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<br />
<br />CITY OF CENTERVILLE Preliminary Estimate
<br />General Fund Budget 5/18/2009
<br /> Actual Actual(Unaudlted Adopted Percent Change Projected Percent Change
<br /> 2007 2008 2009 Budget 2008 to 2009 2010 Budget 2009 to 2010
<br />EXCESS (DEFICIT) OF REVENUES 68,018.00 (14,347.00) 25,000.00 (133,208.80) -632.84%
<br />OVER EXPENDITURES
<br />OTHER FINANCING SOURCES (USES)
<br />Operating Transfer In 0.00 0.00 0.00
<br />Operating Transfer Out 205,800.00 204,458.00
<br /> (9,611.00) (35,977.00)
<br />Street Reconstruction Reserve 25,000.00 (25,000.00) 25,000.00 0.00%
<br />TOTAL OTHER FINANCING 205,800.00 204,458.00 25,000.00 -87.77% 25,000.00 0.00%
<br />Uses (Sources)
<br />TOTAL EXPENDITURES AND OTHER l 2,607,543.00 2,774,468.00 2,221,420.00 -19.93% 2,339,666.00 5.32%
<br />EXCESS (DEFICIENCY) OF (137,782.00) (218,805.00) 0.00 (158,208.80) 8B
<br />REVENUE AND OTHER FINANCING "14
<br />SOURCES OVER EXPENDITURES
<br />AND OTHER FINANCING USES
<br />Debt Service:
<br />GO Assessment 2000 400.00 400.00 0.00
<br />GO Improvement 2004B 102,000.00 102,000.00 102,000.00 130,000.00 27.45%
<br />Joint Police Station Lease 78,400.00 77,200.00 77,400.00 77,400.00 0.00%
<br />Hidden Spring Park Loan 25,000.00 25,000.00 25,000.00 25,000.00
<br />GO Improvement 2007 A 178,500.00 190,000.00 6.44%
<br />2009 Improvement Bds 260,000.00
<br />Total Debt Service 205,800.00 204,600.00 382,900.00 682,400.00 78.22%
<br />Total Levy 1,857,582.00 2,113,235.00 2,043,820.00 2,359,929.20 15.47%
<br />
<br />"1 Includes bond levy. Listed separately for 2009-2010
<br />"2 Travel and conf. curtailed, payroll savings from vacancy of finance director.
<br />Savings may be larger if rehire is at lower rate. Position to fill about June 1.
<br />"3 Reduction in police budget of 5%.
<br />"4 These costs will shift to 2009 Improvement for this year.
<br />"5 Reduction in cost resulting from rebidding lawn mowing.
<br />"6 Budget is $21,000 plus pass-through of $3000 of gambling revenue.
<br />This revenue is unlikely.
<br />"7 Server upgrades
<br />"8 Truck replacement
<br />"9 Local costs toward match of enhancement grant.
<br />
<br />"10 Maximum levy estimated. Actual levy limit may include adjustments for growth in households
<br />"11 Additional allowed levy over limit to make up for 2008 unallotment of aids.
<br />"12 No adjustment yet taken for delayed payment or delinquent taxes.
<br />Delinquency in 2008 is about 4%. To allow for this budget should be reduced by about $70,000
<br />
<br />"13 Minimum budget cuts required to balance.
<br />
<br />"14 A revenue loss of $60,000 through unallotment is likely, whether we can increase the levy
<br />to compensate, is unknown at this time.
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