Copy of Budget Publication Notice

NOTICE IS HEREBY GIVEN, in accordance with the provisions of Section 65.90 of the Wisconsin Statutes, that a Public Hearing on the Proposed Budget for the City of Antigo, Wisconsin, for the year 2024 will be held in the Council Chambers, City Hall, 700 Edison Street, Antigo, Wisconsin, on Wednesday, November 8, 2023 at 6:00 p.m. The following is a summary of the actual/estimated revenues and expenditures, including all Fund Balances for the current year, and those proposed for inclusion in the 2024 budget. 2024 BUDGET SUMMARY FOR THE CITY OF ANTIGO 2023 Original Adopted Budget 2023 Budget as Amended 2024 Proposed Budget 2023-2024 Net % Change REVENUES Adopted vs Proposed General Fund: General Property Taxes 1,803,530$ 1,803,530$ 1,740,244$ -3.5% Taxes (Other Than Property) 339,621$ 339,621$ 339,121$ -0.1% Special Assessments 12,300$ 12,300$ 12,300$ 0.0% Intergovernmental Revenues 3,478,767$ 3,579,897$ 4,236,120$ 21.8% Licenses and Permits 125,850$ 125,850$ 124,450$ -1.1% Fines and Penalties 40,000$ 40,000$ 40,000$ 0.0% Public Charges for Services 153,900$ 153,900$ 153,900$ 0.0% Miscellaneous Revenues 86,700$ 86,700$ 116,700$ 34.6% Other Financing Sources 1,081,605$ 1,662,253$ 697,077$ -35.6% Total General Fund Revenues 7,122,273$ 7,804,051$ 7,459,912$ 4.7% Special Revenue Funds: TIF District #3 312,736$ 512,736$ -$ Not Yet Known TIF District #4 284,803$ 284,803$ -$ Not Yet Known TIF District #5 194,254$ 144,254$ -$ Not Yet Known TIF District #6 371,817$ 371,817$ -$ Not Yet Known TIF District #7 8,491$ 8,491$ -$ Not Yet Known Solid Waste Restricted 250$ 250$ 250$ 0.0% Landfill Long Term Care Fund 10,000$ 10,000$ 10,000$ 0.0% Health Insurance 1,861,878$ 1,861,878$ 1,861,878$ 0.0% Dental Insurance 29,330$ 29,330$ 29,330$ 0.0% Other Insurance Risks 2,000$ 2,000$ 2,000$ 0.0% Solid Waste 142,700$ 142,700$ 137,700$ -3.5% Deleglise Landfill Site 2,500$ 2,500$ 4,000$ 60.0% Block Grant Revolving Loan 154,250$ 154,250$ 165,000$ 7.0% SDWLP Lead Serv Line Progm -$ -$ -$ PFED Block Grant Gowan/Field -$ -$ -$ American Rescue Plan (ARPA) -$ -$ -$ CDBG PFCL19-04 5th Avenue -$ -$ -$ CDBGPF 20-01 5th Ave 2021 -$ -$ -$ Ambulance 2,147,781$ 2,147,781$ 2,151,643$ 0.2% Ambulance Replacement Fund 240,000$ 240,000$ 50,000$ -79.2% Ambulance EMS Fdg. Assistance 6,000$ 6,000$ 6,000$ 0.0% Hotel/Motel Tax Fund 133,000$ 133,000$ 137,500$ 3.4% Law Enforcement Seizure Fund -$ -$ -$ Library 694,619$ 694,619$ -$ -100.0% Debt Service Fund 2,081,553$ 2,081,553$ 644,009$ -69.1% Capital Project Funds Public Improvement 1,647,388$ 1,647,388$ 246,310$ -85.0% Capital Equipment/Improvement 1,529,990$ 4,666,950$ 1,998,489$ 30.6% Special Assessment 35,000$ 35,000$ 38,000$ 8.6% Internal Service Fund CVMIC Liability Fund 70,108$ 70,108$ 70,910$ 1.1% Trust Funds: Library Expendable Trust -$ -$ -$ Park & Rec Exp. Trust 212,000$ 212,000$ -$ Law Enforcement Exp Trust 12,500$ 12,500$ -$ Fire Dept. Expendable Trust 6,000$ 6,000$ -$ TOTAL REVENUES 19,313,220$ 23,281,958$ 15,012,931$ -22.3% Total Revenues without TIF Funds 18,141,120$ 21,959,857$ 15,012,931$ -17.24% EXPENDITURES General Fund: General Government 1,347,587$ 1,438,673$ 1,503,501$ 11.57% Public Safety 2,901,980$ 3,235,922$ 2,972,377$ 2.43% Public Works 1,987,432$ 2,183,638$ 2,045,181$ 2.91% Health & Human Services 51,381$ 51,381$ 47,416$ -7.72% Culture, Recreation & Education 642,863$ 644,894$ 664,711$ 3.40% Conservation & Development 132,583$ 176,883$ 168,691$ 27.23% Employee Benefits 58,447$ 72,660$ 58,035$ -0.70% Special Revenue -$ -$ -$ Total General Fund Expenditures 7,122,273$ 7,804,051$ 7,459,912$ 4.7% Special Revenue Funds: TIF District #3 200,650$ 400,650$ 479,989$ TIF District #4 119,160$ 119,160$ 419,160$ TIF District #5 150,660$ 100,660$ 100,660$ TIF District #6 200,660$ 200,660$ 200,660$ TIF District #7 660$ 660$ 660$ Solid Waste Restricted -$ -$ -$ Landfill Long Term Care 10,000$ 10,000$ 10,000$ 0.0% Health Insurance 1,861,878$ 1,861,878$ 1,861,878$ 0.0% NOTICE OF PUBLIC HEARING 2024 BUDGET FOR CITY OF ANTIGO November 8, 2023 Dental Insurance 29,330$ 29,330$ 29,330$ 0.0% Other Insurance Risks -$ -$ -$ Solid Waste 85,562$ 85,562$ 88,858$ 3.9% Deleglise Landfill Site 2,500$ 2,500$ 2,500$ 0.0% Block Grant Revolving Loan 154,250$ 154,250$ 165,000$ 7.0% SDWLP Lead Serv Line Progm -$ -$ -$ 100.0% PFED Block Grant Gowan/Field -$ -$ -$ American Rescue Plan (ARPA) -$ -$ -$ CDBG PFCL19-04 5th Avenue -$ -$ -$ CDBGPF 20-01 5th Ave 2021 -$ -$ -$ Ambulance 2,147,780$ 2,147,780$ 2,151,643$ 0.2% Ambulance Replacement Fund 240,000$ 240,000$ -$ -100.0% Ambulance EMS Fdg. Assistance 6,000$ 6,000$ 6,000$ 0.0% Hotel/Motel Tax Fund 133,000$ 133,000$ 137,500$ 3.4% Law Enforcement Seizure Fund -$ -$ -$ Library 694,619$ 694,619$ 693,000$ -0.2% Debt Service Fund 2,081,553$ 2,081,553$ 644,009$ -69.1% Capital Project Funds: Public Improvement 1,647,388$ 1,647,388$ 218,263$ -86.8% Capital Equipment/Improvement 1,029,990$ 4,166,950$ 1,089,150$ 5.7% Special Assessment 35,000$ 35,000$ 38,000$ 8.6% Internal Service Fund: CVMIC Liability Fund 70,108$ 70,108$ 70,910$ 1.1% Increase % Trust Funds: 2023 2024 from 2023 Increase Library Expendable Trust -$ -$ -$ 378,818,700 383,448,100 4,629,400 1.22% Park & Recreation Exp. Trust 212,000$ 212,000$ estimated Law Enforcement Exp. Trust 12,500$ 12,500$ Fire Dept. Expendable Trust 6,000$ 6,000$ Tax Rate Change % TOTAL EXPENDITURES 18,253,521$ 22,222,258$ 15,867,082$ -13.1% 2023 2024 from 2023 Change Total Expenditures without TIF Funds17,581,731$ 21,400,468$ 14,665,953$ -16.58% 9.803788 9.772715 -0.0310735 -0.32% Note: any small differences in totals are due to rounding Tax Levy Change % 2023 2024 from 2023 Change RECAP OF TAX LEVY (levies included on page 1) 3,713,858 3,747,329 33,471 0.90% 2023 Levy 2024 Proposed Levy 2022 Tax Bill/Payable 2023 Rate 2023 Tax Bill/Payable 2024 Proposed Rate General Fund 1,803,530$ 1,740,244$ 4.760932 4.538408 Ambulance 224,283$ 266,798$ 0.592059 0.695786 Library 306,690$ 306,690$ 0.809596 0.799821 Capital Equipment/Improvements 1,029,990$ 1,089,150$ 2.718952 2.840410 Debt Service 349,365$ 344,447$ 0.922250 0.898288 TOTAL LEVY/MILL RATE 3,713,858$ 3,747,329$ 9.803788 9.772715 -0.32% Note: any small differences in totals are due to rounding 2024 ESTIMATED 01/01/24 Property Other 12/31/24 Estimated Taxes Revenues Expenditures Estimated Balance Balance* General Fund 2,951,313$ 1,740,244$ 5,079,291$ 7,456,912$ 2,313,936$ Special Revenue** 6,466,592$ 573,488$ 4,926,908$ 6,060,246$ 5,906,742$ Capital Project Funds 6,747,874$ 1,089,150$ 1,032,086$ 1,345,413$ 7,523,698$ Debt Service Funds 470,369$ 344,447$ 299,563$ 644,009$ 470,369$ Enterprise Fund*** 9,437,816$ -$ 4,546,144$ 5,527,673$ 8,456,288$ *balances include undesignated and designated funds **TIF Levy Not Included The budget is available for public inspection at the office of the City Clerk-Treasurer, 700 Edison Street, Antigo, Wisconsin, during regular business hours (Monday - Thursday, 7:30 a.m. - 4:30 p.m. and Friday, 7:30 a.m. - 12:00 noon). Kaye M. Matucheski Clerk-Treasurer/Finance Director Assessed Value