CITY OF OLEAN, NEW YORK

GENERAL FUND BUDGET

FOR THE 2001-2002 AND 2002-2003 BUDGET YEARS

Increase /

2001-2002

2002-2003

(Decrease)

REVENUES:

Real property taxes

$ 3,978,707

$ 4,037,680

$ 58,973

Special assessment tax - real property

33,000

33,000

-

Real property tax items

192,000

207,000

15,000

Non-property tax items

4,005,000

4,350,000

345,000

Departmental income

835,500

809,500

(26,000)

Intergovernmental charges

186,152

197,152

11,000

Use of money and property

171,750

172,550

800

Licenses and permits

91,000

81,250

(9,750)

Fines and forfeitures

80,000

120,000

40,000

Sales of property and compensation for loss

31,500

38,000

6,500

State aid

1,678,673

1,853,873

175,200

Federal aid

110,000

85,000

(25,000)

TOTAL REVENUES

11,393,282

11,985,005

591,723

EXPENDITURES:

General government support

2,279,072

2,298,505

19,434

Public safety

4,804,000

4,955,342

151,342

Health

50,381

49,437

(944)

Transportation

1,194,408

1,184,172

(10,236)

Economic development

26,250

26,250

-

Culture and recreation

876,372

981,326

104,954

Home and community services

139,163

82,900

(56,263)

Employee benefits

1,875,761

2,034,553

158,792

Debt service:

Principal

21,708

21,926

218

Interest

3,126

2,908

(218)

TOTAL EXPENDITURES

11,270,240

11,637,319

367,079

EXCESS OF REVENUE OVER EXPENDITURES

123,042

347,686

224,644

OTHER FINANCING USES

Operating transfers out

(1,210,042)

(847,686)

362,356

TOTAL OTHER FINANCING USES

(1,210,042)

(847,686)

362,356

APPROPRIATED FUND BALANCE

(1,087,000)

(500,000)

587,000