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With regard to the limitation,this year's computation of it differs
<br />from previous years. Since 1971, the limitation has been calculated
<br />as an increment over the previous year's limitation. For 1982, the
<br />limitation is simply an increment over last year's actual levy. Thus,
<br />the margin that it has been possible to build since 1971 has been lost
<br />in 1982.
<br />Revenue
<br />Following is a summary of revenues included in the 1982 budaet:
<br />Source
<br />Property Tax
<br />Intergovernmental
<br />Licenses and Permits
<br />Court Fines
<br />Charges for Services
<br />Special Assessments
<br />Transfers
<br />Total
<br />1981
<br />Adopted
<br />$3,095,843
<br />1,409,245
<br />229,410
<br />35,000
<br />3,357,336
<br />577,084
<br />684,395
<br />19II2
<br />Proposed
<br />$3,460,645
<br />1,393,075
<br />257,900
<br />40,000
<br />3,916,170
<br />547,595
<br />883,638
<br />$9,388,313 $10,499,023
<br />Amount
<br />Increase
<br />(Decrease)
<br />$ 364,802
<br />(16,170)
<br />28,490
<br />5,000
<br />558,II34
<br />(29,4II9)
<br />199,243
<br />$1,110,710
<br />Percent
<br />Increase
<br />Decrease
<br />11.78%
<br />(1.15%)
<br />12.42%
<br />14.29%
<br />16.65%
<br />(5.11%)
<br />29.11%
<br />11.83%
<br />There are three areas of note in the above chart. First, intergovernmental
<br />revenue is down 1.15%. This reflects a decrease in Dutch Elm aid and
<br />elimination of the state health grant.
<br />A second area is the decrease in Special Assessments. This reflects a de-
<br />crease in the amount of special assessments outstanding at this time.
<br />Third, Transfers are up 29.11%, primarily as a result of the transfer to
<br />Permanent Improvements from Water Operating revenues to cover the cost for
<br />cleaning and painting the water tower.
<br />Expenditures
<br />Total proposed expenditures for 1982 are �10,499,023. This is an increase
<br />of 11.83%, or $1,110,710 over 1981. Major categories of expenditure com-
<br />pared to 1981 are as follows:
<br />. Dollar Percent
<br />19II1 1982 Increase Increase
<br />Category Adopted Propose! (Decrease) (Decrease)
<br />Personal Services $3,046,993 a 3,369,336 � 322,343 10.58%
<br />Current Expenses 4,189,463 4,695,991 506,528 12.09%
<br />Capital Expenditures 363,940 517,427 153,487 42.17%
<br />Debt 5ervices 1,787,917 1,916,269 128,352 7.18%
<br />Total
<br />$9,3II8,313 $10,499,023 $1,110,710 11.53%
<br />
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