HomeMy WebLinkAbout2005 09 22 Proposed Budget Tax Increase AdvertisementH6 Orlando Sentinel
SE THURSDAY, SEPTEMBER 22, 2005
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BUDGET
SUMMARY
CITY OF WINTER SPRINGS FISCAL YEAR 2005 - 2006
THE PROPOSED OPERATING BUDGET EXPENDITURES
OF THE CITY OF WINTER SPRINGS
ARE 14.4% MORE THAN LAST YEAR'S TOTAL OPERATING EXPENDITURES
General Fund 4.6126
Voted Debt 0.1374
SPECIAL DEBT CAPITAL
GENERAL
REVENUE SERVICE PROJECTS ENTERPRISE
TOTAL
FUND
FUNDS FUNDS FUNDS FUNDS
BUDGET
ESTIMATED REVENUES:
Taxes: Millage Per $1000
Ad Valorem Taxes 4.6126
7,357,746
-
7,357,746
Ad Valorem Taxes (Voted Debt Service) 0.1374
-
- 219,160
219,160
Utility & Franchise Fees
38,000
4,970,000 -
5,008,000
Licenses & Permits
156,500
649,660 - 1,680,000
2,486,160
Intergovernmental Revenues
4,109,378
2,517,700 200,000 -
6,827,078
Charges for Services
468,200
2,017,000 - 8,745,500
11,230,700
Fines & Forfeitures
210,OOQ
77,000 -
287,000
Miscellaneous Revenues
125,593
290,150 215,285 29,200 150,500
810,728
Other Financing Sources
- 1,500,000 -
1,500,000
TOTAL SOURCES
12,465,417
10,521,510 434,445 1,729,200 10,576,000
35,726,572
Transfers In
6,335,591
- 1,083,495 1,150,000 360,616
8,929,702
Fund Balances/Reserves/Net Assets
4,680,497
4,492,295 964,719 5,036,034 9,228,790
24,402,335
TOTAL REVENUES, TRANSFERS & BALANCES
23,481,505
15,013,805 2,482,659 7,915,234 20,165,406
69,058,609
EXPENDITURES
General Government
5,464,087
- - - -
5,464,087
Public Safety
9,495,145
172,000 878,579
10,545,724
Physical Environment
-
226,500 4,428,075
4,654,575
Transportation
1,134,053
313,325 -
1,447,378
Culture and Recreation
2,131,590
2,131,590
Capital Projects
526,270
4,916,085 - 6,690,500 2,176,115
14,308,970
Debt Service
-
- 1,503,500 1,840,225
3,343,725
Other Financing Uses
.
1,961,786 - -
1,961,786
TOTAL EXPENDITURES
18,751,145
7,589,696 1,503,500 6,690,500 9,322,994
43,857,835
Transfers Out
39,412
5,428,786 - - 3,461,504
8,929,702
Fund Balances/Reserves/Net Assets
4,690,948
1,995,323 979,159 1,224,734 7,380,908
16,271,072
TOTAL APPROPRIATED EXPENDITURES, TRANSFERS,
RESERVES & BALANCES
23,481,505
15,013,805 2,482,659 7,915,234 20,165,406 $69,058,609
THE TENTATIVE, ADOPTED, AND / OR FINAL BUDGETS ARE ON FILE IN THE OFFICE OF THE ABOVE MENTIONED
TAXING AUTHORITY AS A PUBLIC RECORD.
NOTICE OF PROPOSED
TAX INCREASE
The City of Winter Springs has tentatively adopted
measure to increase its property tax levy.
Last year's property tax levy:
A. Initially proposed tax levy ............................ $7,866,244
B. Less tax reductions due to Value
Adjustment Board and other
assessment charges .................................... $1,488,844
C. Actual property tax levy ............................... $6,377,400
This year's proposed tax levy ......................... $7,664,319
All concerned citizens are invited to attend a pubic hearir
on the tax increase to be held on
Monday, September 26, 2005
6:30 P.M.
at
Commission Chambers
Winter Springs City Hall
1126 East State Road 434
Winter Springs, Florida 32708
A FINAL DECISION on the proposed tax increase and t
budget will be made at this hearing.