Wednesday, July 1, 2015

Fort Thomas Proposed Budget 2015-2016

FTM file. 
On Tuesday, we published our podcast interview with Councilman Adam Meier regarding the proposed budget in Fort Thomas for 2015-2016. You can listen to that interview here. 

For the visual learner, here are some of the figures we discussed on FTMRadio. There are multiple funds or "buckets of money," such as the municipal road aid fund, the Tower Park fund, etc. For ease of understand, we will publish the "General Fund" here. 

Estimated Carry-Over Balance:
$10,135,549

REVENUES
Taxes
$5,142,000

Licenses/Permits

$4,769,000

Fines/Penalties
$64,000

Investment Income
$199,062

State/Federal Reimbursement Revenue
$248,000

Current Services
$566,500

Projected Assessments
$84,861

TOTAL REVENUES
$11,343,243

TOTAL AVAILABLE FUNDS
$21,478,792

EXPENDITURES
General Administration
$1,257,348

Police
$3,225,327

Fire
$2,828,234

Recreation
$626,202

Transfer Funds
$705,348

TOTAL EXPENDITURES
$11,016,783

ESTIMATED SURPLUS
$10,462,009

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