Millage and Budget for Fiscal Year 2020-2021
For the fiscal year starting on October 1, 2020 and ending September 30, 2021, the Town Council adopted a final millage rate of 1.9 at the September 28, 2020 budget hearing. The Town Council amended the final budget by motion on November 3, 2021. Provided below, broken into two separate tables by revenues and expenditures, are the figures for the final budget as adopted in September 2010 and the amended budget as adopted in November 2021 for fiscal year 2019-2020 . Ad Valorem Taxes are based on 95% of gross taxable values.
| Estimated Revenues | General Fund - Final Budget | General Fund - Final Budget Amendment |
|---|---|---|
| Ad Valorem Taxes | $813,707.00 | $813,707.00 |
| Intergovernmental | $114,988.00 | $114,988.00 |
| Licenses and Permits | $68,130.00 | $68,130.00 |
| Interest Earnings | $540.00 | $540.00 |
| Other Revenues | $2,138.00 | $2,138.00 |
| Total Sources | $999,503.00 | $999,503.00 |
| Fund Balances/Reserves/Net Assets | $150,335.00 | $150,335.00 |
| Total Revenues | $1,149,838.00 | $1,149,838.00 |
| Expenditures | General Fund - Final Budget | General Fund - Final Budget Amendment |
|---|---|---|
| General Government | $522,473.00 | $542,473.00 |
| Public Works | $85,700.00 | $85,700.00 |
| Cultural and Recreational* | $443,000.00 | $423,000.00 |
| Principal | $87,500.00 | $87,500.00 |
| Interest | $1,365.00 | $1,365.00 |
| Capital Outlay | $9,800.00 | $9,800.00 |
| Total Expenditures | $1,149,838.00 | $1,149,838.00 |
| Fund Balances/Reserves/Net Assets | ||
| Total Appropriated Expenditures, Transfers, Reserves & Balances | $1,149,838.00 | $1,149,838.00 |
*Cultural and Recreational expenses regard dune protection measures, including beach signage and dune repairs.
