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CUMULATIVE CAPITAL DEVELOPMENT
<br />SUMMARY OF FUNDING SOURCES AND EXPENDITURES
<br />2008 BUDGET
<br />% Change
<br />FY 06 FY07 FY07 FY08 07 Adopted
<br />Actual Budget As of 6/30/07 Estimate 08 Estimate
<br />Expenditure by Cost Center
<br />0
<br />0
<br />0
<br />0
<br />(all funds combined)
<br />0
<br />0
<br />0
<br />0
<br />Debt
<br />1,069,581
<br />550,692
<br />392,646
<br />1,560,196
<br />Controller /Information Technology
<br />90,964
<br />237,290
<br />90,729
<br />364,714
<br />Central Services
<br />0
<br />0
<br />0
<br />0
<br />Building Maintenance
<br />0
<br />0
<br />0
<br />0
<br />Street Department
<br />0
<br />0
<br />8,288
<br />0
<br />Police Department
<br />0
<br />0
<br />0
<br />150,000
<br />Total Expenditures by cost center
<br />1,099,681
<br />787,982
<br />400,934
<br />1,710,186'
<br />Expenditure by Classification
<br />(all funds combined)
<br />Salaries
<br />0
<br />0
<br />0
<br />0
<br />Fringe Benefits
<br />0
<br />0
<br />0
<br />0
<br />Supplies
<br />0
<br />0
<br />0
<br />5,000
<br />Contractual Services (computer maintenance)
<br />90,964
<br />237,290
<br />90,729
<br />364,714
<br />Contractual Services (Capital Lease Payments) (1)
<br />350,744
<br />550,692
<br />175,372
<br />957,882
<br />Internal Services
<br />0
<br />0
<br />0
<br />0
<br />Capital
<br />627,873
<br />0
<br />134,833
<br />382,600
<br />Total Expenditures by classification
<br />1,099,681
<br />787,982
<br />400,934
<br />1,710,196
<br />FTE's
<br />0.00
<br />0.00
<br />0.00
<br />0.00
<br />183%
<br />117%
<br />0%
<br />0%
<br />54%
<br />74%
<br />0%
<br />117%
<br />Funding Sources
<br />Fund 406 Cumulative Capital Development Fund
<br />Property Taxes
<br />1,054,963
<br />1,086,492
<br />0
<br />1,162,456
<br />7%
<br />Other Taxes
<br />75,815
<br />76,666
<br />0
<br />77,093
<br />1 %
<br />Interest Earnings
<br />70,351
<br />60,000
<br />32,316
<br />50,000
<br />-17%
<br />Charges for Service (Computer Maintenance)
<br />0
<br />0
<br />0
<br />107,326
<br />100%
<br />Total Designated Funding Sources
<br />1,201,129
<br />1,223,168
<br />32,316
<br />15396,876
<br />14%
<br />Funding Sources over /(under) expenditures 131,548 435,176 (368,618) (313,321)
<br />1/1/07 Cash
<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 Reserve adjustment
<br />12/31/08 projected
<br />$ 2,171,463
<br />$ 1,223,158
<br />$ (2,401,702)
<br />$ (360,255) 15% of projected expenditures
<br />$ 632,664
<br />$ 1,396,875
<br />$ (1,710,196)
<br />$ 103,726
<br />$ 423,069
<br />(1) Equipment Leases - schedule available in budget book
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