CITY OF OLEAN, NEW YORK

GENERAL FUND BUDGET

FOR THE 2004-2005 AND 2005-2006 BUDGET YEARS

Increase /

2004-2005

2005-2006

(Decrease)

REVENUES:

Real property taxes

$ 4,145,018

$ 4,337,019

$ 192,001

Special assessment tax - real property

-

7,200

7,200

Real property tax items

195,000

194,000

(1,000)

Non-property tax items

4,470,000

4,385,000

(85,000)

Departmental income

1,014,500

1,116,000

101,500

Intergovernmental charges

350,652

510,333

159,681

Use of money and property

63,000

42,500

(20,500)

Licenses and permits

81,500

72,500

(9,000)

Fines and forfeitures

170,000

187,000

17,000

Sales of property and compensation for loss

63,500

41,500

(22,000)

State aid

1,872,373

2,079,537

207,164

Federal aid

65,000

-

(65,000)

TOTAL REVENUES

12,490,543

12,972,589

482,046

EXPENDITURES:

General government support

2,387,044

2,167,768

(219,276)

Public safety

5,132,567

5,146,727

14,160

Health

72,472

90,303

17,831

Transportation

1,264,973

1,211,491

(53,482)

Economic development

26,250

15,000

(11,250)

Culture and recreation

1,107,864

1,105,097

(2,767)

Home and community services

106,060

93,235

(12,825)

Employee benefits

2,364,320

2,714,772

350,452

Debt service:

Principal

22,369

22,594

225

Interest

2,465

2,240

(225)

TOTAL EXPENDITURES

12,486,384

12,569,228

82,844

EXCESS OF REVENUE OVER EXPENDITURES

4,159

403,361

399,202

OTHER FINANCING USES

Operating transfers out

(854,159)

(403,361)

450,798

TOTAL OTHER FINANCING USES

(854,159)

(403,361)

450,798

APPROPRIATED FUND BALANCE

(850,000)

0

850,000