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<br />
<br />General Overview
<br />There are no significant projects included in the 2024 budget which would affect the permit
<br />revenue. The permit revenue included reflects only the estimated recurring “base” amount, similar
<br />to what was included in the 2023 budget.
<br />
<br />A summary of the major changes in the 2024 budget is as follows:
<br />
<br />
<br />The table below shows the original adopted budget for the General Fund compared with the final
<br />audited numbers from 2013 - 2022. As you can see, the City has come in better than the budget for
<br />all the years shown. Reasons for this difference include conservative budgeting and we don’t
<br />budget for position vacancies. Please note that the 2020 actuals include revenue from the CARES
<br />Act in the amount of $459,614, and this was a one-time occurrence. The Transfers Out column
<br />shows the funds that were transferred to cover capital projects within the City.
<br />
<br />
<br />Description Effect on Levy
<br />Decrease use of fund balance -
<br />Decrease in antenna rental (Sprint/T-Mobile merger)30,780
<br />Increase in building permits fees (23,680)
<br />Transfer to Cable Fund 50,000
<br />Increase in RamCo Sheriff 169,550
<br />Increase in LJFD 162,330
<br />Council retreat/strategic planning 10,000
<br />NYFS contract 23,300
<br />Election services 8,950
<br />Property insurance 20,250
<br />Sand & salt for roads 10,000
<br />Pavement condition survey 20,000
<br />Step increases and position changes 89,600
<br />COLA adjustments 45,600
<br />Insurance benefits 30,880
<br />Net changes in other GF budget areas (26,290)
<br />621,270
<br />Original Operating Transfers
<br />Y ear Budget Activity Out
<br />2013 (16,100) 44,795 (30,000)
<br />2014 (185,402) 142,649 (162,417)
<br />2015 (58,305) 736,465 -
<br />2016 (160,326) 427,521 (565,121)
<br />2017 (195,955) 694,505 -
<br />2018 (237,225) 101,055 (400,000)
<br />2019 (186,970) 235,217 (360,000)
<br />2020* (121,590) 642,918 (478,000)
<br />2021 (90,720) 337,316 (548,000)
<br />2022 (140,000) 298,955 (102,540)
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