Budget
Analysis, Page 5
ANNUAL MEETING,
PROPOSED OPERATING BUDGET FOR 2009
VERSUS PREVIOUS YEARS BUDGETS
2009
2006 2007 2008 Proposed
GENERAL REVENUE FUND 120,000 130,000 130,000
155,000
ROAD AND BRIDGE FUND 450,000 475,000 475,000 475,000
ROAD CAPITAL IMPROVEMENT 100,000 100,000 100,000 100,000
TOTALS
670,000 705,000 705,000 730,000
BUDGET VERSUS RECEIPTS ANALYSIS
FOR YEAR ENDED
2007
budget Receipts
Variance
GENERAL REVENUE FUND 130,000 168,053
+ 38,053
ROAD AND BRIDGE FUND 475,000 543,017
+ 68,017
CAPITAL ROAD IMPROVEMENT 100,000 93,651 -
6,349
TOTALS 705,000 804,721
+
99,721
CASH RECEIPTS, DISBURSEMENTS AND BALANCES
FOR THE YEAR ENDED
Beginning Receipts Inter-fund Transfers Disbursements Balance
1/1/200 Tax & Fees Out (-) In +) Expenses
GENERAL REVENUE FUND 163,659 168,053 16,510 770 152,472 163,500
ROAD AND BRIDGE FUND 172,785 543,017 139,000 688,896 165,906
CAPITAL ROAD IMPROVEMENT FUND
89,682 93,651 139,000 44,333
TOTAL –GENERAL BUDGET FUNDS 426,126 804,721
155,510 139,770 841,368 373,739
SPECIAL NON-BUDGET ACCOUNT BALANCES
Fire Fund 4,610
Building Fund 4,957
Contingency/
repair fund 17,934
Checking
account
4,615
Total,
non-budget dedicated accounts 42,812
GRAND
TOTAL FUND BALANCES AS OF
(All figures rounded to
nearest dollar)
Budget
Analysis Page 6
SUMMARY OR REVENUES AND EXPENSES
Year
ended
GENERAL
REVENUE ACCOUNTS
Tax
levy, general property taxes for 2008 130,000
Revenue and receipts
General
property taxes received 137,130
Licenses
and fee income 500
State
grants and aids 17,174
Recycling
incentives from county 2,424
Interest income, General Rev. accounts 4,928
Junk
amnesty day fees and county incentives 5,609
Miscellaneous
income 288
Total
revenue 168,053
Expenditures and disbursements
Wages:
Supervisors, clerk, zoning and planning
committee, FICA, Medicare, related
42,549
Elections,
judges, supplies 2,553
Legal
notices, advertising, publications 2,199
Legal,
professional and consulting services 7,363
Town
hall utilities, gas, electric, phone, etc. 11,018
Education
and training, staff and board 8,113
Assessor
contract 32,210
Recycling
expense 30,398
Junk
amnesty day expense 4,978
Internet
service & web page maintenance 1,635
Office
supplies and equipment 3,051
Insurance
4,285
Association
dues, subscriptions 933
Miscellaneous/Various
accounts 1,187
Total expenditures
and disbursements 152,472
Note: State grants and aids to local government may
change on an annual basis at the discretion of the state legislature. The
township does not have any exact knowledge of what level of revenue may come
from these sources for our 2009 budget, other than guidelines of what has been
available in the past. Accordingly, our
major expenditures and expenses are based upon the real estate tax levy, which
is set at this meeting.
One factor that may
affect township revenue receipts in the near future, are issues with delinquent
real estate taxes. With more financial difficulties and foreclosures possibly
in sight, it is possible that citizens may delay payment of their real estate
taxes. This would have a detrimental effect on township revenue receipts. The
board of supervisors believes that the account balances which have been
maintain from year to year will help provide a cushion against this possible
problem.
Budget
Analysis Page 7
SUMMARY OR REVENUES AND EXPENSES
Year
ended
ROAD
AND BRIDGE ACCOUNT
Tax
levy, general property taxes for 2008 475,000
Tax
levy, road capital improvement fund for 2008 100,000
Total
levy revenue 575,000
Revenue and receipts
General
property taxes received 450,002
Road
improvement taxes received 93,651
Other
taxes, gravel tax, etc. 5,963
State
grants and aids, town road monies 63,540
Charges
for service 14,407
Interest
income, Road & bridge accounts 4,505
Sale
of culverts and mail box posts 1,582
Other income & revenue, permits & misc. 3,018
Total
revenue 636,668
Expenditures and disbursements
Wages: Full and part time maintenance staff wages,
FICA,
PERA, Medicare, related 83,578
Insurance
and workmens compensation fund 7,326
Employer
paid health insurance benefits 6,274
Outside
hire, miscellaneous labor 1,538
Fuel
and oil 15,559
Gravel
purchases, crushing and hauling 45,757
Salt
and sand 2,258
Professional
services (Engineers for Eagle
Road
building projects 367,506
Dust
control, road calcium chloride 40,906
Surveying,
legal and engineering 1,498
Cell
phones, maintenance field employees 1,416
Operating
supplies, road and bridge 17,160
Safety
equipment, training, drug screening 831
Equipment repair and maintenance, tires, batteries, etc.
5,106
Association
dues, subscriptions, bid publications 1,573
Road
materials, bituminous patch,
signs, grass seeding
related supplies and expenses 13,744
Equipment
rental 3,281
Miscellaneous/Various
accounts 7,735
Total
expenditures and disbursements 688,896
Note:
The discrepancy between the budget levy tax assessed and receipt of revenue to
the township is negatively affected if property owners are delinquent on their
real estate property taxes.