FY24 Adopted Budget

Changes from Proposed to Final Budget Changes to revenues from the proposed to adopted budget are as follows: Property Taxes; Overall decrease of $1,703,043, with fund breakouts as follows: o General: From $41,284,798 to $34,188,090 – decrease of $1,097,958 o Transit: from $4,012,523 to $4,009,714 – decrease of $108,534 o Emergency: from $859,071 to $836,222 – decrease of $22,849

o Employee Benefits: from $14,364,312 to $13,982,255 – decrease of $382,057 o Debt Service: from $10,980,799 to $10,695,221 – decrease of $285,578 o SSMID: From $548,725 to $634,124 – increase of $85,399

Changes to expenditures from the proposed to adopted budget are as follows: General Fund: o The Transfer Out to the Transit Fund is a decrease of $108,534

o Addition of 2.5 FTEs (1 FTE Grants Manager, 1FTE Human Rights Engagement Specialist & .5 FTE Outreach & Engagement Specialist), an increase of $273,096. SSMID Fund: o Expenditures increased from $548,725 to $634,124, an increase of $85,399. Transit Fund:

o The Transfer In from the General Fund is a decrease of $108,534. o Addition of 2.25 Mass Transit Operator FTEs, an increase of $189,639.

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