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<br />10/6/2006 fJJj]J@[%&u
<br /> General Fund
<br />(8+4)
<br /> Variance Variance
<br /> 2005 2006 Budget vs. Budget vs. 2007
<br /> Actual Budget Projected Projected $ Projected % Budget
<br />Beginning Fund Balance, January 1 $ 2,880,197 $ 3,438,985 $ 3,438,985 $ 2,915,967
<br />Revenues
<br />General Property Taxes 1,966,450 2,044,453 2,024,009 (20,444) 99% 2,046,285 100.1%
<br />Sales Tax 5,556,191 5,466,857 5,072,534 (394,323) 93% 5,337,032 97.6%
<br />Use Tax 833,460 958,219 833,460 (124,759) 87% 833,460 87.0%
<br />Lodging Excise Tax 297,122 308,097 320,000 11,903 104% 320,000 103.9%
<br />Franchise Tax 940,659 897,556 900,919 3,363 100% 900,919 100.4%
<br />Other Taxes 206,553 179,000 179,000 100% 179,000 100.0%
<br />Licenses & Perm its 687,517 731,500 541,401 (190,099) 74% 770,600 105.3%
<br />Intergovernmental 761,048 714,000 843,626 129,626 118% 722,388 101.2%
<br />Charges for Services 1,541,520 1,564,243 1,523,793 (40,450) 97% 1,456,060 93.1%
<br />Fines & Forfeitures 201,908 170,000 176,000 6,000 104% 180,000 105.9%
<br />Miscellaneous 207,420 221,316 211,552 (9,764) 96% 199,200 90.0%
<br />Total Revenues 13,199,848 13,255,241 12,626,294 (628,947) 95% 12,944,944 97.7%
<br />Expenditures
<br />Personal Services 8,026,176 8,546,159 8,421,271 (124,888) 99% 8,650,612 101.2%
<br />Additional Reductions (see note below) (303,000) (Note 1)
<br />Supplies 618,876 694,518 701,401 6,883 101% 679,495 97.8%
<br />Contractual Services 3,828,131 3,954,393 4,039,312 84,919 102% 3,851,208 97.4%
<br />Capital Outlay 71,720 70,000 68,200 (1,800) 97% 66,150 94.5%
<br />Total Expenditures 12,544,903 13,265,070 13,230,184 (34,886) 100% 12,944,465 97.6%
<br />Excess (Deficiency) of Revenues over Expenditures 654,945 (9,829) (603,890) (594,061) . 479
<br />Transfers In - Water & Sewer 64,000 64,000 64,000 64,000
<br />Transfer In - Cemetery 11,503 16,063 16,872 809 16,063
<br />Transfer In - Self Insurance Fund 91,855
<br />Transfers Out - Lodging Tax (263,515)
<br />Net change in fund balances 558,788 70,234 (523,018) (593,252) 80,542
<br />Proiected Endina Fund Balance, December 31 $ 3,438,985 $ 3,509,219 $ 2,915,967 $ (593,252) $ 2,996,509
<br />Reserves recommended Der Fiscal Policv $ 1,881,735 $ 1,845,697 $ 1,984,528 $ 1,941,670
<br />Note 1 Anticipated savings based on restructuring and reorganization of staff beginning 1/1/07.
<br />Note 2: Sales Tax down in total $713,000 from budget for 2006.
<br />Note 3: Transferred $400,000 from Capital Projects fund in 2007.
<br />Original Budget 13,213,761
<br />Supplemental 51,309
<br />Amended Budget 13,265,070
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