The amended budget for fiscal year July 1 2014 - June 30 2015 was voted on at the last council meeting and passed unanimously. Each June, the finance committee meets with city staff and after getting requests from each department and committee, will allocate funds for the next fiscal year. This year's finance committee is comprised of John Muller, Lisa Kelly and Roger Peterman.
The following June when a new budget is being drawn, the previous year's budget is amended to reflect the actual revenues, expenditures and surpluses available.
The amended budget was first read on June 1, 2015 and was voted on and adopted on June 15, 2015.
The proposed totals have a strikethrough and the actual totals are listed next to those.
Estimated Carry-Over Balances:
General fund: $10,171,611
Road aid fund: $1,747,501
Central business district (debt) fund: ($776,305)
TOTAL REVENUES (taxes, fees, investment income, etc).
General fund:
Road aid fund: $598,500
CBD fund: $793,950
TOTAL AVAILABLE FUNDS
General fund:
Road aid fund: $2,346,001
CBD fund: $17,645
TOTAL EXPENDITURES
General fund:
Road aid fund:
CBD fund:
ESTIMATED SURPLUS
General fund
Road aid fund:
CBD fund:
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FTM will examine the proposed budget for July 1 2015 - June 30 2016 in its next part of the Transparency FTM City Budget series.
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