Since a budget is essentially a financial plan, it is sometimes necessary to modify the budget to match actual expenses and revenues. The table below shows the modifications made to the budget for Fiscal Year 2019.
Changes in Building Permits were a function of increased growth in the community above the estimated budget.
Additional surplus revenues were collected in FY 2018 and carried over in Fund 41-Capital Projects Fund.
Additional fund balance revenues in Fund 53-Electric Fund were required for the south side electrical substation. The majority of these funds were a bond received in FY 2018 and carried over to FY 2019.
Water & Sewer Revenues were separated and a new Sewer Fund was created.
Building Inspector expense increases are also related to growth in the community.
The additional surplus revenues from FY 2018 were used to fund the street light project on Main Street and complete the light poles.
Project costs for the south side electrical substation were incurred in FY 2019 instead of FY 2018 as was previously anticipated.
Water & Sewer Expenditures were separated and a new Sewer Fund was created.