Laserfiche WebLink
08/21 /2012 <br />City of Gem Lake 2013 Preliminary Budget <br />2012 Adopted <br />Levy 2012: General <br />Building Bonds <br />Total Levy <br />General Fund Budget USE OF FUND BALANCE <br />2013 Preliminary <br />$ 222,172 <br />51,300 <br />273 472 <br />Levy 2013: General $ 312,996 <br />Building Bonds 52.000 <br />Total Levy 364 996 <br />General Fund Budget USE OF FUND BALANCE SL-0 <br />GENERAL FUND <br />2013 Revenues: <br />➢ Property Taxes for the General Fund are $90,824 more than the 2012 levy amount. This <br />would represent the MAXIMUM levy for 2013 and would be refined before final <br />adoption in November 2012. Overall levy, including debt for Heritage Hall, is $91,524. <br />➢ License and permit revenues were estimated to increase slightly ($1,145) from the 2012 <br />adopted budget based on past actual revenues. <br />➢ Intergovernmental revenues are budgeted the same as 2012, which includes SCORE <br />funding and police state aid credit through the Sheriff s contract group. <br />➢ Charges for services are consistent with the 2012 budget and past actual revenues <br />received. <br />➢ Fines and forfeitures decreased based on 2012 revenues. <br />➢ Miscellaneous Revenues are consistent with the 2012 budget and DO INCLUDE an <br />offset in facility fees for the Sheriff providing clerical support in trade for space rent as <br />well as WBT reimbursement for O&M costs. <br />2013 Expenditures: <br />➢ City Council includes contingency at $31,498, which is an increase of $6,498. <br />➢ Clerk/General Government decreased to reflect 2012 budget and actual expenditures. <br />➢ Legal services increased from 2012 budget based on possible legal actions. <br />➢ Elections decreased to reflect only voting machine maintenance due to no elections <br />scheduled in 2013. <br />➢ Planning and Zoning includes some planning time based on 2012 and some comp plan <br />updates. <br />