NOTICE OF PUBLIC BUDGET HEARING FOR CITY OF STOUGHTON Notice is hereby given that on Tuesday, October 26, 2010, at 7:00 p.m. the Common Council will meet at the City Council Chambers on the Second floor of the Public Safety Building at 321 South 4th Street for the purpose of holding a PUBLIC HEARING on the PROPOSED BUDGET for 2011. The proposed budget is available for inspection at City Hall, 381 E Main Street, from 8:00 a.m. to 4:30 p.m. Monday through Friday. The following is a summary of the Proposed 2011 Budget. Dated: October 13, 2010 2010 Adopted Budget
2011 Proposed Budget
REVENUES Taxes: General Property Taxes Other Taxes (Utilities) Special Assessments: Intergovernmental Revenues Licenses & Permits Fines, Forfeits & Penalties Public Charges for Services Intergovernmental charges for services Miscellaneious Revenue Other Financing Sources TOTAL OPERATING REVENUES Cash Balance Applied TOTAL REVENUE & CASH BAL. APPLIED
$6,878,235 552,000 0 1,703,178 70,300 120,000 1,131,502 73,000 204,048 0 10,732,263 150,000 $10,882,263
7,071,859 657,500 0 1,702,347 71,700 123,000 1,168,759 73,000 200,363 0 11,068,528 0 $11,068,528
2.82% 19.11% 0.00% -0.05% 1.99% 2.50% 3.29% 0.00% -1.81% 0.00% 3.13% -100.00% 1.71%
EXPENDITURES: General Government Public Safety Public Works Health & Human Services Culture, Recreation & Education Conservation and Development Transfer to Other Funds Contingency TOTAL OPERATING EXPENDITURES Transfer to Debt Service Transfer to Capital Projects/Equip Repl TOTAL EXPENDITURES & DEBT SERVICE
$1,340,324 2,914,354 1,979,350 534,968 667,138 187,367 874,596 80,000 8,578,097 1,861,294 442,872 $10,882,263
$1,468,577 3,017,223 2,004,900 525,825 692,402 296,221 614,053 80,000 8,699,201 1,898,595 470,732 $11,068,528
9.57% 3.53% 1.29% -1.71% 3.79% 58.10% -29.79% 0.00% 1.41% 2.00% 6.29% 1.71%
General Fund
% Change
2009 FUND BALANCES
Estimated Fund Balances All Governmental Funds General Fund Capital Projects Fund Equipment Replacement Fund Debt Service Fund Total
Maria Hougan, Deputy City Clerk City of Stoughton
Fund Balance 1-Jan-10 $3,426,835 400,000 175,000 0 $4,001,835
Total Estimated Revenues $8,964,685 4,000,000 175,000 1,861,294 $15,000,979
Total Estimated Expenditures $9,114,685 2,629,280 0 1,861,294 $13,605,259
Estimated Fund Balance 31-Dec-10 $3,276,835 $1,770,720 $350,000 $0 $5,397,555
Property Tax Contribution $4,518,611 323,330 175,000 1,861,294 $6,878,235