CITY OF OLEAN, NEW YORK

GENERAL FUND BUDGET

FOR THE 2005-2006 AND 2006-2007 BUDGET YEARS

Increase /

2005-2006

2006-2007

(Decrease)

REVENUES:

Real property taxes

$ 4,337,019

$ 4,820,419

$ 483,400

Special assessment tax - real property

7,200

13,179

5,979

Real property tax items

194,000

168,747

(25,253)

Non-property tax items

4,385,000

4,161,400

(223,600)

Departmental income

1,116,000

1,138,700

22,700

Intergovernmental charges

510,333

217,408

(292,925)

Use of money and property

42,500

50,500

8,000

Licenses and permits

72,500

67,100

(5,400)

Fines and forfeitures

187,000

172,700

(14,300)

Sales of property and compensation for loss

41,500

19,000

(22,500)

State aid

2,079,537

2,509,623

430,086

Interfund Transfers

-

75,000

75,000

TOTAL REVENUES

12,972,589

13,413,776

441,187

EXPENDITURES:

General government support

2,167,769

2,217,827

50,058

Public safety

5,146,727

5,055,967

(90,760)

Health

90,303

94,535

4,232

Transportation

1,211,491

1,124,031

(87,460)

Economic development

15,000

15,000

-

Culture and recreation

1,105,097

1,087,174

(17,923)

Home and community services

93,235

125,397

32,162

Employee benefits

2,714,772

3,045,295

330,523

Debt service:

-

Principal

22,594

22,821

227

Interest

2,240

2,013

(227)

TOTAL EXPENDITURES

12,569,228

12,790,061

220,833

EXCESS OF REVENUE OVER EXPENDITURES

403,361

623,715

220,354

OTHER FINANCING USES

Operating transfers out

(403,361)

(638,715)

(235,354)

TOTAL OTHER FINANCING USES

(403,361)

(638,715)

(235,354)

APPROPRIATED FUND BALANCE

-

(15,000)

(15,000)