Laserfiche WebLink
CITY OF PEQUOT LAKES <br /> 2015 PROPOSED BUDGET CHANGES TO TAX LEVY FUNDS <br /> 2015 Preliminary General Revenue Tax Levy $ 1,605,925 Increase of$148,507(10.19%)from 2014 G.R. Tax Levy of$1,457,418 <br /> DEPARTMENT AMOUNT NOTES <br /> Refunds&reimbursements $ 400 reduction of insurance reimbursement revenue <br /> Clerk: <br /> Risk management $ (250) reduction due to NJPA funding safety meetings <br /> Planning&Zoning: <br /> Risk management $ (250) removed due to NJPA funding safety meetings <br /> Police: <br /> Risk management $ (200) removed due to NJPA funding safety meetings <br /> Capital outlay $ (15,000) use fund balance for in squad camera upgrades <br /> Subtotal $ (15,200) <br /> Roads&Streets: <br /> Engineering fees $ (16,000) reduction due to Old Hwy 371 engineering fees included in bond <br /> Capital outlay $ (100,000) reduction due to bonding for Old Hwy 371 project <br /> Debt service-principal $ 26,470 Old Hwy 371 &Pequot Blvd street reconstruction bond payment <br /> Debt service-interest $ 24,750 Old Hwy 371 &Pequot Blvd street reconstruction bond payment <br /> Subtotal $ (64,780) <br /> Park: <br /> Contract services $ (1,000) removed Mayo Park survey lines-will pay from Park Dedication Fund <br /> Capital outlay $ (29,000) use fund balance for Trailside Park restroom <br /> Subtotal $ (30,000) <br /> HRA: <br /> Insurance $ (400) reduction due to re-calculation of insurance <br /> Insurance $ (4,000) reduction due to re-calculation of insurance <br /> TOTAL PROPOSED CHANGES $ (114,480) <br /> Revised 2015 General Revenue Tax Levy $ 1,491,445 Increase of$34,027(2.33%)from 2014 General Revenue Tax Levy <br /> 2015 Tax Abatement Levy $ 22,648 <br /> 2015 Total Tax Levies $ 1,514,093 increase of$25,720(1.73'%)front 2014 Tel Tax Levies <br /> 2015 PROPOSED BUDGET CHANGES TO SPECIAL REVENUE&ENTERPRISE FUNDS <br /> FUND AMOUNT NOTES <br /> Fire: <br /> Fire contracts $ (13,770) reduction of revenue <br /> Insurance $ (1,000) reduction due to re-calculation of insurance <br /> Debt service-principal $ (11,330) removed air packs equipment certificate debt payment <br /> Debt service-interest $ (1,440) removed air packs equipment certificate debt payment <br /> Subtotal $ (27,540) <br /> Capital Improvement: <br /> GO bond proceeds $ 550,000 added revenue proceeds for street reconstruction bond <br /> Old Hwy 371 $ 500,000 added for street project expenditures <br /> Pequot Blvd $ 50,000 added for street project expenditures <br /> Subtotal $ 1,100,000 <br /> Water: <br /> Engineering fees $ (2,500) removed due to Old Hwy 371 engineering fees included in bond <br /> Capital outlay $ (20,000) reduction due to bonding for Old Hwy 371 project <br /> Subtotal $ (22,500) <br /> Sewer: <br /> Capital outlay $ (10,000) reduction due to bonding for Old Hwy 371 project <br /> TOTAL PROPOSED CHANGES $ 1,039,960 <br />