Sunday, November 30, 2008

Forks Township 2009 Budget Comparison

I decided to take a closer look at the 2009 Forks Township proposed budget. Additionally, I compared the 2008 budget to the 2009 plan. This analysis is assuming the township will meet it's 08 revenue and will beat it's 08 expense plan.  Please remember this analysis is based upon publicly available information, so we may be a little bit off in our analysis.

However, it may not be possible for the township to meet its revenue plan. At the end of October 2008,  the Township was at 83.60% of the 08 Revenue project. Right now, the Township may under run it's 08 revenue by $212,000.

Additionally, the Township was at 76.40% of its expense plan. Based upon the current run rate, the township may meet its expense plan.

We will know more about the 2008 plan when the Township posts the November 2008 actual's.

 

Revenues

2008

2009

% Change

REAL ESTATE / PROPERTY TAX

2,417,773

2,660,321

10.03%

TRANSFER TAX

500,000

300,000

-40.00%

EIT TAX

2,039,862

2,120,000

3.93%

MERCANTILE TAX

400,000

380,000

-5.00%

EMERGENCY / MUNICIPAL TAX

330,000

315,000

-4.55%

LICENSES / PERMITS / FINES

222,366

251,500

13.10%

INTEREST EARNINGS

90,000

55,000

-38.89%

LEASE INCOME

12,815

12,815

0.00%

INTERGOVERNMENTAL REVENUE

57,000

61,000

7.02%

STATE CAPITAL & OPERATING GRANTS

65,903

225,706

242.48%

STATE SHARED REVENUE / ENTITLEMENTS

9,000

9,000

0.00%

CHARGES FOR SERVICES

22,300

18,100

-18.83%

PUBLIC SAFETY

289,470

240,400

-16.95%

SANITATION / SNOW REMOVAL

10,000

10,000

0.00%

CULTURE & RECREATION

246,000

279,700

13.70%

SEWER SYSTEM

24,500

14,540

-40.65%

MISCELLANEOUS REVENUE

25,500

22,000

-13.73%

CONTRIBUTIONS & DONATIONS

320,803

350,901

9.38%

PROCEEDS OF ASSET DISPOSAL

30,000

40,000

33.33%

Revenue Sub Total

              7,113,292

          7,365,983

3.55%

Expenses

2008

2009

% Change

GENERAL GOVERNMENT

60,555

54,855

-9.41%

EXECUTIVE GOVERNMENT

96,129

100,003

4.03%

FINANCIAL AUDIT SERVICES

15,000

15,000

0.00%

TAX COLLECTION

97,940

100,550

2.66%

LEGAL SERVICES

150,000

140,000

-6.67%

CLERK / SECRETARY

487,615

491,012

0.70%

ENGINEERING SERVICES

103,000

91,500

-11.17%

GENERAL GOVERNMENT BUILDINGS

109,368

88,655

-18.94%

POLICE DEPARTMENT

2,458,096

2,606,651

6.04%

FIRE DEPARTMENT

395,779

546,601

38.11%

CONTRIBUTIONS

6,500

2,600

-60.00%

ZONING / CODE ENFORCEMENT

299,911

310,866

3.65%

WASTEWATER COLLECTION

117,103

182,631

55.96%

HIGHWAY MAINT./ PUBLIC WORKS

1,046,867

985,745

-5.84%

CULTURE & RECREATION

292,083

279,695

-4.24%

PARTICIPANT RECREATION

140,000

131,000

-6.43%

PARKS

338,589

356,691

5.35%

DEBT PRINCIPAL

548,197

559,251

2.02%

DEBT INTEREST

303,110

288,360

-4.87%

MISCELLANEOUS EXPENSE

40,560

42,060

3.70%

INSURANCE

134,720

118,800

-11.82%

          TOTAL EXPENSES

7,241,122

7,492,526

3.47%

REVENUE LESS EXPENSES

              (127,830)

            (126,543)

-1.01%

 

I will update our analysis next month, so stay tuned!

 

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