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BUDGET COMMENTARY:
<br />This fund will receive its revenue from a property tax levy and special assessments.
<br />Annual debt service payments are the only expenditures budgeted in this fund.
<br />BUDGET:
<br />305 2018 IMPROVEMENT BONDS
<br />REVENUE BUDGET
<br />12/17/2024
<br />11 /30/2025
<br />12/16/2025
<br />ACCT.
<br />2022
<br />2023
<br />2024
<br />2025
<br />2025
<br />2026
<br />%
<br /># ACCOUNT DESCRIPTION
<br />ACTUAL
<br />ACTUAL
<br />ACTUAL
<br />ADOPTED
<br />ACTUAL
<br />ADOPTED
<br />CHANGE
<br />PROPERTY TAXES
<br />31001 CURRENT TAXES
<br />$7,464
<br />$6,501
<br />$5,108
<br />$4,025
<br />$2,025
<br />$7,790
<br />93.54%
<br />31002 DELINQUENT TAXES
<br />4
<br />3
<br />0
<br />0
<br />36
<br />0
<br />0.00%
<br />31003 FISCAL DISPARITIES TAXES
<br />184
<br />170
<br />149
<br />0
<br />72
<br />225
<br />0.00%
<br />31004 PENALTIES & INTEREST
<br />0
<br />0
<br />(3)
<br />0
<br />0
<br />0
<br />0.00%
<br />TOTAL FINES & FORFETIS
<br />$7.652
<br />$6,674
<br />$5,254
<br />$4,025
<br />$2,133
<br />$8.015
<br />99.13%
<br />SPECIAL ASSESSMENTS
<br />36101 SPECIALASSESSMENTS- CURRENT
<br />60,203
<br />58,576
<br />56,949
<br />47,000
<br />$27,661
<br />43,000
<br />-8.51%
<br />36102 SPECIAL ASSESSMENTS - DELINQUENT
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0.00%
<br />36103 PENALTIES & INTEREST
<br />11
<br />0
<br />208
<br />0
<br />0
<br />0
<br />0.00%
<br />36104 SPECIAL ASSESSMENTS - PREPAID/SNR
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0.00%
<br />TOTAL FINES & FORFEITS
<br />$60.214
<br />$58.576
<br />$57,157
<br />$47,000
<br />$27,661
<br />$43,000
<br />-8.51%
<br />MISCELLANEOUS
<br />36210 INTEREST EARNINGS
<br />(1,564)
<br />2.612
<br />2,718
<br />1,000
<br />1,232
<br />2,266
<br />126.60%
<br />39100 BOND PROCEEDS
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0.00%
<br />39200 TRANSFERS IN
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0.00%
<br />TOTAL MISCELLANEOUS
<br />($1,564)
<br />$2,612
<br />$2.718
<br />$1,000
<br />$1,232
<br />$2,266
<br />126.60%
<br />TOTAL REVENUES $66,302 $67,862 $65,129 $52.025 $31,026 $53,281 2.41%
<br />EXPENDITURE BUDGET
<br />CAPITAL OUTLAY
<br />600
<br />BOND PRINCIPAL
<br />$40,000
<br />$40,000
<br />$40,000
<br />$40,000
<br />$40,000
<br />$40.000
<br />0.00%
<br />610
<br />BOND INTEREST
<br />20,300
<br />19,100
<br />17.900
<br />16,700
<br />16,700
<br />15,500
<br />-7.19%
<br />620
<br />FISCAL A GENT FEES
<br />950
<br />2,500
<br />425
<br />1,200
<br />1,000
<br />1,500
<br />25.00%
<br />720
<br />TRANSFERS OUT
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0.00%
<br />TOTAL CAPITAL OUTLAY
<br />$61,250
<br />$61,600
<br />$58,325
<br />$57,900
<br />$57,700
<br />$57,000
<br />-1.55%
<br />TOTAL EXPENDITURES
<br />$61,250
<br />$61,600
<br />$58,325
<br />$57,900
<br />$57,700
<br />$57,000
<br />-1.55%
<br />FUND BALANCE- JANUARY 1 $96.719 $96,719 $102,981 $109,785 r $109,785 $83,111
<br />EXCESS REVENUE OVER EXPENDITURES $5,052 $6,262 $6,804 ($5,875) ($26,674) ($3,719)
<br />FUND BALANCE- DECEMBER 31 $101,771 $102,981 $109.785 $103,910 $83.111 $79,392-23.60%
<br />39
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