Millage Per $1,000 General Fund 3.25

BUDGET SUMMARY

Town of Lake Placid - Fiscal Year 2021-2022

THE PROPOSED OPERATING BUDGET EXPENDITURES OF TOWN OF LAKE PLACID ARE -1.0% LESS THAN LAST YEAR TOTAL OPERATING EXPENDITURES


TOTAL

GENERAL SPECIAL INFRAST. ENTERPRISE CAPITAL FUNDS BUDGET FUND REVENUE FUND WATER /

ESTIMATED REVENUES: FUND WATER /WASTEWA / SANIT/CEM WASTEWATER


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Taxes: Millage Per $1000


Ad Valorem Tax 3.25

781,538

781,538

Sales and Use Taxes

693,707

342,078

1,035,785

Maintenance Fees

31,369

31,369

Charges for Services

4,450

3,097,584

3,102,034

Intergovernmental Revenue

33,283

33,283

Revenue sharing program

93,458

93,458

Grants

142,801

142,801

Licenses & Permits

3,200

3,200

Fines & Forfeitures

23,154

23,154

Recreation Fees

9,500

9,500

Franchise Fees

215,000

215,000

H. County Government - Recreation

110,000

110,000

H. County Government - Tax Increment

48,398

48,398

Interest Earned/Other

9,000

3,500

8,000

4,000

24,500

TOTAL SOURCES

2,198,859

345,578

3,105,584

4,000

5,654,021

Interfund Transfers in

52,733

85,140

196,030

26,000

359,903

Fund Balance

Reserves/Net Assets

119,644

0

219,932

339,576


TOTAL REVENUES & TRANSFERS


2,371,236


430,718


3,521,546


30,000


6,353,500



EXPENDITURES/EXPENSES:

General/Government

329,522

329,522

Public Safety

943,216

943,216

Physical Environment

50,000

965,518

1,015,518

Transportation

366,835

366,835

Community Redevelopment Agency

66,795

66,795

Debt Services

128,230

128,230

Utilities

2,353,465

2,353,465

Human Services

56,334

56,334

Recreation & Culture

522,917

522,917

Horticulture

141,951

141,951

TOTAL EXPENDITURES/EXPENSES

2,371,236

50,000

3,503,547

0

5,924,782

Fund Balance

0

0

0

30,000

30,000

Reserves/Net Assets

0

380,718

18,000

0

398,718

TOTAL APPROPRIATED EXPENSES

2,371,236

430,718

3,521,547

30,000

6,353,500

AND RESERVES

THE TENTATIVE, ADOPTED, AND/OR FINAL BUDGETS ARE ON FILE IN THE OFFICE OF THE ABOVE MENTIONED TAXING AUTHORITY AS A PUBLIC RECORD.