Projected budget report for state
| Projected Budget Report | ||||||||||
| Local Unit Name: | Village of North Branch | |||||||||
| Local Unit Code: | 44-3060 | |||||||||
| Current Fiscal Year End Date: | 2/28/2016 | |||||||||
| Fund Name: | General Fund | |||||||||
| REVENUES | Current Year Budget ending 02/28/2015 | Percentage Change | Year 2 Budget ending 02/28/2016 | Assumptions | ||||||
| Property Taxes | 160,898 | 30 | % | 210,100 | Property value increases and new buildings |
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| Other Taxes | 176 | (100) | % | - | ||||||
| State Revenue Sharing | 96,313 | (0) | % | 96,000 | ||||||
| Fines & Fees | 27,774 | (35) | % | 20,500 | ||||||
| Licenses & Permits | 11,436 | (7) | % | 10,717 | ||||||
| Interest Income | 660 | (560) | % | 100 | ||||||
| Grant Revenues | 1,477 | (1) | % | 1,400 | ||||||
| Other Revenues | 131,096 | 5 | % | 137,950 | ||||||
| Total Revenues | 429,830 | 476,767 | ||||||||
| EXPENDITURES | ||||||||||
| General Government | 87,419 | 45 | % | 126,472 | Labor and Material increases | |||||
| Police and Fire | 124,317 | 42 | % | 176,620 | Added a police officer | |||||
| Other Public Safety | 1,750 | 17 | % | 2,050 | ||||||
| Other Public Works | 115,857 | (11) | % | 103,595 | ||||||
| Community & Economic Development | 1,033 | 68 | % | 1,740 | ||||||
| Recreation & Culture | 4,320 | (1) | % | 3,440 | ||||||
| Capital Outlay | 774 | (100) | % | - | ||||||
| Other Expenditures | 39,449 | 59 | % | 62,850 | Contribution to Downtown Development Authority |
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| Total Expenditures | 374,919 | 476,767 | ||||||||
| Net Revenues (Expenditures) | 54,911 | - | ||||||||
| Beginning Fund Balance | 54,911 | |||||||||
| Ending Fund Balance | 54,911 | 54,911 | ||||||||
| Commentary: | ||||||||||
