Projected Budget Report for State

Projected Budget Report
Local Unit Name:	Village of North Branch
Local Unit Code:	44-3060
Current Fiscal Year End Date:	2/28/2023
Fund Name:	General Fund
REVENUES	Current Year Budget ending 02/28/2021		Percentage Change			Year 2 Budget ending 02/28/2022		Assumptions
Reimbursements/Admin Fees	20,800					20,800
Property Taxes	200,000		2	%		204,000		Inflation Increase
Other Taxes	24,000		2	%		24,480
State Revenue Sharing	105,000		1	%		106,050		small Increase per population
Liquor License Revenue	800			%		800
Reimbursements from other Funds	62,000			%		62,000		Contributions from DDA
Interest Income and Rents	54,175		2	%		55,259		Interest Increases
Reimbursements from NB SCHOOLS	38,000		2	%		38,760		Contracted Increases
Other Revenues	21,200			%		21,200
Allocations from Fund Balance	81,251					81,251
Total Revenues	607,226					614,600
EXPENDITURES
Capital Outlay	45,000		(19)			36,450
Audit	6,100		1			6,200		Contracted Increase
General Government	119,445		3	%		123,028		Wage Increases
Police and Fire	168,814		3	%		173,878		Wage increases
Other Public Safety	2,550			%		2,550
Other Public Works	175,015		3	%		180,265		Wage Increases & Materials
Community & Economic Development	3,762			%		3,762
Recreation & Culture	6,690			%		6,690
Legal	9,000		12	%		10,080		Attorney Fees
Other Expenditures	37,350		2	%		37,350
Street Lighting	33,500		2			34,170
Total Expenditures	607,226					614,424
Net Revenues (Expenditures)	0					175
Beginning Fund Balance
Ending Fund Balance
Commentary: