1984 BUDGET - Laserfiche WebLink

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GRANTS 1. Federal Revenue Sharing GRAND TOTAL OUTSIDE SOURCES OF REVENUE October 3, 1983 Page -3- 71,000 71,000 $4,601,000 After deducting the above named revenues a balance of $11,191,765 in other revenue is available. The building industry slow down experienced in 1981 and 1982 was off set by the most active building year on record in 1983. The results of which were a most productive Capital Improvement Program; a vastly improved street maintenance schedule as well as funding authorized for key positions at the Department Head level and in the Public Works area most specifically at the Water Treatment Plant and the Street Department. Most notable among the Capital Improvements items were Parks Construction - South Park, Helart, and Joe Carnival, - Public Works equipment, Main Street water main, South Boulder road improvements, Cherry Street repair and the acquisition of the Museum property. In addition substantial amounts are being carried over to 1984 thereby enabling us to construct many other capital projects. Our financial position has been substantially improved in all areas over the 1981 and 1982 budget years. In addition to the above we have been able to isolate the growth dollars generated for Capital Projects, which coupled with future revenues in those areas should provide the monies necessary to fund future projects. We should not lose sight of the importance of developing and increasing the more continuing or permanent type of revenue sources which are so important to maintaining our services at more than just an adequate level. Our mill levy as submitted reflects council's desire to reestablish the Capital Improvement fund with one mill set aside for the Capital Fund (Buildings) and one mill set aside for a street repair fund The total breakdown is as outlined below: General Fund - 5.429 mills Capital Fund (Buildings) - 1.000 mill Capital Fund Streets - 1.000 mill