General Fund Budget Statement

CITY OF OLEAN, NEW YORK
GENERAL FUND BUDGET
FOR THE 2008-2009 AND 2009-2010 BUDGET YEARS
Increase /
2008-2009 2009-2010 (Decrease)
REVENUES:
Real property taxes  $6,390,786  $6,621,354  $230,568
Special assessment tax - real property   5,500   2,187 (3,313)
Real property tax items 192,265   187,655 (4,610)
Non-property tax items   4,150,000 4,265,000 115,000
Departmental income   1,131,500 1,246,000 114,500
Intergovernmental charges 164,103   163,603   (500)
Use of money and property   85,000   76,550 (8,450)
Licenses and permits   53,750   52,750 (1,000)
Fines and forfeitures 110,000   110,000 -
Sales of property and compensation for loss   2,500   6,000   3,500
State aid   2,614,930 2,801,013 186,083
Interfund Transfers - - -
TOTAL REVENUES   14,900,334   15,532,112 631,778
EXPENDITURES:
General government support   2,689,192 2,837,997 148,805
Public safety   5,199,111 5,400,529 201,418
Health   79,840   87,500   7,660
Transportation   1,511,265 1,718,061 206,796
Economic development   15,000   15,000 -
Culture and recreation   1,068,558 1,110,897 42,339
Home and community services 137,970   160,140 22,170
Employee benefits   3,252,367 3,306,338 53,971
Debt service:
Principal   23,282   23,516 234
Interest 282,797   276,144 (6,653)
TOTAL EXPENDITURES   14,259,382   14,936,122 676,740
EXCESS OF REVENUE OVER EXPENDITURES 640,952   595,990   (44,962)
OTHER FINANCING USES
Operating transfers out   (640,952) (595,990) 44,962
TOTAL OTHER FINANCING USES   (640,952) (595,990) 44,962
APPROPRIATED FUND BALANCE - - -