202-Budget-TID-Budget-Bonduel-WI

% Change 2021 2022 2023 2024 2024 Proposed Audited Audited 2023 Projected Proposed versus Budget Budget Budget Budget Budget 2023 Budget Expenditures General Government 174,487$ 165,697$ 177,809$ 173,916$ 198,423$ 11.59% Public Safety 237,298$ 231,082$ 269,269$ 268,262$ 290,624$ 7.93% Public Works 234,275$ 248,543$ 261,487$ 265,945$ 331,805$ 26.89% Health and Sanitation 214,636$ 202,447$ 217,254$ 201,823$ 215,258$ -0.92% Culture and Recreation 70,990$ 73,696$ 64,980$ 69,631$ 69,851$ 7.50% Conservation & Development 1,715$ 7,344$ -$ -$ -$ Operating Transfer Out -$ -$ Total Expenditures 933,401$ 928,809$ 990,799$ 979,577$ 1,105,961$ 11.62% Revenues Property Tax Levy 321,440$ 289,547$ 332,760$ 332,760$ 387,230$ 16.37% Other Revenues 601,967$ 640,475$ 658,039$ 703,107$ 718,731$ 9.22% Operating Transfer In 41,596$ (132,442)$ -$ Total Revenues & Funding 965,003$ 797,580$ 990,799$ 1,035,867$ 1,105,961$ 11.62% Excess of Revenues & Other Funding Over Expenditures 31,602$ (131,229)$ -$ 56,290$ -$ Property Tax Levy 321,440$ 289,547$ 332,760$ 332,760$ 387,230$ 16.37% Assessed Full Valuation 73,466,900$ 88,178,300$ 89,099,900$ 89,099,900$ 89,758,400$ 0.74% Village Tax Rate w/o TID 4.38$ 3.28$ 3.73$ 3.73$ 4.31$ 15.52% Fund Balance January 1 541,639$ 573,241$ 442,012$ Net Change 31,602$ (131,229)$ 56,290$ Fund Balance December 31 573,241$ 442,012$ 498,302$ Village of Bonduel General Fund 12/5/2023 11:24 AM % Change 2021 2022 2023 2024 2024 Proposed Audited Audited 2023 Projected Proposed versus Budget Budget Budget Budget Budget 2023 Budget Expenditures Capital Equipment 44,070$ 10,808$ 32,300$ 12,991$ 18,650$ -42.26% Capital Reserve 52,441$ 100,127$ -$ 20,000$ 36,000$ 0.00% Debt Service/Lease 62,616$ 62,615$ 62,616$ 62,616$ 62,616$ 0.00% Total Expenditures 159,127$ 173,550$ 94,916$ 95,607$ 117,266$ 23.55% Revenues Property Tax Levy 61,739$ 19,564$ 6,043$ 6,043$ 25,493$ 321.86% Other Revenues 142,669$ 134,227$ 65,708$ 73,023$ 63,488$ -3.38% Proceeds of Debt 48,704$ 48,387$ -$ -$ Operating Transfer In 22,500$ 23,165$ 23,165$ 28,285$ Total Revenues 253,112$ 224,678$ 94,916$ 102,231$ 117,266$ 23.55% Excess of Revenues & Other Funding Over Expenditures 93,985$ 51,128$ -$ 6,624$ -$ Property Tax Levy 61,739$ 19,564$ 6,043$ 6,043$ 25,493$ 321.86% Assessed Valuation 73,466,900$ 88,178,300$ 89,099,900$ 89,099,900$ 89,758,400$ 0.74% Village Tax Rate w/o TID 0.84$ 0.22$ 0.07$ 0.07$ 0.28$ 318.77% Fund Balance January 1 373,640$ 467,625$ 518,753$ Net Change 93,985$ 51,128$ 6,624$ Fund Balance December 31 467,625$ 518,753$ 525,377$ Village of Bonduel Capital Equipment Fund 12/5/2023 11:24 AM % Change 2021 2022 2023 2024 2024 Proposed Audited Audited 2023 Projected Proposed versus Budget Budget Budget Budget Budget 2023 Budget Expenditures Capital Expense 800$ 800$ 12,300$ 27,422$ 99,800$ Culture and Recreation 16,605$ -$ Debt Service 611,456$ 740,650$ 361,172$ 361,172$ 313,572$ -15.18% Total Expenditures 612,256$ 758,055$ 373,472$ 388,594$ 413,372$ 10.68% Revenues Property Tax Levy 259,995$ 340,291$ 372,122$ 372,122$ 322,279$ -13.39% Other Revenues/Assessments 49,187$ 42,759$ 1,350$ 44,386$ 2,093$ 55.04% Proceeds of Debt/Funds on Hand -$ 150,661$ -$ -$ 89,000$ Total Revenues & Funding 309,182$ 533,711$ 373,472$ 416,508$ 413,372$ 10.68% Excess of Revenues & Other Funding Over Expenditures (303,074)$ (224,344)$ -$ 27,914$ -$ Property Tax Levy 259,995$ 340,291$ 372,122$ 372,122$ 322,279$ -13.39% Assessed Valuation 73,466,900$ 88,178,300$ 89,099,900$ 89,099,900$ 89,758,400$ 0.74% Village Tax Rate w/o TID 3.54$ 3.86$ 4.18$ 4.18$ 3.59$ -14.03% Fund Balance January 1 599,399$ 296,325$ 71,981$ Net Change (303,074)$ (224,344)$ 27,914$ Fund Balance December 31 296,325$ 71,981$ 99,895$ Village of Bonduel Capital Project Fund 12/5/2023 11:24 AM % Change 2021 2022 2023 2024 2024 Proposed Audited Audited 2023 Projected Proposed versus Budget Budget Budget Budget Budget 2023 Budget Village Property Tax Levy 321,440$ 289,547$ 332,760$ 332,760$ 387,230$ 16.37% Capital Equipment 61,739$ 19,564$ 6,043$ 6,043$ 25,493$ 321.86% Capital Street Tax Levy 259,995$ 340,291$ 372,122$ 372,122$ 322,279$ -13.39% Total Proposed Levy 643,174$ 649,402$ 710,925$ 710,925$ 735,002$ 3.39% Village Tax Rate w/o TID 8.75$ 7.36$ 7.98$ 7.98$ 8.19$ 2.63% Village of Bonduel 2024 Proposed Budget Summary 12/5/2023 11:24 AM % Change 2022 2023 2024 2024 Proposed Audited 2023 Projected Proposed Versus Budget Budget Budget Budget 2023 Budget Expenditures Debt Service 79,901$ 33,103$ 33,103$ 19,628$ -40.71% Misc. TIF expenses 2,150$ 2,150$ 2,150$ 2,150$ 0.00% Repayment of advance -$ 283,979$ 283,979$ 88,720$ -68.76% TIF Capital Projects Total Expenditures 82,051$ 319,232$ 319,232$ 110,498$ -65.39% Revenues TIF Tax Revenue * 382,622$ $337,767 337,767$ $401,689 * 18.92% Other Revenue 2,435$ 2,212$ 2,607$ 2,262$ 2.26% Proceeds of Debt Operating Transfers In Total Revenues & Funding 385,057$ 339,979$ 340,374$ 403,951$ 18.82% Excess of Revenues & Other Funding Over Expenditures 303,006$ 20,747$ 21,142$ 293,453$ Property Tax Levy 145,768$ 142,859$ 171,362$ 19.95% Assessed Full Valuation 88,178,300$ 89,099,900$ 89,758,400$ 0.74% TID Tax Rate 1.65$ 1.60$ 1.91$ 19.07% Fund Balance January 1 (521,362)$ (218,356)$ Net Change 303,006$ 21,142$ Fund Balance December 31 (218,356)$ (197,214)$ *TIF Revenue calculation is an approximate number, actual number to be determined by State of WI Department of Revenue. VILLAGE OF BONDUEL 2024 TIF District #1 12/5/2023 11:24 AM