Complete Document - City of Auburn

City of AuburnDetail of Special Revenue FundsState State Special Public Community Total-AllCity 7 Cent 9 Cent Special Additional Safety Dev. BudgetedGas Tax Gas Tax Gas Tax School School Drug Seizure Block Grant Special Rev.Fund Fund Fund Tax Fund Tax Fund Fund Fund* FundsFY 03 BudgetRevenuesLocally levied taxesProperty taxes for schools - - - $ 1,650,000 $ 3,400,000 - - $ 5,050,000Gasoline taxes $ 265,000 - - - - - - 265,000State shared taxesGasoline taxes - $ 129,500 $ 90,000- - - - 219,500Other revenuesFederal grants - - - - - - $ 820,220 820,220Confiscation revenue - - - - - - - -Interest - 1,000 1,000 - 35,000 $ 500 - 37,500Total revenues 265,000 130,500 91,000 1,650,000 3,435,000 500 820,220 6,392,220Other financing sources (OFS)Transfers in from other funds - - - 3,250,000 - - - 3,250,000Total revenues and OFS 265,000 130,500 91,000 4,900,000 3,435,000 500 820,220 9,642,220ExpendituresPublic safetyCurrent operations - - - - - 4,000 - 4,000General operationsTax administration fees - - - 74,200 155,000 - 229,200Grant program administration - - - - - - 120,000 120,000Grant program current operations - - - - - - 187,500 187,500Grant programs capital outlay - - - - - - 512,720 512,720Appropriations to Bd. of Education- - - 2,800,000 - - - 2,800,000Debt service- - - 2,224,904 - - - 2,224,904Total expenditures - - - 5,099,104 155,000 4,000 820,220 6,078,324Other financing uses (OFU)Transfers to other funds300,000 130,000 90,000 - 3,250,000 - - 3,770,000Total expenditures and OFU 300,000 130,000 90,000 5,099,104 3,405,000 4,000 820,220 9,848,324Excess of resources over (under) uses (35,000) 500 1,000 (199,104) 30,000 (3,500) - (206,104)Fund balances, October 1, 2002^ 139,583 53,990 52,597 96,385 1,100,169 174,035 - 1,616,759Projected Fund Balances, Sep 30, 2003 $ 104,583 $ 54,490 $ 53,597 $ (102,719) $ 1,130,169 $ 170,535 $ - $ 1,410,655FY 04 BudgetRevenuesLocally levied taxesProperty taxes for schools - - - $ 1,700,000 $ 3,500,000 - - $ 5,200,000Gasoline taxes $ 267,500 - - - - - - 267,500State shared taxesGasoline taxes - $ 132,000 $ 94,000- - - - 226,000Other revenuesFederal grants - - - - - - - -Confiscation revenue - - - - - - - -Interest 2,500 1,000 1,000 15,000 35,000 500 - 55,000Total revenues 270,000 133,000 95,000 1,715,000 3,535,000 500 - 5,748,500Other financing sources (OFS)Transfers in from other funds - - - 3,550,000 - - - 3,550,000Total revenues and OFS 270,000 133,000 95,000 5,265,000 3,535,000 500 - 9,298,500ExpendituresPublic safetyCurrent operations - - - - - 4,000 - 4,000General operationsTax administration fees - - - 77,436 160,000 - - 237,436Appropriations to Bd. of Education- - - 2,800,000 - - - 2,800,000Debt service- - - 2,375,229 - - - 2,375,229Total expenditures - - - 5,252,665 160,000 4,000 - 5,416,665Other financing uses (OFU)Transfers to other funds300,000 130,000 94,000 - 3,550,000 - - 4,074,000Total expenditures and OFU 300,000 130,000 94,000 5,252,665 3,710,000 4,000 - 9,490,665Excess of resources over (under) uses (30,000) 3,000 1,000 12,335 (175,000) (3,500) - (192,165)Projected Fund Balances, Sep 30, 2003 104,583 54,490 53,597 (102,719) 1,130,169 170,535 - 1,410,655Projected Fund Balances, Sep 30, 2004 $ 74,583 $ 57,490 $ 54,597 $ (90,384) $ 955,169 $ 167,035 $ - $ 1,218,490* FY04 Grant funds will be applied for in the summer of FY03. Funds are approved one year in advance and are not guaranteed in subsequent years.^ FY 02 ending fund balance amounts have been updated from ordinance amounts to reflect unaudited actual amounts.Note: Amounts shown in blue denote transfers between two Special Revenue Funds245