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Resolution 2015 - 09 - FY16 Budget and CIP
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Resolution 2015 - 09 - FY16 Budget and CIP
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8/18/2015 1:52:21 PM
Creation date
8/18/2015 11:57:17 AM
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City Resolutions
Year
2015
Resolution Number
2015 - 9
Description
Approval of FY 16 budget only for Capital Improvement Sales Tax Fund
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Below are the summary revenue and expenditures for this fund, and the details of the Capital <br /> Improvement Projects. The total project cost of$695,300 is funded by Capital Improvement <br /> Sales Tax. <br /> CAPITAL IMPROVEMENT SALES TAX <br /> FY 2016 BUDGET <br /> Revenue <br /> Capital Improvement Sales Tax $ 2,200,000 <br /> Expenditures <br /> Personnel services 195,000 <br /> Contractual services 211,800 <br /> Commodities 100,700 <br /> Capital outlay 29,000 <br /> Capital improvements <br /> - Jackson-Balson Pedestrian 48,300 <br /> - Sidewalk and Curb 380,000 <br /> - Street resurfacing 140,000 <br /> - Forsyth improvement 30,000 <br /> - Digital message boards 47,000 <br /> - Mapleview-Lafon drainage 50,000 <br /> Expenditures(Continued) <br /> Debt service payment <br /> - Principal 529,000 <br /> - Interest 39,000 <br /> Revenue exceeds expenditures $ 400,200 <br /> PROGRAM CAPITAL IMPROVEMENT <br /> SALES TAX <br /> 1 Asphalt Street Overlay $ 140,000 <br /> 2 Curb, Sidewalks and Alleys Improvement 380,000 <br /> 3 Digital Message Boards 47,000 <br /> 4 Forsyth Boulevard Improvement 30,000 <br /> 5 Jackson Balson Pedestrian Improvement 48,300 <br /> 6 Mapleview Dr.- Lafon Drainage Improvement 50,000 <br /> $ <br /> 695,300 <br />
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