Proposed Budget for FY 22/23

FY 22/23 BUDGET SUMMARY





General Fund:

Revenues



5.3 Mills

Ad Valorem

 $         5,764,807

69.89%


Sales & Use Taxes

 $            400,734

4.86%


Charges for Services

 $            311,461

3.78%


Intergovernmental Revenue

 $            106,168

1.29%


Fines & Forfeitures

 $              25,500

0.31%


Licenses, Permits, & Fees

 $            816,673

9.90%


Interest Earnings

 $              26,509

0.32%


Misc: Grants & Reimbursements

 $            205,734

2.49%


Reserves

 $            483,239

5.86%


Transfers In

 $            106,995

1.30%


Total Revenue

 $         8,247,820 

100.00%






Expenditures




Legislative (includes $92,000 transfer out)

 $            310,464

3.76%


Administration (includes $39,583 transfer out)

 $            845,953

10.26%


Legal

 $            240,000

2.91%


Planning & Zoning

 $            372,488

4.52%


Information Technology

 $            704,949

8.55%


Police

 $         1,739,923

21.10%


Fire (includes $100,000 transfer to capital reserve)

 $         2,006,690

24.33%


Building & Code

 $            937,832

11.37%


Public Works (includes $25,000 transfer to capital reserve)

 $            668,375

8.10%


Parks & Recreation

 $            421,146

5.11%


Total Expenditures

 $         8,247,820 

100.00%





Special Funds:





Old Gas Tax

 $              85,000



New Gas Tax

 $              47,685



Donations

 $                1,200



Tree Bank

 $                4,000



Sidewalk

 $                7,500



Parks & Recreation

 $                5,395



Community Center

 $              27,110



Historical Museum

 $              81,969



Police Education

 $                4,000



Stormwater Improvements Loan Repayment

 $            156,586



Town Hall Loan Repayment

 $            328,360



Land Acquisition Fund

 $            525,676



Capital Fire Equipment

 $            201,643



Capital Facility Maintenance

 $              25,000



Ponce de Leon Sewer Project

 $            122,747



Relief Funds

 $         1,125,706



South Peninsula Drive Sidewalk Project

 $            818,574



Water Operating & Maintenance

 $         1,603,022



Refuse

 $            438,192



Sewer

 $         1,085,950



Water Expansion

 $              39,522



Water System Improvements Loan Repayment

 $              62,000



Total Special Funds

 $         6,796,837