ToV 2025 Budget Summary

2024 Budgeted 2024 through 10/31 2024 Projected 2025 Proposed Budget % Change 2024 - 2025 Revenue Total Taxes 525,174.30 544,743.80 544,743.80 540,882.00 2.9909% Special Assessments 3,550.00 3,789.86 3,789.86 3,790.00 6.7606% Intergovernmental Revenues 166,105.40 126,165.21 166,105.40 287,565.99 73.1226% Licenses & Permits 7,020.00 8,833.11 9,000.00 6,150.00 -12.3932% Fines, Forfeitures & Penalties - - - - Public Charges for Services 518.00 518.00 518.00 518.00 0.0000% Intergovernmental Charges - - - - Miscellaneous Revenues 38,800.00 25,478.97 27,500.00 20,800.00 -46.3918% Other Financing Sources - - - 129,135.72 Total Revenue 741,167.70 709,528.95 751,657.06 988,841.71 Expenses General Government 85,561.35 73,700.95 85,561.35 125,204.46 46.3330% Public Safety 148,886.28 121,255.23 148,886.28 166,256.19 11.6666% Public Works 324,594.38 316,027.46 324,594.38 672,234.43 107.0998% Health & Human Services 6,026.00 5,852.00 6,026.00 6,467.00 7.3183% Culture, Recreation, & Education 2,000.00 930.20 930.20 2,000.00 Conservation & Development 14,279.13 14,117.20 14,279.10 16,679.63 16.8112% Capital Outlay - - - - Debt Service - - - - Other Financing Uses - - - - Reserve Fund Contingency Fund 159,820.56 - 159,820.56 - -100.0000% Minimum Operating Balance - - - - Total Expenses 741,167.70 531,883.04 740,097.87 988,841.71 Net Surplus (Deficit) - 177,645.91 11,559.19 - Debts as of January 1, 2024 37,110.56 Debts as of January 1, 2025 (estimated)24,918.59 Town of Vermont Two Year Budget Summary 2024 & 2025