CITY OF OLEAN, NEW YORK

GENERAL FUND BUDGET

HISTORICAL COMPARISON

2006/2007

2007/2008

2007/2008

2008/2009

Actual

Revenues &

Expected Year

Proposed

Revenues &

Expenditures

End Revenues &

Revenues &

Expenditures

Year-to-date¹

Expenditures

Expenditures

REVENUES:

Real property taxes

$ 4,820,419

$ 5,341,348

$ 5,717,000

$ 6,390,786

Special assessment tax - real property

2,624

15,632

15,632

5,500

Real property tax items

189,837

161,329

171,480

192,265

Non-property tax items

4,237,991

2,592,892

4,168,223

4,150,000

Departmental income

1,086,278

878,445

1,094,310

1,131,500

Intergovernmental charges

137,626

55,526

142,775

164,103

Use of money and property

67,412

121,520

145,520

85,000

Licenses and permits

53,643

34,177

45,640

53,750

Fines and forfeitures

110,319

80,297

100,297

110,000

Sales of property and compensation for loss

10,375

4,855

4,855

2,500

State aid

2,382,014

464,350

2,527,054

2,614,930

Other

120,000

-

-

-

TOTAL REVENUES

13,218,538

9,750,371

14,132,786

14,900,334

EXPENDITURES:

General government support

2,009,270

1,619,329

2,225,700

2,689,192

Public safety

5,227,334

3,559,050

4,845,057

5,199,111

Health

83,647

58,734

77,162

79,840

Transportation

1,150,312

856,064

1,212,984

1,511,265

Economic development

15,000

15,000

15,000

15,000

Culture and recreation

981,267

617,271

892,236

1,068,558

Home and community services

102,420

71,860

97,819

137,970

Employee benefits

3,121,206

2,204,681

2,934,975

3,252,367

Debt service:

Principal

22,818

19,192

23,050

23,282

Interest

40,148

1,503

1,784

1,553

TOTAL EXPENDITURES

12,753,422

9,022,684

12,325,767

13,978,138

EXCESS OF REVENUE OVER EXPENDITURES

465,116

727,687

1,807,019

922,196

OTHER FINANCING USES

BANS Redeemed from appropriations

(85,000)

(133,665)

(133,665)

(142,021)

Operating transfers out

(520,649)

(667,233)

(679,456)

(780,175)

TOTAL OTHER FINANCING USES

(605,649)

(800,898)

(813,121)

(922,196)

APPROPRIATED FUND BALANCE

$ (140,533)

$ (73,211)

$ 993,898

$ -