CITY OF OLEAN, NEW YORK

GENERAL FUND BUDGET

FOR THE 2006-2007 AND 2007-2008 BUDGET YEARS

Increase /

2006-2007

2007-2008

(Decrease)

REVENUES:

Real property taxes

$ 4,820,419

$ 5,727,882

$ 907,463

Special assessment tax - real property

13,179

6,750

(6,429)

Real property tax items

168,747

170,000

1,253

Non-property tax items

4,161,400

4,016,000

(145,400)

Departmental income

1,138,700

1,093,600

(45,100)

Intergovernmental charges

217,408

189,358

(28,050)

Use of money and property

50,500

61,000

10,500

Licenses and permits

67,100

48,750

(18,350)

Fines and forfeitures

172,700

100,000

(72,700)

Sales of property and compensation for loss

19,000

6,500

(12,500)

State aid

2,509,623

2,514,993

5,370

Interfund Transfers

75,000

-

(75,000)

TOTAL REVENUES

13,413,776

13,934,833

521,057

EXPENDITURES:

General government support

2,217,827

2,408,955

191,128

Public safety

5,055,968

5,011,139

(44,829)

Health

94,535

102,380

7,845

Transportation

1,109,030

1,224,984

115,954

Economic development

15,000

15,000

-

Culture and recreation

1,087,174

948,766

(138,408)

Home and community services

125,397

97,819

(27,578)

Employee benefits

3,045,296

3,269,975

224,679

Debt service:

Principal

22,821

23,050

229

Interest

2,013

153,309

151,296

TOTAL EXPENDITURES

12,775,061

13,255,377

480,316

EXCESS OF REVENUE OVER EXPENDITURES

638,715

679,456

40,741

OTHER FINANCING USES

Operating transfers out

(638,715)

(679,456)

(40,741)

TOTAL OTHER FINANCING USES

(638,715)

(679,456)

(40,741)

APPROPRIATED FUND BALANCE

-

-

-