FY25 Proposed Budget

Employee Benefits (2400) Fund Summary

2022

2023

2024

2024

2025

2026

Actual

Actual

Budget

Revised

Budget

Projected

Fund Balance, July 1

$ 3,630,989 4,130,695 $ $ 4,111,635 4,287,577 $ $ 3,905,520 $ 3,870,295

Revenues:

Property Taxes

$ 14,049,352 14,081,670 $ $ 13,982,255 13,982,255 $ $ 14,503,900 $ 14,939,017

Other City Taxes Gas/Electric Excise Tax

146,049 12,119

167,663 11,332

145,477 12,119

145,477 12,119

140,400 11,300

140,400 11,300

Mobile Home Tax

Intergovernmental

Property Tax Credits State 28E Agreements

313,320 371,160

257,665 338,633

336,315 338,633

336,315 338,633

296,100 384,200

232,224 384,200

Sub-Total Revenues

14,891,999 14,856,963

14,814,799 14,814,799

15,335,900

15,707,141

Transfers In:

Transfers In-Govt Activities

- -

- -

- -

1,274 1,274

- -

- -

Sub-Total Transfers In

Total Revenues & Transfers In

$ 14,891,999 14,856,963 $ $ 14,814,799 14,816,073 $ $ 15,335,900 $ 15,707,141

Expenditures:

General Government Employee Benefits

$

327,076 $

497,136 $

119,996 $

121,270 $

478,925 $

489,139 668,000

Public Safety Employee Benefits

975,200

712,331 1,218,858

1,218,858

668,000

Sub-Total Expenditures

1,302,276 1,209,467

1,338,854 1,340,128

1,146,925

1,157,139

Transfers Out:

Employee Benefits Levy Sub-Total Transfers Out

13,090,017 13,490,614 13,090,017 13,490,614

13,858,002 13,858,002 13,858,002 13,858,002

14,224,200 14,224,200

14,650,926 14,650,926

Total Expenditures & Transfers Out

$ 14,392,293 14,700,081 $ $ 15,196,856 15,198,130 $ $ 15,371,125 $ 15,808,065 $ 4,130,695 4,287,577 $ $ 3,729,578 3,905,520 $ $ 3,870,295 $ 3,769,371

Fund Balance, June 30

Restricted / Committed /Assigned

-

-

-

-

Unassigned Balance

$ 4,130,695 4,287,577 $ $ 3,729,578 3,905,520 $ $ 3,870,295 $ 3,769,371

% of Revenues

28%

29%

25%

26%

25%

24%

392