Fiscal Year Ending September 30, 2018 PROPOSED Annual Budget
REFER TO THE ADOPTED ANNUAL BUDGET FOR FINAL CHANGES APPROVED BY THE CITY COMMISSION.
The City's annual budget is comprised of a number of funds that account for different activities and services provided by the City. A fund is a separate, self-balancing set of accounts used to account for resources that are segregated for specific purposes, in accordance with special regulations, restrictions and limitations.
The largest of the funds is the General Fund. This fund provides $39.18 million towards the majority of services available to city residents such as public safety, recreation, public works (including parks) and administrative services.
The next largest fund, Water & Sewer Enterprise Fund ($11.48 million), derives its revenue from providing water, sewer and storm water services to our citizens.
Following the Water & Sewer Fund is the Road & Bridge Fund which totals $1.4 million and then the Building Inspection Services Fund ($956,329). The Road & Bridge Fund provides for maintenance of streets, sidewalks, rights-of-way and all transportation related expenditures. The Building Inspection Services Fund provides structural, electrical and plumbing permits, as well as inspection services for our citizens.
The Water & Sewer Capital Improvements Fund accounts for $4.4 million of the total Water & Sewer Enterprise Fund, while the Water & Sewer Renewal & Replacement Fund accounts for $350,000 and Stormwater for $759,198.
$376,000 is budgeted in the Debt Service Fund. This fund provides for annual payment of outstanding city debt, such as bonds and loans.
Also included are a number of funds which account for revenues derived from specific sources which are restricted by law or policy to finance specific activities, as follows:
|Capital Projects || $4,835,748|
|Police Confiscation (Confiscated Property Fund)||30,000|
|Parking Lot (Recreational Vehicle Storage)||118,300|
More details may be found in the document linked below.
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