FYE 14 Budget prelim - City of Norman

CITY OF NORMANNEW DEVELOPMENT EXCISE FUND (322)STATEMENT OF REVENUES AND EXPENDITURESFYE 12 FYE 13 FYE 13 FYE 14 FYE 15 FYE 16 FYE 17 FYE 18ACTUAL BUDGET ESTIMATED PROJECTED PROJECTED PROJECTED PROJECTED PROJECTED---------------------- -------------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------------1 Beginning Fund Balance 13,089,163 8,274,490 15,261,364 11,191,092 15,114,073 4,654,073 5,453,073 6,252,0732 ---------------------- -------------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------------3 Operating Revenues:4 Excise Tax - Residential 1,289,943 1,000,000 1,000,000 1,100,000 1,200,000 1,300,000 1,300,000 1,300,0005 Excise Tax - Commercial 308,016 300,000 300,000 350,000 400,000 400,000 400,000 400,0006 ---------------------- -------------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------------7 Total Operating Revenues 1,597,959 1,300,000 1,300,000 1,450,000 1,600,000 1,700,000 1,700,000 1,700,0008 ---------------------- -------------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------------9 Total Operating Expenditures 0 0 0 0 0 0 0 010 ---------------------- -------------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------------11 Net Operating Revenue 1,597,959 1,300,000 1,300,000 1,450,000 1,600,000 1,700,000 1,700,000 1,700,00012 ---------------------- -------------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------------13 Other Revenues:14 Interest Income 100,116 200,000 200,000 200,000 200,000 200,000 200,000 200,00015 Bond Proceeds/Grant Reimb. 0 11,400,000 0 11,400,000 0 0 0 016 SRF Loan Proceeds 1,772,099 0 0 0 0 0 0 017 I/F Transf - General Fund 0 0 0 0 0 0 0 018 Transfer From Sewer Sales Tax 0 0 0 0 0 0 0 019 ---------------------- -------------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------------20 Total Other Revenues 1,872,215 11,600,000 200,000 11,600,000 200,000 200,000 200,000 200,00021 ---------------------- -------------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------------22 Other Expenditures:23 Debt Service 242,648 1,100,000 280,188 1,100,000 1,100,000 1,100,000 1,100,000 1,100,00024 Services & maintenance 755 1,000 1,000 1,000 1,000 1,000 1,000 1,00025 Capital Projects 1,054,570 8,671,102 5,289,084 8,026,019 11,159,000 0 0 026 ---------------------- -------------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------------27 Total Other Expenditures 1,297,973 9,772,102 5,570,272 9,127,019 12,260,000 1,101,000 1,101,000 1,101,00028 ---------------------- -------------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------------29 Net Revenues (Expenditures) 2,172,201 3,127,898 (4,070,272) 3,922,981 (10,460,000) 799,000 799,000 799,00030 ---------------------- -------------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------------31 Ending Fund Balance 15,261,364 11,402,388 11,191,092 15,114,073 4,654,073 5,453,073 6,252,073 7,051,07332 ============= =============== ============= ============= ============= ============= ============= =============ANNUAL BUDGET97