Ordinance 05-2020 – FY2021 Budget – Approved
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This document is Ordinance 05-2020 approving the Town of Centreville’s final Fiscal Year 2021 budgets for the General Fund and the Enterprise Fund. The General Fund shows total revenues and expenses of $4,715,695, with major revenue sources including Property Taxes $2,370,652 and Local Income Taxes $1,140,172, and major operating expenses for General Government $1,004,436, Public Safety $1,426,743, and Roads $1,081,688. The General Fund also lists Capital Projects of $3,936,879, Debt Service of $432,969, and a Transfer to Fund Balance of $345,847. The Enterprise Fund totals $2,319,283 in revenues and expenses, driven by Sewer usage charges $1,110,804 and Water usage charges $984,256; enterprise expenses include Sewer $630,882, Water $658,957, Debt Service $797,721, a cost transfer from the General Fund of $270,531, and a transfer to fund balance of (69,623).
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TOWN OF CENTREVILLE FISCAL YEAR 2021 FINAL GENERAL FUND OPERATING BUDGET/With 20% allocation of costs REVENUES Property Taxes $ 2,370,652 Local Income Taxes 1,140,172 Intergovernmental Revenue 300,735 Licenses and Permits 140,200 Charges for Services 393,000 Miscellaneous Revenue Other 340,736 Investment Earnings 30,200 Subtotal Revenues $ 4,715,695 Transfers In from Permanent Fund - TOTAL REVENUES $ 4,715,695 EXPENSES A10 Legislative $ 47,513 A70 Planning & Zoning 74,300 A81 Municipal Buildings 49,425 A92 General Government 1,004,436 B10 Public Safety 1,426,743 B22 Emergency Services 45,000 C11 Roads 1,081,688 C22 Solid Waste 306,400 D10 Parks & Recreation 68,080 H40 Main Street 37,500 H60 Cemetery 33,895 H90 Watershed 12,430 Cost Transfer to Enterprise Funds (270,531) Net of Redspeed Revenues/Expenses 20,000 Capital Projects $ 3,936,879 Debt Service A81 Municipal Buildings 45,346 C11 Roads 359,842 D10 Park/Marina 27,780 432,969 Transfer to Fund Balance 345,847 TOTAL EXPENSES $ 4,715,695 FY21 Budget - Approved Page 1 06/11/2020 TOWN OF CENTREVILLE FISCAL YEAR 2021 FINAL ENTERPRISE FUND OPERATING BUDGET/With 20% allocation of costs REVENUES Usage Charges Sewer $ 1,110,804 Water 984,256 Allocation Fees Sewer 62,474 Water 36,698 Farm Revenue 50,000 Service Charges Equipment & Installation 4 ,600 Late Penalties & Fines 30,450 Investment Earnings 40,000 2,319,283 TOTAL REVENUES $ 2,319,283 EXPENSES Sewer $ 630,882 Water 658,957 Farm 30,815 General Insurance - Cost Transfer from General Fund 270,531 1,591,185 Capital Projects - - Debt Service Sewer $ 441,471 Water 356,250 797,721 Transfer to Fund Balance ( 69,623) TOTAL EXPENSES $ 2,319,283 FY21 Budget - Approved Page 2 06/11/2020