FY2023 Adopted Budget

Changes from Proposed to Final Budget Changes to revenues from the proposed to adopted budget are as follows: Property Taxes ; Overall increase of $5,871, with fund breakouts as follows: • General: From $34,043,728 to $33,996,056 – decrease of $47,672 • Tort: from $1,220,699 to $1,218,989 – decrease of $1,710 • Library: from $1,134,791 to $1,133,202 – decrease of $1,589 • Transit: from $3,992,783 to $3,987,192 – decrease of $5,591 • Emergency: from $840,586 to $839,409 – decrease of $1,177 • Empl Benefits: from $14,055,225 to $14,035,545 – decrease of $19,680 • Debt Service: from $10,754,809 to $10,733,062 – decrease of $21,747 • Ag Land: from $4,210 to $4,211 – increase of $1 • SSMID:

o Downtown $421,770 to $426,713 – increase of $4,943 o South District $0 to $100,093 – increase of $100,093 Other City Taxes: Gas & Electric Excise Tax; Overall decrease of $1, with fund breakouts as follows: • Employee Benefits: From $147,203 to $147,202 – decrease of $1 Intergovernmental: Property Tax Credit ; Overall increase of $15,476, with fund breakouts as follows: • General: From $619,092 to $625,641 – increase of $6,549

• Tort: From $22,198 to $22,433 – increase of $235 • Library: from $20,636 to $20,855 – increase of $219 • Transit: From $72,609 to $73,378 – increase of$ 769

• Emergency Levy: From $18,343 to $18,311 – decrease of $12 • Employee Benefits: From $255,597 to $255,418 – decrease of $179 • Debt Service: From $189,577 to $197,452 – increase of $7,895 Transfers In: Overall decrease of $4,822, with fund breakouts as follows: • Transit: From $4,110,999 to $4,106,177 – decrease of $4,822 Changes to expenditures from the proposed to adopted budget are as follows: General Fund : • The Transfer Out to Transit Fund is a decrease of $4,822.

SSMID Fund : • Downtown District expenditures increased from $450,995 to $455,938, an increase of $4,943. • South District expenditures increased from $0 to $100,093, an increase of $100,093.

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