10_8_25 adjusted budget summary

1 2 3 4 5 6 7 8 9 Town of Clinton 2023 2023 9/30/2024 12/31/2024 2024 2025 Budget Public 2025 2025 Proposed Budget Summary Adjusted Actual Actual Full Year Adopted Adopted Percent Hearing Adopted Budget Budget Estimated Budget Budget Change Adjustments Budget Revenues 1 Town Levy 163,773 163,773 253,696 166,890 166,890 253696 52.01% 2 Other Taxes, Licenses & Permits 500 1,967 1,628 6,000 500 500 0.00% - - 3 Shared Revenue 154,915 154,915 32,019 209,029 209,029 213825 2.29% - - 4 2% Fire Insurance Dues 2,150 2,599 3,755 - 2,500 0 -100.00% - - 5 State Highway Aids 152,913 152,913 114,684 152,913 152,913 152913 0.00% - - 6 TRIP Project Grant - 867,292 - - - 7 Local Fiscal Recovery Funds (ARPA) - - - - 8 Disaster Recovery Aids - - - - 9 Bridge Aids & Other Payments from County - 3,536 1,300 1,300 - - 10 Snow Plowing & Sale of Culverts & Bands - 3,221 8,738 4,200 - - - 11 Dividends (Interest Income) - 1,446 135 114 - - - 12 Miscellaneous Revenues 500 37,120 1,219 1,756 500 500 0.00% - - 13 Total Revenues 474,751 1,388,781 417,174 540,902 532,331 621434 16.74% 14 Budgetary Line of Credit 82,904 160,603 146096 15 Loan for Irish Ridge 650,000 - - - 16 Loan for Arm Mower - - 82500 - 82,500 17 Loan for New Plow Truck 118710 118,700 18 General Fund Reserves Applied 89,294 - - - 19 Building Fund Reserves Applied - - - - - 20 Machinery Fund Reserves Applied - - - - - 21 Machinery Fund Reserves Applied to Loader Purchase - - - - - 22 Total Revenues & Reserves Applied 1,296,949 1,388,781 417,174 540,902 692,934 968,740 39.80% Expenditures 23 Highway & Bridges Maintenance & Overhead 319,620 300,161 412,660 300,000 342,179 352100 2.90% - - 24 Road Projects: Chip Seal, Cold Mix & Hot Mix 180,000 180,000 - 185,000 180,000 180000 0.00% - - 25 Irish Ridge Project (Loan Payment in 2024) 650,000 966,053 16,371 27,317 20,000 16371 -18.15% - - 26 Bank of Cashton Line of Credit payment - - 2,597 41,096 - 86097 - - 27 Machinery Purchases/Payments 14,703 15,690 15,690 15,690 15,690 216484 1279.76% - - 28 Sub-Total Highway Related Expenses 1,164,323 1,461,903 447,318 569,103 557,869 851052 52.55% - - 29 Fire Protection 38,592 24,737 15,751 32,000 39,006 34178 -12.38% - - 30 Sanitation 26,050 23,788 17,896 25,250 25,250 25430 0.71% - - 31 General Government 57,984 60,500 47,872 70,800 70,809 58080 -17.98% - - 32 Contingency Fund 10,000 - - - 33 Total Expenditures 1,296,949 1,570,929 528,837 697,153 692,934 968,740 39.80% 34 Machinery Fund 35 Building Fund 36 Total Expenditures 1,296,949 1,570,929 528,837 697,153 692,934 968,740 39.80% Cash Financial Statement Summary 36 General Fund-January 1st 64,959 156,765 21470 21470 21,470 - - 37 Machinery Fund-January 1st - - - - - 38 Building Fund-January 1st - - - - - 39 Local Fiscal Recovery Funds (ARPA) 150,902 - - - - 41 Payroll taxes Payable - 2,183 1721 1721 1,721 - - 42 Total Beginning Cash 215,861 158,948 23,191 23191 23,191 - - 43 Net Income (Loss) (822,198) (182,147) 44 General Fund-December 31st 4,959 21,470 7520 - - - 45 Machinery Fund-December 31st - - - - - 46 Building Fund-December 31st - - - - - 47 Local Fiscal Recovery Funds (ARPA) 150,902 - - - - 49 Payroll taxes Payable - 1,721 1801 - - 50 Total Ending Cash 155,861 23,191 23,191 - Ending Loan Balances 52 Budetary Line of Credit 112,198 - - - - 51 John Deere Credit 29,404 30,114 15690 15690 - 15690 - - 52 Irish Ridge Funding 650,000 290,000 268236 - 268236 - - 53 Bank of Cashton Line of Credit - - 30500 83500 - 83500 - - 54 Arm Mower Funding 82500 82500 55 Total Debt 791,602 320,114 449926 - 449926 - -