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: 2/29/2020              
Fund Name: General Fund              
                     
REVENUES  Current Year Budget ending 02/29/2020     Percentage Change        Year 2 Budget ending 02/28/2021   Assumptions    
                     
Property Taxes 206500                     2  %    210630   Several Properties sold for higher SEV
 
   
Contributions from other units 60000                                               62  %                               97200        
State Revenue Sharing 101,000                      2  %    103,020        
Fines & Fees 600                    1  %    603        
Licenses & Permits 10,000                      10  %    11,000        
Interest and Rents 45572                 2  %    46,483                    
Reimbursments/admin Fees 20,500                       %    20,500        
Allocations from FundBalance 29,604                         %               
                     
Total Revenues                   473,776          489,436        
                     
EXPENDITURES                    
                     
General Government 103,665                     5  %                   108,848   Labor and Material increases    
Police and Fire 144,268                     2  %                   147,153   Labor increases    
Other Public Safety 2,600                      %      2600                         
Other Public Works 125,835                    2  %                   128,352        
Community & Economic Development 7,895                     1  %                        7974    Vacany filled    
Recreation & Culture 5,450                      2  %                        5559        
                     %                                     
Other Expenditures 84,063       2  %                      85,744    Vendor Increases    
Total Expenditures                   473,776                    486,231        
                     
Net Revenues (Expenditures)                  0                   3205        
                     
                     
Beginning Fund Balance                   473,67                  473657         
Ending Fund Balance                   473,657                  476,863        
                     
                     
Commentary: