PROP OPOS OSED ANNU NNUAL L BUDGE GET For Fiscal Year Ending June 30, 2021
Town of Archer Lodge $0.10 45% Archer Lodge Fire Tax $0.09 41% Park Reserve Fund $0.03 14%
Ad Valorem tax collections projected to be slower • and stayed conservative Sales tax revenues reduced by 25% • Projections on alcohol related revenues were • increased Electric franchise sales tax revenues slight increase • Projections in investment earnings were reduced • Removal of Annual Capital Reserve Designation • COVID-19 Pandemic Affects Budget
Proposed Projected General Fund 10 Revenue Sources: Revenues (FY 2020-2021) Ad Valorem Taxes $ 846,000.00 Unrestricted Intergovernmental $ 341,710.00 Restricted Intergovernmental $ 83,000.00 Permits and Fees $ 5,140.00 Investment Earnings $ 16,000.00 Miscellaneous $ - Transfer From Other Funds $ 64,000.00 Installment Loan Total Revenues / Estimated Resources $ 1,355,850.00
Proposed Anticipated General Fund 10 Expenditures: Expenditures (FY 2020-2021) General Government $ 452,014.00 Public Safety $ 334,000.00 Transportation $ 53,000.00 Economic & Physical Development $ 156,767.00 Cultural and Recreation $ 45,000.00 Debt Service $ 145,069.00 Capital Outlay $ - Transfer To Other Funds $ 170,000.00 Total Estimated/Appropriated $ 1,355,850.00
Proposed Proposed Estimated Estimated Capital Reserve Fund 30: Revenues Expenditures (FY 2020-2021) (FY 2020-2021) Investment Earnings $ 4,200.00 Transfer from General Fund 10 $ - Transfer to General Fund 10 $ 4,200.00 Revenue Totals = Expenditure Totals $ 4,200.00 $ 4,200.00
Proposed Estimated Proposed Estimated Park Reserve Fund 31: Revenues Expenditures (FY 2020-2021) (FY 2020-2021) Investment Earnings $ 2,400.00 Transfer from General Fund 10 $ 145,000.00 Transfer to General Fund 10 $ 64,000.00 Park Development $ 83,400.00 Revenue Totals = Expenditure Totals $ 147,400.00 $ 147,400.00
Proposed Proposed Estimated Estimated Public Safety Reserve Fund 32: Revenues Expenditures (FY 2020-2021) (FY 2020-2021) Investment Earnings $ 2,400.00 Transfer from General Fund 10 $ 25,000.00 Public Safety Development $ 27,400.00 Revenue Totals = Expenditure Totals $ 27,400.00 $ 27,400.00
Highlights – General Fund 10
* * Town A Admi mini nistrator or – Incr creas ase i e in Hour urs; J ; Join n LGERS RS * July 1, 1, 2020 2020 – COL OLA 1.5% 1.5% (f (full-tim time & & p part-tim time) * Jan anuary 1, 2021 1, 2021 – Perf rforman ormance ce-Bas Based ed M Meri rit up t to 2% (ful ull-tim time & & p part-tim time) * ALVM – Prop * AL oper erty & & Liability I Insur urance ance, F , Flags, S , Sidewal alk & & Gravel el P Parking ng L Lot with b h bump mper ers f for 3 3-5 s spaces aces * * Jul uly 1 1, 2020 2020 – 1% incr creas ease e in E Employer’ er’s p portion on of of NC NC401 01-K * * Ann Annua ual O Out utdoo oor Eve vents (Fal all, S Spri ring ng) * Funds t to Incr creas ease C e Chri ristmas mas D Decor corations ns – alloca ocated ed t to ALCC * 20% 20% Cost st Share re with NCDOT OT for C or Cur urb, G Gut utter and nd Sidewalks ks * Auditing ng S Services es/Financi nancial al Statement ements – 23% 23% In Increa ease * Permi rmitting ng & & Code de Enfor orcem ement nt Software re Implemen ementation on * * Cont ontinuation of n of: AL ALCC Sup upport f for or Recreation, T The he Br Brou ough La Law Firm ( (P& P&Z D Dept pt), Park R Rese serve T Transfer & Pu Public Sa Safety Reser erve T e Trans nsfer er
PARTF Grant: $500,000 Archer Lodge Funds: $500,000 Agreement Period: Dec 1, 2019 – Nov 30, 2022
Previous Fee Schedule: FEE EE SCH CHEDULE CH CHANGES Proposed Fee Schedule: Fiscal Year 2020-2021
Previous Fee Schedule: Proposed Fee Schedule:
Previous Fee Schedule: Proposed Fee Schedule:
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