FY25 Proposed Budget

8. Other Financing Sources – Other financing sources include a limited number of special transactions that are used to account for non-operating revenues/receipts such as the proceeds from a loan or the sale of an asset. Other Financing Sources are budgeted at $540,600 in fiscal year 2025, which is a decrease of 50.1% from the fiscal year 2024 revised budget of $1.1 million. There is an average decrease of 9.0% over the last five years. Both of these decreases are due to sales of homes within the UniverCity and South District home programs. 9. Transfers In - The category is budgeted at $13.8 million in fiscal year 2025. This includes an approximate $13.5 million transfer-in of the Employee Benefits Levy from the Employee Benefits Fund. This category also includes General Fund intra-fund transfers to equipment replacement reserves and transfers in from other funds to support specific staff positions and expenditures.

B. General Fund Expenditures

Expenditures & Transfers Out

2022 Actual

2023 Actual

2024 Revised

2025 Budget

2026 Projected

Personnel

$ 44,708,975 47,046,833 $

$ 51,303,658

$ 53,009,800

$ 54,600,094

Services

11,551,445 12,114,439

14,513,112

12,901,130

13,158,042

Supplies

1,698,539 1,773,730

2,156,345

2,223,069

2,266,518

Capital Outlay

2,874,676 2,259,003

6,925,309

1,598,700

1,612,000

Contingency

-

-

1,072,000

1,400,200

1,716,200

Sub-total Expenditures:

60,833,635 63,194,005

75,970,424

71,132,899

73,352,854

Transfers Out

12,229,481 13,185,144

9,500,880

16,932,800

8,763,100

Total Expenditures & Transfers Out

$ 73,063,116 76,379,149 $

$ 85,471,304

$ 88,065,699

$ 82,115,954

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