|
COUNTY OPTION INCOME TAX FUND
<br />SUMMARY OF FUNDING SOURCES AND EXPENDITURES
<br />2008 BUDGET
<br />Funding Sources over /(under) expenditures (237,966) 2,161,703 (2,431,674) (916,589)
<br />(1) Beginning in 2007 these are budgeted by department using funds instead of in general Controller accounts
<br />Cash 1/1/07
<br />2007 Estimated Revenue
<br />2007 Projected Expenditures
<br />2007 Reserve
<br />12/31/2007 (projected)
<br />2008 Estimated Revenue
<br />2008 Requested Budget
<br />2008 Change in Reserve
<br />12/31/2008 (projected)
<br />$ 7,535,967
<br />$ 5,875,618
<br />$ (11,476,045)
<br />$ (1,721,407) 15% of 2007 Projected Expenditures
<br />$ 214,133
<br />$ 5,850,000
<br />$ (6,766,589)
<br />$ 706,418 15% of 2008 Requested Budget
<br />$ 3,962
<br />(2) Grants & Subsidies Include: After School Program, $150,000; Weed & Seed Grant Match, $258,3333;
<br />Vacant Housing $1 Program, $500,000 for a total of $908,333
<br />(3) Capital Lease Payments include
<br />LEIGHTON PLAZA LEASE - TRANSPO
<br />$
<br />200,000
<br />2001 PUBLIC WORKS CENTER - $768,873 X 87.7%
<br />$
<br />% Change
<br />2003 POLICE /FIRE RENOVATION
<br />FY 06
<br />FY07
<br />FY07
<br />FY08
<br />07 Adopted
<br />2005 ANCHOR PROJECT SERIES A
<br />Actual
<br />Budget
<br />As of 6/30/07
<br />Estimate
<br />08 Estimate
<br />Expenditure by Cost Center
<br />$
<br />200,000
<br />2007 IDFA FREDERICKSON PARK (SECOND LOAN)
<br />$
<br />89,322
<br />Debt
<br />7,067,196
<br />7,475,548
<br />2,526,488
<br />3,394,756
<br />-55%
<br />Community /Economic Development
<br />0
<br />2,637,000
<br />800
<br />2,196,833
<br />-17%
<br />Parks & Recreation
<br />0
<br />400,000
<br />0
<br />1,050,000
<br />163%
<br />Animal Control
<br />0
<br />0
<br />0
<br />125,000
<br />100%
<br />Total Expenditures by cost center
<br />7,067,196
<br />10,512,548
<br />2,527;288
<br />6,766,589
<br />-36%
<br />Expenditure by Classification
<br />Salaries
<br />0
<br />0
<br />0
<br />0
<br />0%
<br />Fringe Benefits
<br />0
<br />0
<br />0
<br />0
<br />0%
<br />Supplies
<br />0
<br />0
<br />0
<br />0
<br />0%
<br />Contractual Services (Grants /Susidies) (2)
<br />3,500
<br />0
<br />152,000
<br />908,333
<br />Contractual Services (Capital Lease Payments) (3)
<br />2,809,706
<br />3,713,915
<br />1,575,612
<br />3,394,756
<br />-9%
<br />Transfers Out
<br />100,000
<br />0
<br />0
<br />0
<br />0%
<br />Capital (1)
<br />4,153,990
<br />0
<br />799,676
<br />2,463,500
<br />Total Expenditures by classification
<br />7,067,196
<br />3,713,915
<br />2,527,288
<br />6,766,589
<br />82%
<br />FTE's
<br />0.00
<br />0.00
<br />0.00
<br />0.00
<br />Funding Sources
<br />Fund 404 County Option Income Tax Fund
<br />County Option Income Tax
<br />6,410,405
<br />5,695,618
<br />0
<br />5,700,000
<br />0%
<br />Interest Earnings
<br />226,073
<br />180,000
<br />61,828
<br />150,000
<br />-17%
<br />Miscellaneous Revenue
<br />192,752
<br />0
<br />33,786
<br />0
<br />100%
<br />Total Designated Funding Sources
<br />6,829,230
<br />5,8 5,618
<br />95,614
<br />5,850,670-0-
<br />Funding Sources over /(under) expenditures (237,966) 2,161,703 (2,431,674) (916,589)
<br />(1) Beginning in 2007 these are budgeted by department using funds instead of in general Controller accounts
<br />Cash 1/1/07
<br />2007 Estimated Revenue
<br />2007 Projected Expenditures
<br />2007 Reserve
<br />12/31/2007 (projected)
<br />2008 Estimated Revenue
<br />2008 Requested Budget
<br />2008 Change in Reserve
<br />12/31/2008 (projected)
<br />$ 7,535,967
<br />$ 5,875,618
<br />$ (11,476,045)
<br />$ (1,721,407) 15% of 2007 Projected Expenditures
<br />$ 214,133
<br />$ 5,850,000
<br />$ (6,766,589)
<br />$ 706,418 15% of 2008 Requested Budget
<br />$ 3,962
<br />(2) Grants & Subsidies Include: After School Program, $150,000; Weed & Seed Grant Match, $258,3333;
<br />Vacant Housing $1 Program, $500,000 for a total of $908,333
<br />(3) Capital Lease Payments include
<br />LEIGHTON PLAZA LEASE - TRANSPO
<br />$
<br />200,000
<br />2001 PUBLIC WORKS CENTER - $768,873 X 87.7%
<br />$
<br />674,302
<br />2003 POLICE /FIRE RENOVATION
<br />$
<br />1,714,187
<br />MAIN STREET /COLFAX GARAGE LEASE - TRANSPC
<br />$
<br />200,000
<br />2005 ANCHOR PROJECT SERIES A
<br />$
<br />77,917
<br />2003 IDFA FREDERICKSON PARK
<br />$
<br />107,528
<br />2007 STAMPING PLANT LEASE - TRANSPO (NEW)
<br />$
<br />200,000
<br />2007 IDFA FREDERICKSON PARK (SECOND LOAN)
<br />$
<br />89,322
<br />2008 ANIMAL SHELTER -LEASE FINANCE TO RENOVATE OR
<br />$
<br />125,000
<br />PAYING AGENT FEES
<br />$
<br />6,500
<br />$
<br />3,394,756
<br />
|