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out are $32,744,833. The City staff presented a balanced budget to its City Council
<br />members in accordance with the municipal code at the November 21, 2006 Council Meeting.
<br />Year to Year Comparison
<br />Year to Year Compari;>on
<br />Beginning Fund Balance, January 1
<br />Revenues
<br />General Property Taxes
<br />Sales Tax
<br />Use Tax
<br />Lodging Excise Tax
<br />Franchise Tax
<br />Other Taxes
<br />Licenses & Permits
<br />Intergovernmental
<br />Charges for Services
<br />Fines & Forfeitures
<br />Miscellaneous
<br />Total Revenues
<br />Expenditures
<br />Operations
<br />Debt Service
<br />Capital Outlay
<br />Total Expenditures
<br />Transfers In
<br />Transfers Out
<br />2006 Budget 2007 Budget
<br />$ 17,279,212 $ 23,347,625
<br />2,646,273 2,647,484
<br />9,876,887 8,895,054
<br />1,196,133 1,045,538
<br />308,097 308,097
<br />897,556 942,526
<br />179,000 179,000
<br />758,050 806,100
<br />1,108,000 1,450,987
<br />8,781,400 10,042,349
<br />170,000 190,000
<br />809,425 1,069,147
<br />26,730,821 27,576,282
<br />19,079,146 18,956,616
<br />2,868,973 2,874,138
<br />11,601,115 10,633,695
<br />33,549,234 32,464,449
<br />280,063 280,384
<br />(280,063) (280,384)
<br />TOTAL AVAILABLE SOURCES 44,290,096 51,204,291
<br />f OTAL USES (33,829,297) (32,744,833
<br />f OTAL OTHER USES OF CASH 750,000 750,000
<br />Net Increase (Decrease) in Cash Eialaince (6,068,413) (4,138,167)
<br />Budgeted Ending Cash Balance
<br />December 31.2006 $ 23,347,625 $ 20,009,458
<br />Cash Requirements -Reserves, Restrictions, Designations
<br />Reserve -Current Water O&M (849,457) (849,457)
<br />Reserve -Windy Gap Debt (129,931) (129,931)
<br />Unrestricted Fund Balance.
<br />December 31.2006
<br />$ 22,368,237 $ 19,030,070
<br />Reserves Recommended per Fiscal I?olicy
<br />$ 3,410,844 $ 3,516,934
<br />11
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