FY 2025 BUDGET BOOK - Flipbook - Page 21
Figure 9 illustrates how General Fund revenues are spent, based on the summary figures found in
the Budget Overview Section.
Figure 9:
FY 2024/25 General Fund Budgeted Expenditures $27,148,773
Where will General Fund Revenue Will be Spent?
Street Improvement Fund Budget Analysis
The Street Improvement Fund (Fund 013) includes 19 employees. Revenues are received from
various sources. The major funding source is the Local Option Gas Tax. The revenues have
increased incrementally over the past several years due to a change in the distribution formula. The
total revenue of this fund is $2,167,000 (Street Improvement Summary, page 245) or 2.66% higher
than the estimated FY 2023/24 revenue. This does include $50,000 for street light reimbursement
from the State, a General Fund transfer of $845,000, and a Stormwater Fund transfer of $260,000 (Street
Improvement Summary, page 245).
Total expenditures for the Street Improvement Fund are $ 2,702,980. Budgeted expenditures exceed
budgeted revenue by $535,980 and an ending budgeted fund balance of $216,032 (Street
Improvement Summary, page 245). A healthy balance has continued for several years. However,
this year there is an increase in budgeted projects, which has reduced the fund balance.
Traditionally, transfers from the General Fund have supported the Street Improvement Fund.
The Street Improvement Fund previously reduced expenditures by outsourcing tree-trimming
services and will continue to monitor the success of this program. During this next fiscal year, the
City may increase fund transfers and allocations, and/or additional service reductions to balance
the revenues and expenditures in this fund.
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