Proposed Fiscal Year 2021-2022 Budget Information

Clawson MI

17 May, 2021

7:11 AM

Description

Press release from the City of Clawson: Proposed Fiscal Year 2021-2022 Budget Information The City Council will be holding a Public Hearing on the proposed 2021-2022 Fiscal Year Budget at the Tuesday, May 18th Regular Council Meeting that will be held virtually. Below you will find the overview of the proposed funds and millage rates up for discussion. Proposed 2021-2022 Fiscal Year Budget Appropriation Resolution 2021-22 RECOMMENDED BUDGET Fund 101 - General Fund TOTAL ESTIMATED REVENUES 9,418,470 TOTAL APPROPRIATIONS 9,418,390 Fund 202 - Major Street Fund TOTAL ESTIMATED REVENUES 899,790 TOTAL APPROPRIATIONS 882,440 Fund 203 - Local Street Fund TOTAL ESTIMATED REVENUES 514,700 TOTAL APPROPRIATIONS 514,600 Fund 226 - Refuse Collection Fund TOTAL ESTIMATED REVENUES 1,116,660 TOTAL APPROPRIATIONS 1,100,000 Fund 248 - Downtown Development Authority TOTAL ESTIMATED REVENUES 190,390 TOTAL APPROPRIATIONS 165,710 Fund 271 - Library Fund TOTAL ESTIMATED REVENUES 537,090 TOTAL APPROPRIATIONS 524,370 Fund 301 - Debt Service Fund-R&I Bonds TOTAL ESTIMATED REVENUES 1,461,320 TOTAL APPROPRIATIONS 1,421,780 Fund 303 - Debt Service-Park Improvements TOTAL ESTIMATED REVENUES 281,070 TOTAL APPROPRIATIONS 271,740 Fund 304 - PENSION OBLIGATION BONDS TOTAL ESTIMATED REVENUES 1,113,550 TOTAL APPROPRIATIONS 1,113,540 Fund 305 - DEBT SERVICE - SIDEWALK BONDS TOTAL ESTIMATED REVENUES 327,580 TOTAL APPROPRIATIONS 308,460 Fund 402 - Sidewalk Fund TOTAL ESTIMATED REVENUES 200,000 TOTAL APPROPRIATIONS 200,000 Fund 502 - Senior Citizen Housing TOTAL ESTIMATED REVENUES 133,850 TOTAL APPROPRIATIONS 128,300 Fund 667 - Motor Equipment Fund TOTAL ESTIMATED REVENUES 608,240 TOTAL APPROPRIATIONS 607,900 MILLAGE RATES: Operating 9.3632 Rubbish 1.8721 Operating Voted 3.6892 Library 0.8617 Library Voted 0.2898 Bond Debt Voted 3.5100 Drain/Sewer Debt Voted 1.0100 Parks Debt Voted 0.6800 Sidewalk Debt Voted 0.8000 Rubbish Voted 0.7379 Proposed Fiscal Year 2021-2022 Budget Information The City Council will be holding a Public Hearing on the proposed 2021-2022 Fiscal Year Budget at the Tuesday, May 18th Regular Council Meeting that will be held virtually. Below you will find the overview of the proposed funds and millage rates up for discussion. Proposed 2021-2022 Fiscal Year Budget Appropriation Resolution 2021-22 RECOMMENDED BUDGET Fund 101 - General Fund TOTAL ESTIMATED REVENUES 9,418,470 TOTAL APPROPRIATIONS 9,418,390 Fund 202 - Major Street Fund TOTAL ESTIMATED REVENUES 899,790 TOTAL APPROPRIATIONS 882,440 Fund 203 - Local Street Fund TOTAL ESTIMATED REVENUES 514,700 TOTAL APPROPRIATIONS 514,600 Fund 226 - Refuse Collection Fund TOTAL ESTIMATED REVENUES 1,116,660 TOTAL APPROPRIATIONS 1,100,000 Fund 248 - Downtown Development Authority TOTAL ESTIMATED REVENUES 190,390 TOTAL APPROPRIATIONS 165,710 Fund 271 - Library Fund TOTAL ESTIMATED REVENUES 537,090 TOTAL APPROPRIATIONS 524,370 Fund 301 - Debt Service Fund-R&I Bonds TOTAL ESTIMATED REVENUES 1,461,320 TOTAL APPROPRIATIONS 1,421,780 Fund 303 - Debt Service-Park Improvements TOTAL ESTIMATED REVENUES 281,070 TOTAL APPROPRIATIONS 271,740 Fund 304 - PENSION OBLIGATION BONDS TOTAL ESTIMATED REVENUES 1,113,550 TOTAL APPROPRIATIONS 1,113,540 Fund 305 - DEBT SERVICE - SIDEWALK BONDS TOTAL ESTIMATED REVENUES 327,580 TOTAL APPROPRIATIONS 308,460 Fund 402 - Sidewalk Fund TOTAL ESTIMATED REVENUES 200,000 TOTAL APPROPRIATIONS 200,000 Fund 502 - Senior Citizen Housing TOTAL ESTIMATED REVENUES 133,850 TOTAL APPROPRIATIONS 128,300 Fund 667 - Motor Equipment Fund TOTAL ESTIMATED REVENUES 608,240 TOTAL APPROPRIATIONS 607,900 MILLAGE RATES: Operating 9.3632 Rubbish 1.8721 Operating Voted 3.6892 Library 0.8617 Library Voted 0.2898 Bond Debt Voted 3.5100 Drain/Sewer Debt Voted 1.0100 Parks Debt Voted 0.6800 Sidewalk Debt Voted 0.8000 Rubbish Voted 0.7379 This press release was produced by the City of Clawson. The views expressed here are the author's own.