FY24 Adopted Budget

Employee Benefits (2400) Fund Summary

2020

2021

2022

2023

2024

2025

Actual

Actual

Actual

Revised

Budget

Projected

Fund Balance, July 1

$ 3,954,489 3,584,853 $ $ 3,630,989 4,130,695 $ $ 4,111,635 $ 3,729,578

Revenues:

Property Taxes

$ 12,025,846 14,011,849 $ $ 14,049,352 14,035,545 $ $ 13,982,255 $ 14,401,723

Other City Taxes Gas/Electric Excise Tax

138,734 10,500

136,530 13,357

146,049 12,119

147,202 13,360

145,477 12,119

145,477 12,119

Mobile Home Tax

Intergovernmental

Property Tax Credits State 28E Agreements

302,438 321,229

321,208 316,527

313,320 371,160

255,418 371,160

336,315 338,633

272,459 338,633

Total Revenues Expenditures:

$ 12,798,747 14,799,472 $ $ 14,891,999 14,822,685 $ $ 14,814,799 $ 15,170,411

General Government Employee Benefits

$

380,748 $

417,434 $

327,076 $

430,794 $

430,765 $

439,987 926,251

Public Safety Employee Benefits

1,000,154 1,372,898 1,380,902 1,790,332

975,200

963,973

908,089

Sub-Total Expenditures

1,302,276 1,394,767

1,338,854

1,366,238

Transfers Out:

Employee Benefits Levy Sub-Total Transfers Out

11,787,481 12,963,004 11,787,481 12,963,004

13,090,017 13,446,978 13,090,017 13,446,978

13,858,002 13,858,002

14,273,742 14,273,742

Total Expenditures & Transfers Out

$ 13,168,383 14,753,336 $ $ 14,392,293 14,841,745 $ $ 15,196,856 $ 15,639,980 $ 3,584,853 3,630,989 $ $ 4,130,695 4,111,635 $ $ 3,729,578 $ 3,260,010

Fund Balance, June 30

Restricted / Committed /Assigned

-

-

-

-

-

-

Unassigned Balance

$ 3,584,853 3,630,989 $ $ 4,130,695 4,111,635 $ $ 3,729,578 $ 3,260,010

% of Revenues

28%

25%

28%

28%

25%

21%

398