|
$8,000
<br />a $7,000
<br />17 $6,000
<br />$5,000
<br />$4,000
<br />v
<br />X- $3,000
<br />w
<br />$2,000
<br />v
<br />$1,000
<br />Cr
<br />v
<br />v
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<br />Public Safety - Local Option Income Tax (LOIT)
<br />Fund 249
<br />O Revenue O Expenditures Ending Cash
<br />$3,500
<br />$3,000
<br />C
<br />$2,500
<br />0
<br />$2,000
<br />$1,500
<br />U
<br />$1,000
<br />$500 w
<br />$0
<br />Year
<br />Revenue
<br />Expenditures
<br />Net
<br />Ending Cash
<br />2000 Actual
<br />$ -
<br />$ - $
<br />-
<br />$ -
<br />2001 Actual
<br />-
<br />-
<br />-
<br />-
<br />2002 Actual
<br />-
<br />-
<br />-
<br />-
<br />2003 Actual
<br />-
<br />-
<br />-
<br />-
<br />2004 Actual
<br />-
<br />-
<br />-
<br />-
<br />2005 Actual
<br />-
<br />-
<br />-
<br />-
<br />2006 Actual
<br />-
<br />-
<br />-
<br />-
<br />2007 Actual
<br />-
<br />-
<br />-
<br />-
<br />2008 Actual
<br />-
<br />-
<br />-
<br />-
<br />2009 Actual
<br />-
<br />-
<br />-
<br />-
<br />2010 Actual
<br />6,083,195
<br />4,940,000
<br />1,143,195
<br />1,143,195
<br />2011 Actual
<br />5,510,916
<br />4,976,969
<br />533,947
<br />1,677,142
<br />2012 Actual
<br />6,789,332
<br />5,476,534
<br />1,312,798
<br />2,989,940
<br />2013 Actual
<br />6,582,642
<br />7,540,389
<br />(957,746)
<br />2,032,194
<br />2014 Actual
<br />6,384,450
<br />7,122,665
<br />(738,215)
<br />1,293,979
<br />2015 Budget
<br />6,472,240
<br />7,246,551
<br />(774,311)
<br />519,668
<br />2016 Budget
<br />6,797,160
<br />6,600,626
<br />196,534
<br />716,202
<br />Total
<br />$ 44,619,936
<br />$ 43,903,734 $
<br />716,202
<br />Notes
<br />This fund was established in 2010 due to Indiana's property tax "circuit breaker" system
<br />that effectively limited property tax receipts. The City has adopted a special income tax of
<br />one quarter of one percent (0.25 %) to be used solely for the salaries of public safety
<br />employees that were formerly paid by property taxes.
<br />30
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