Budget Publication 2023

PUBLIC NOTICE BUDGET HEARING The Village Board of the Village of Paddock Lake will conduct a Budget Hearing on the proposed budgets for fiscal year 2023. The purpose of the hearing shall be to give any resident or taxpayer an opportunity to be heard on the proposed budgets. The following are summaries of the budgets. VILLAGE OF PADDOCK LAKE, WISCONSIN SUMMARY OF 2023 BUDGET GOVERNMENTAL FUNDS 2022 2023 PROPOSED GENERAL FUND BUDGET GOVERNMENTAL CAPITAL DEBT TOTAL ALL TAX LEVY FUNDS GENERAL PROJECTS SERVICE GOVERNMENTAL PERCENT BUDGET FUND FUNDS FUND FUNDS CHANGE REVENUES: GENERAL PROPERTY TAX 1,408,951 1,162,729 0 297,454 1,460,183 0.04% INTERGOVERNMENTAL REVENUES 207,794 204,227 0 0 204,227 LICENSE AND PERMITS 144,392 119,092 0 0 119,092 FINES, FORFEITS AND PENALTY 31,000 31,000 0 0 31,000 PUBLIC CHARGES FOR SERVICE 291,413 328,938 0 0 328,938 MISCELLANEOUS REVENUES 125,818 198,335 0 0 198,335 INTEREST 5,500 43,000 1,930 0 44,930 RESERVES 560 0 58,971 0 58,971 TOTAL REVENUES 2,215,428 2,087,321 60,901 297,454 2,445,676 EXPENDITURES: GENERAL GOVERNMENT 451,017 429,348 0 0 429,348 PUBLIC SAFETY 609,991 694,123 0 0 694,123 PUBLIC WORKS 417,767 406,828 0 0 406,828 HEALTH AND SANITATION 363,079 434,052 0 0 434,052 CULTURE, RECREATION AND ED. 110,059 117,470 0 0 117,470 CONSERVATION & DEVELOPMENT 4,000 4,000 0 0 4,000 DEBT SERVICE 299,857 0 0 297,454 297,454 CONTINGENCY RESERVE 560 1,500 0 0 1,500 TOTAL EXPENDITURES 2,256,330 2,087,321 0 297,454 2,384,775 PROPRIETARY FUNDS WATER FUND SEWER FUND 2023 2023 2022 PROPOSED 2022 PROPOSED BUDGET BUDGET BUDGET BUDGET OPERATING REVENUES 341,932 368,138 1,475,830 1,547,432 TRANSFERS IN 120,545 116,245 0 0 SPECIAL ASSESSMENTS 178,000 178,000 0 0 TOTAL OPERATING INCOME 640,477 662,383 1,475,830 1,547,432 OPERATING EXPENSES 89,256 87,297 570,043 685,859 DEBT SERVICE 297,560 295,405 585,876 587,743 DEPRECIATION/REPLACE FUND 183,087 119,366 258,000 258,000 TOTAL OPERATING EXPENSE 569,903 502,068 1,413,919 1,531,602 CONNECTION & DEVELOPERS FEES 0 0 NET INCOME (LOSS) 70,574 160,315 61,911 15,830 The hearing will be held on Wednesday, November 16, 2022 at the Paddock Lake Municipal Building, 6969 - 236th Avenue, Paddock Lake, Wisconsin at 7 pm. Immediately following the Public Hearing, a meeting will be held by the Village Board of Trustees on the proposed budgets. A copy of the proposed budgets may be reviewed at the Village office 8:00 am to 4:30 pm Monday through Friday. Dated this 19th day of October 2022 Michelle Shramek/Marla McIntyre Village Clerk/Treasurer