ALLOCATIONS The Allocations Budget is an administrative budget that captures fund-level revenue and expenses. Revenue includes property taxes, replacement taxes, interest income and miscellaneous reimbursements. Expenses include administrative costs that are shared by various departments and identified within each fund. ALLOCATIONS- GENERAL FINAL 2021 FINAL 2022 BUDGET 2023 PROJECTIONS 2023 BUDGET 2024 2024 VS. 2023 PROJ % 2024 VS. 2023 BUDGET % REVENUE Property Taxes $7,216,044 $7,336,100 $7,817,940 $7,838,800 $7,111,705 ($727,095) -9% ($706,235) -9% Replacement Taxes 306,912 730,080 630,300 513,500 444,100 (69,400) -14% (186,200) -30% Investment Income (5,472) 16,872 90,000 178,288 166,300 (11,988) -7% 76,300 85% Alternative Revenue 128,002 303,930 (303,930) 0% 0 0% Miscellaneous 9,915 12,929 14,000 11,737 12,300 563 5% (1,700) -12% Total Revenue 7,527,399 8,223,983 8,552,240 8,846,255 7,734,405 (1,111,850) -13% -817,835 -10% EXPENSES Wages & Benefits (84,902) 10,443 20,000 40,000 40,000 0% 20,000 100% Supplies 12,012 6,472 3,700 3,800 3,400 (400) -11% (300) -8% Contractual Services 9,387 12,690 14,840 13,840 13,962 122 1% (878) -6% Utilities 135,289 125,504 90,367 87,700 104,274 16,574 19% 13,907 15% Total Expenditures 71,786 155,109 128,907 105,340 161,636 56,296 53% 32,729 25%
Surplus/(Deficit) Before Transfers
7,455,613 8,068,874
8,423,333
8,740,915
7,572,769
(1,168,146) -13%
(850,564)
-10%
Transfer to Recreation (1,045,344)
(1,478,685) (1,497,960)
(2,499,257)
(1,428,895) (1,929,178) (3,358,073)
(1,357,447) (188,606) (1,546,053)
71,448 -5%
1,141,810 -46%
Transfer to Capital Total Transfers Surplus/(Deficit)
(1,923,583)
(301,361)
1,740,572 -90% 1,812,020 -54% $643,874 12%
112,755
0%
(2,968,927) (2,976,645)
(2,800,618)
1,254,565 -45%
$4,486,686 $5,092,229 $5,622,715
$5,382,842 $6,026,716
$404,001
7%
2024 BUDGET 41
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