 80,440 34,622 70,865 298,440 170,000 137,500 1,000 - - - 19,300,767 Commodities 2,549,894 300 5,000 - - 4,000 - 10,000 - - - - 2,569,194 Internal Services 6,063,658 - 10,349 - - 22,646 - - - - - 3,066 6,099,719 Capital Outlay - 1,700,000 1,594,100 - 845,200 1,625,000 - - - - - 18,896,780 24,661,080 Debt Service - - - - - - - - - - 25,012,343 - 25,012,343 Transfers and Contributions 350,000 - - - - - - - - - - 2,948,861 3,298,861 TOTAL EXPENSES AND TRANSFERS OUT 65,665,871 9,952,028 1,846,123 34,622 916,065 2,249,466 170,000 147,500 1,000 - 25,012,343 21,990,054 127,985,072 EXPENSES AND TRANSFERS OUT - BY DEPARTMENT Administration 3,202,608 - - - - - - - - - - 30,000 3,232,608 Human Resources 1,883,661 - - - - - - - - - - - 1,883,661 Finance 1,716,557 - - - - - - - - - - - 1,716,557 Public Works 7,227,300 - - - 250,000 - - - - - - 933,500 8,410,800 Engineering 5,071,958 - 1,846,123 - - 2,249,466 - - - - - 18,229,204 27,396,751 Fire 15,211,531 - - 34,622 375,200 - - - - - - 903,050 16,524,403 Parks and Recreation 8,242,576 - - - - - - - 1,000 - - 874,300 9,117,876 Police 18,674,704 - - - 290,865 - - 147,500 - - - 330,000 19,443,069 Community Development 2,649,597 9,952,028 - - - - 170,000 - - - - 250,000 13,021,625 Information Technology - - - - - - - - - - - 440,000 440,000 Communications 1,785,379 - - - - - - - - - - - 1,785,379 Debt Service - - - - - - - - - - 25,012,343 - 25,012,343 TOTAL EXPENSES AND TRANSFERS OUT 65,665,871 9,952,028 1,846,123 34,622 916,065 2,249,466 170,000 147,500 1,000 - 25,012,343 21,990,054 127,985,072 CHANGE IN NET POSITION (0)$ (6,173,728)$ (594,123)$ 2,000$ (916,065)$ (1,203,466)$ -$ 80,500$ 2,500$ -$ (16,685,842)$ (6,538,417)$ (32,026,642)$ 2025 GOVERNMENTAL FUND BUDGETS 4 Aquatic Golf Braemar Art Utilities Liquor Center Course Arena Field Center Edinborough Centennial Fund Fund Fund Fund Fund Fund Fund Fund Fund Total REVENUES AND TRANSFERS IN Operating Revenues 31,948,581$ 15,014,993$ 1,184,100$ 6,088,500$ 2,592,000$ 565,500$ 122,000$ 1,466,100$ 901,750$ 59,883,524$ Intergovernmental 90,000 - - - - - - - - 90,000 Investment Income 434,000 44,000 48,000 52,000 13,000 26,000 4,000 10,000 9,000 640,000 Other Revenues 5,000 - - - - - - - - 5,000 Transfers In - 5,180 17,000 61,050 400,000 1,300 300,000 18,000 764,000 1,566,530 TOTAL REVENUES AND TRANSFERS IN 32,477,581 15,064,173 1,249,100 6,201,550 3,005,000 592,800 426,000 1,494,100 1,674,750 62,185,054 EXPENSES AND TRANSFERS OUT - BY TYPE Cost of Goods Sold - 10,969,768 78,500 226,000 125,000 - - 39,000 15,000 11,453,268 Personnel Services 3,758,646 2,818,776 721,841 2,713,287 1,523,587 203,080 352,114 1,287,383 1,003,417 14,382,131 Contractual Services 11,162,105 638,731 267,586 923,852 1,165,907 201,818 86,599 386,903 412,747 15,246,248 Commodities 1,381,150 58,500 143,900 498,050 156,500 19,200 29,000 206,750 155,895 2,648,945 Internal Services 1,642,183 459,007 52,536 457,202 275,494 37,410 53,639 180,095 147,321 3,304,887 Capital Outlay 22,052,226 297,600 - 1,581,000 - 75,000 - 332,500 - 24,338,326 Interest and Fiscal Charges 1,548,138 - 9,600 189,044 50,100 - - - - 1,796,881 Transfers and Contributions 373,530 1,000,000 - - - - - - - 1,373,530 TOTAL EXPENSES AND TRANSFERS OUT 41,917,978 16,242,382 1,273,963 6,588,435 3,296,588 536,508 521,352 2,432,631 1,734,380 74,544,216 EXPENSES AND TRANSFERS OUT - BY DEPARTMENT Finance 800,119 - - - - - - - - 800,119 Public Works 38,407,365 - - - - - - - - 38,407,365 Engineering 903,914 - - - - - - - - 903,914 Fire 1,806,580 - - - - - - - - 1,806,580 Parks and Recreation - 16,242,382 1,273,963 6,588,435 3,371,588 461,508 521,352 2,432,631 1,734,380 32,626,239 TOTAL EXPENSES AND TRANSFERS OUT 41,917,978 16,242,382 1,273,963 6,588,435 3,371,588 461,508 521,352 2,432,631 1,734,380 74,544,216 CHANGE IN NET POSITION (9,440,397)$ (1,178,209)$ (24,863)$ (386,885)$ (291,588)$ 56,292$ (95,352)$ (938,531)$ (59,630)$ (12,359,162)$ 2025 ENTERPRISE FUND BUDGETS 5 Risk Equipment Information Facilities Management Operations Technology Management Fund Fund Fund Fund Total REVENUES AND TRANSFERS IN Operational Revenues 4,264,313$ 2,331,113$ 3,070,384$ 1,528,075$ 11,193,885$ TOTAL REVENUES AND TRANSFERS IN 4,264,313 2,331,113 3,070,384 1,528,075 11,193,885 EXPENSES AND TRANSFERS OUT - BY TYPE Personal Services 236,510 902,827 1,431,448 460,688 3,031,473 Contractual Services 2,313,273 257,700 1,186,720 868,715 4,626,408 Commodities 8,000 1,114,800 220,000 149,100 1,491,900 TOTAL EXPENSES AND TRANSFERS OUT 2,557,783 2,275,327 2,838,168 1,478,503 9,149,781 EXPENSES AND TRANSFERS OUT - BY DEPARTMENT Human Resources 2,557,783 - - - 2,557,783 Public Works - 2,275,327 - - 2,275,327 Engineering - - - 1,478,503 1,478,503 Information Technology - - 2,838,168 - 2,838,168 TOTAL EXPENSES AND TRANSFERS OUT 2,557,783 2,275,327 2,838,168 1,478,503 9,149,781 CHANGE IN NET POSITION 1,706,530$ 55,786$ 232,216$ 49,572$ 2,044,104$ 2025 INTERNAL SERVICE FUND BUDGETS 6