City Of Water Valley Adopted Budget

City of Water Valley
Adopted 2008-2009 Budget
Tax Millage Rate Remains
the same at 37.00 mills


GENERAL FUND REVENUES        BUDGET AMOUNTS
LICENSE AND PERMITS                $10,000
FEDERAL PAYMENTS IN LIEU OF TAX        $15,630
STATE SHARED REVENUE            $485,000
GRANTS FROM LOCAL REVENUE        $34,000
CHARGE FOR SERVICE                $302,500
FRANCHISE                    $55,000
FINES AND FORFEITURES            $80,000
OTHER REVENUES                $667,907

TOTAL FROM ALL SOURCES OTHER THAN
TAXATION                    $1,650,037
BALANCE AT BEGINNING OF YEAR   
                        $302,858

TOTAL REVENUES FROM SOURCES OTHER THAN
TAXATION                    $1,952,895

AMOUNT NECESSARY TO BE
RAISED BY TAX LEVY                $520,847

TOTAL AVAILABLE CASH AND ANTICIPATED
REVENUE FROM ALL SOURCES            $2,473,742

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GENERAL FUND EXPENDITURES

ADMINISTRATION                $385,652
PUBLIC SAFETY                    $1,108,486
PUBLIC WORKS, STREET            $518,163
HEALTH AND SANITATION            $295,297
PARKS AND RECREATION            $163,761

TOTAL GENERAL  FUND EXPENDITURES        $2,471,359

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BALANCE AT END OF YEAR            $276,399

TOTAL GENERAL FUND EXPENDITURES
AND YEAR END BALANCE            $2,473,742

LIBRARY REVENUE

TRANSFER FROM OTHER FUNDS        $10,000
REIMBURSEMENT BY LIBRARY            $10,000
INTEREST                    $500
TAX COLLECTIONS                $41,910
BALANCE AT BEGINNING OF YEAR        $7,272

TOTAL REVENUE ALL SOURCES                           $69,440

LIBRARY EXPENDITURES

PERSONNEL SERVICES                                       $69,440

SPECIAL FUND

REVENUE FROM ALL SOURCES            $632,684

TOTAL EXPENDITURES AND YEAR
END BALANCE                    $632,684

SPORTS COMPLEX

SPORTS COMPLEX
REVENUE FROM ALL SOURCES            $62,134

TOTAL EXPENDITURES AND YEAR
END BALANCE                    $62,134

ENTERPRISE FUND
WATER AND SEWER REVENUE

INTEREST                    $1,772
CHARGES FOR CURRENT SERVICE                   $1,044,000
BALANCE AT BEGINNING OF YEAR                        $5,000

TOTAL ALL SOURCES                  $1,050,772                                                 

EXPENDITURES

TRANSFERS TO OTHER FUNDS            $982,720
BALANCE AT END OF YEAR                                    $68,052

TOTAL EXPENDITURES AND YEAR
END BALANCE                        $1,050,772

WATER AND SEWER
OPERATION AND MAINTENANCE REVENUES

TRANSFERS FROM REVENUE FUND        $753,000
BALANCE AT BEGINNING OF YEAR        $13,382
TOTAL FROM ALL SOURCES            $766,382

EXPENDITURES

TOTAL EXPENDITURES                $766,382
BALANCE AT END OF YEAR            -0-

TOTAL EXPENDITURES AND YEAR
END BALANCE                    $766,382

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