Annual_Budget_1984_001 - Laserfiche WebLink

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Revenue The revenues included in the 1984 budget are summarized below. Property Tax Interqovernmental Licenses & Permits Court Fines Charges for Services Suecial Assessments '1' Ydil S i21"S Total 1984 Proposed $ 4,211,653 988,822 313,850 90,000 4,75G,134 586,628 i,002,759 $11,943,846 19II3 Adopted $ 3,647,534 1,241,525 28t3,400 55,000 9,522,793 546,855 679,038 $10,9£31,145 The above chart contains several areas of interest: Amount Increase (Decrease) $564,119 (252,703) 25,450 35,000 227,341 39,773 323,721 $962,701 Percent Incrnase (Decrease) 15.46 (20.35) 8. E32 63.64 5.03 7.27 47.67 8.77 1. Intergovernmental Revenue: The principle reason for the decrease in inter- governmental revenue is the reduction of approximately $255,000 in �Local Government Aids which was made during the last session of the State Legislature. 2. Court Fees are up $35,000, reflecting an increase in the amount of fines being collected. 3. Charges For Service: The increase in charges for service is due to the pass through of increased Metro Waste and St. Paul water charges to the City's utility customers, and to increases in Ice Arena ice rental fees. 4. Transfers: The increase in transfers reflects the use of reserves to fund portions of the budget. The major portion of the increase is due to the use of $250,000 from Capitalized Interest to reduce the tax levy. 5. The tax levy for debt has increased due to the sale of General Obligation Improvement Bonds to refinance temporary improvement bonds of 1981 and to finance 1982 and 1983 construction projects. Expenditures Total proposed expenditures for 1984 are $11,943,846. This is an increase of 8.77b, or $962,701 over 1982. A comparison of major categories of e�enditure with those of 1982 is shown below.