GV Newsletter 4-17 web

GOVERNMENT
MAKING A difference
2017 BUDGET
WHAT DOES THE
BUDGET SAY ABOUT
THE VILLAGE’S
FINANCIAL CONDITION?
This past November, City Council
adopted the 2017 Annual Operating
and Capital Improvement Budget.
The primary purpose of the Village’s
Budget and budgetary process is to
develop, adopt and implement a
fiscally sound and sustainable plan to
accomplish the established goals of
the upcoming year, while remaining
consistent with the long-term vision
of the community. Development of
the 2017 Annual Operating &
Capital Improvement Budget
focused on maintaining the existing
levels of service, reinvesting in the
infrastructure of the community,
and ensuring the financial health
of the organization without the
addition of new taxes or issuance of
debt.
WHERE DOES THE
MONEY COME FROM?
The Village receives revenue from
several sources. Taxes and assessments
represent the largest category,
accounting for more than 80% of all
Village revenue. Other sources
include intergovernmental revenues
comprised of sources which are
collected and shared with the Village
by other governments, as well as
federal, state and/or county grants,
the sale of various licenses and
permits, user charges and fees
intended to offset certain costs,
punitive fines and forfeitures for the
commission of minor crimes, and
lastly, investment earnings and
miscellaneous revenues. For 2017, the
above sources are expected to
REVENUE SOURCES 2017 Budget % of Total
Taxes & Assessments
Property & Specific Ownership Tax $3,300,000 6.8 %
Sales Tax 25,277,000 52.4 %
Use Tax (General & Building Materials) 6,172,000 12.8 %
Lodging Tax 1,718,000 3.6 %
Occupational Privilege Tax 1,990,000 4.1 %
Special Assessments & Audit Collections 1,324,000 2.7 %
Intergovernmental 2,312,221 4.8 %
(Highway Users Tax, Tobacco Tax, Grants, etc.)
Licenses and Permits (Business Licenses, 1,755,000 3.6 %
Liquor Licenses, Building Permits, etc.)
Charges & Fees (Planning and Zoning Fees, 3,039,000 6.3 %
Participant Fees, Franchise Fees, etc.)
Fines & Forfeitures (Court Costs, Fines, etc.) 1,087,000 2.3 %
Investment Earnings & Miscellaneous Revenue 308,000 0.6 %
TOTAL REVENUE $48,282,221 100.0%
EXPENDITURE ALLOCATION 2017 Budget % of Total
Operations & Maintenance
Mayor & City Council $417,568 1.0 %
City Management (City Manager’s Office, 887,292 1.9 %
Community Outreach)
City Attorney 526,482 1.1 %
Municipal Judge 35,597 0.1 %
Administrative Services (City Clerk, 3,623,368 7.8 %
Human Resources, Technology)
Finance (Accounting, Payroll, Taxpayer Services) 1,668,051 3.6 %
Community Development (Planning, 2,724,550 5.9 %
Building Safety, Code Enforcement, Facilities)
Parks, Trails & Recreation (Recreation, 7,267,569 15.7 %
Cultural Arts, Parks, Open Space, Trails)
Police (Dispatch, Patrol, Detectives) 10,760,070 23.3 %
Public Works (Fleet, Transportation, 8,329,529 18.0 %
Snow & Ice Control, Storm Water)
Capital Improvement Projects
Parks, Trails & Recreation (Recreation, 2,330,000 5.0 %
Cultural Arts, Parks, Open Space, Trails)
Public Works (Fleet, Transportation, 7,703,667 16.6 %
Snow & Ice Control, Storm Water)
TOTAL EXPENDITURES $46,273,743 100.0%
PG. 12 GV NEWSLETTER | APRIL 2017