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 2024.
Revenues
- Revenues for sales, transient room taxes, building permits, interest earnings, and golf green fees were increased to match actual income. Contributions to The Hive were increased to cover expenses.
- Fund balance funds are increased to cover costs of some government programming and to ensure fund balance amount is in compliance with state law.
- Natural Gas & Solid Waste fund balance and revenues were increased to fund projects and to match actual revenues received, respectively.
- Revenues were added for the Local Building Authority and Community Reinvestment Area Funds.
- Project revenues were added to the Capital Projects Fund.
Expenses
- General Government services costs were increased in the Golf & Recreation departments and other departments due to higher demand for services. Expenses were added to the category of Developer Bond Interest, Economic Development, and payments to the Community Reinvestment Fund.
- Natural Gas costs were higher due to new growth, increased gas costs, and project expenses.
- Solid Waste costs were higher mainly due to the purchase of a new garbage collection truck.
- Expenses were added for the Local Building Authority and Community Reinvestment Area Funds
- Project Expenses for the Golf Course and Police grants were higher. The Golf Course maintenance building expenses were higher than the budget. Grant expenses for Police will be reimbursed in future periods.