Budget Hearing — Agenda

PUBLIC BUDGET HEARING NOTICE Notice is hereby given that on Tuesday, December 10, 2024, at 4:45 PM at the Suring Municipal Building, 604 E. Main Street, a PUBLIC HEARING on the PROPOSED BUDGET for 2025 of the Village of Suring will be held. The Proposed Budget in detail is available for inspection at the Village Clerk's office during regular business hours. The following is a summary of the proposed 2025 budget: VILLAGE OF SURING 2023 2024 2024 2025 ACTUAL YEAR END BUDGET Percentage PROJECTED BUDGET NOTES BUDGET change in budget REVENUES Taxes - General Levy $400,340 $341,915 328,943$ 339,911$ 3.33% Other Taxes $44,304 $44,965 41,422$ 45,060$ 8.78% Special Assessments/charges $24,537 $20,000 20,000$ Garbage service-Special Chg. Per parcel of $110 20,000$ 0.00% Intergovernmental Revenues $353,962 $470,673 260,537$ Includes ERP & Additional Shared Revenue from State. Plus Recreational Grant for Veteran Park of $608,748 881,966$ 238.52% Licenses & Permits $4,493 $5,216 4,285$ 4,150$ -3.15% Fines, Forfeitures, Penalties $6,134 $7,275 3,500$ 4,000$ 14.29% Public Charges for Service $11,932 $16,175 5,500$ 30,500$ 454.55% Intergovernmental charges $120,255 $123,218 120,850$ 120,850$ 0.00% Miscellaneous $91,620 $102,780 20,700$ 30,200$ 45.89% Other Financing Sources $572,500 $35,000 34,500$ 37,201$ TOTAL REVENUES $1,630,077 $1,167,217 840,236$ 1,513,838$ 80.17% -$ EXPENDITURES General Government $133,296 $148,172 138,668$ 146,684$ 5.78% Public Safety $258,253 $265,053 324,165$ 257,574$ -20.54% Public Works $167,606 $148,230 183,697$ 185,765$ 1.13% Health & Human Services $3,154 $3,259 2,089$ 2,190$ 4.83% Culture, Recreation, Education $42,987 $41,515 39,173$ 42,900$ 9.52% Conservation & Development $4,288 $11,887 3,280$ 3,280$ 0.00% Capital Outlay & Planning $2,498 $98,477 29,353$ Includes expenses for Veteran Park Grant 670,498$ 2184.29% Debt Service $42,272 $88,754 119,812$ 135,146$ 12.80% Other Financing Sources $963,776 $69,952 -$ 69,801$ 0.00% TOTAL EXPENDITURES $1,618,129 $875,299 840,236$ 1,513,838$ 80.17% CAPITAL PROJECTS FUND REVENUES -$ EXPENDITURES -$ Kim Gruetzmacher, Clerk-Treasurer Posted Oct. 29, 2024 Published Nov. 8, 2024