Proposed FY 2014 - 2015 Budget - Laserfiche WebLink

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image of Budget Summary - Expenditures by Function CITY-WIDE PROPOSED BUDGET SUMMARY— EXPENDITURES BY FUNCTION - $44.2 Million Captial Improvements 27% Public Utility 24% Public Safety 24% General Government 11% Interfund Transfers Out 9% Physical Environment 6% Transportation 5% Culture/Recreation 3% Debt Service 3% Economic Public Safety 3% Environment General <1% Public Safety $10,552,685 Debt Service $ 1,072,408 Public Utility $10,626,957 Physical Environment $2,661,659 Interfund Transfers Out $ 4,067,166 Transportation $ 2,021,485 Capital Improvements $ 6,769,880 Culture/Recreation $ 1,506,808 General Government $ 4,779,009 Economic Environment $ 109,163 GENERAL FUND The General Fund is the chief operating fund of the City. The Proposed Operating and Capital Budget for Fiscal Year 2015 is $19,262,712. As compared to the Fiscal Year 2014 Adopted Budget, there is an overall increase of $589,203 or 3.06%. This growth is matched to Operating, Personal Service and Capital budgets. Growth in Personal Services was unusually high due to the implementation of a Classification and Compensation study during Fiscal Year 2014, as well as a planned merit/COLA increase for Fiscal Year 2015 of 3%. It grew by $607,313 or 5.06%. Operating costs decreased slightly by $11,873 or 0.2%. Ordinary Capital was reduced $61,662 or 19.17%. Please note that effective for Fiscal Year 2015 the capitalization threshold has been increased by the City Commission from $1,000 to $5,000. More small purchases that used to be considered as Capital will go against the Operating budget. page 15