Revenues
|
|
Franchise Fees
|
$13,000.00
|
Property Tax Collections
|
$17,500.00
|
Administrative Fees
|
$50.00
|
Gifts Received
|
$600.00
|
Permits & Fines
|
$4000.00
|
Total Revenues
|
$35,150.00
|
| |
|
Expenditures
|
|
Operating
|
|
Inspections
|
$1,500.00
|
Road Repair
|
$1,500.00
|
Legal Fees
|
$15,000.00
|
Insurance
|
$1,050.00
|
Building & Grounds Maintenance & Repair*
|
$2000.00
|
Abatement
|
$500.00
|
Advertising
|
$200.00
|
Tax Appraisal & Collection Budget Support
|
$500.00
|
Memberships
|
$1000.00
|
Total Operating Expenditures
|
$23,250.00
|
General & Administrative
|
|
Salaries
|
$9,000.00
|
City Council
|
$2,700.00
|
Utilities**
|
$3,200.00
|
Office Equipment
|
$1,800.00
|
Office Supplies & Postage
|
$1,350.00
|
Total General & Administrative Expenditures
|
$18,050.00
|
Total Expenditures
|
$41,300.00
|
Change in Net Assets from Operations
|
($6,150.00)
|
Interest Income
|
$300.00
|
Total Increase (Decrease) in Net Assets
|
($5850.00)
|
| |
|
*includes possible renovations to City Hall
|
|
**includes electricity, water, Internet, & phone
|
|
|
