Millage and Budget for Fiscal Year 2019-2020
For the fiscal year starting on October 1, 2019 and ending September 30, 2020, the Town Council adopted a final millage rate of 1.6 at the September 16 Final Budget Hearing.
The Town Council amended the final budget by motion on November 19, 2020. Provided below, broken into two separate tables by revenues and expenditures, are the figures for the final budget as adopted in September 2019 and the amended budget as adopted in November 2020 for fiscal year 2019-2020 .
| Estimated Revenues | General Fund - Final Budget | General Fund - Budget Amendment |
|---|---|---|
| Ad Valorem Taxes | $679,166.00 | $679,116.00 |
| Intergovernmental | $135,010.56 | $135,010.56 |
| Licenses and Permits | $75,700.00 | $75,700.00 |
| Interest Earnings | $9,000.00 | $9,000.00 |
| Other Revenue | $2,375.00 | $2,375.00 |
| Funds from Reserves | $175,633.44 | $195,633.44 |
| Total Revenues | $1,076,835.00 | $1,096,835.00 |
| Expenditures | General Fund - Final Budget | General Fund - Budget Amendment |
|---|---|---|
| General Government | $515,105.00 | $515,105.00 |
| Public Works | $85,700.00 | $85,700.00 |
| Cultural and Recreational | $376,000.00 | $396,000.00 |
| Principal | $87,500.00 | $87,500.00 |
| Interest | $2,730.00 | $2,730.00 |
| Capital Outlay | $9,800.00 | $9,800.00 |
| Total Expenditures | $1,076,835.00 | $1,096,835.00 |
