Town of Broadway Fiscal Year 2013 Budget May 21, 2012

Expenditures Overview % change from previous year General Fund$1,453, % Water Fund$505, % Sewer Fund$2,624, % Total Expenditures$4,583, %

Revenues Overview General Fund$1,453, % Water Fund$505, % Sewer Fund$2,624, % Total Revenue$4,583, %

General Fund Highlights Revenue Real estate rate remains unchanged at $.07 Meals tax a significant source of revenue and continues to climb Sales tax continues to rise moderately for the second straight year. Personal Property revenue remain steady Proposing cigarette tax to close gap $1.00 per month trash increase

General Fund Revenues

General Fund Highlights Expenditures Most significant change is street maintenance State mandated 5% employee purchase retirement, offset with raise Continue with 5 year plan at Community Park, which includes exterior renovations at Community Center Mandatory LODA insurance for police Added debt service for library, rock lot, PD

General Fund Expenditures

Water Fund Revenue Proposed 15% increase – equates to $5.51 per billing cycle for average user Proposed $1,000 increase in connection fees Connection Fees collections are projected to remain stable Overall revenue projected to increase by 12.20%

Water Fund Revenues

Water Fund Expenditures Overall expenses decreasing for the second consecutive year – 1.69% Continue purchasing average 50k gallons per day of water from Co-op Minor capital improvements at plant, wash water valve, valve replacements downtown No debt

Sewer Fund Revenues No increase in user rates Propose increase $1,000 connection fees Connection fees steady Sludge removal revenue ongoing but decreasing due to amount generated; sludge expenses also decrease

Sewer Fund Revenues

Sewer Fund Expenditures Fairly consistent with current year Second consecutive year of decreasing expenditures, -2.45% Minor capital improvements and contingency built in Hope to use this year as solid baseline for future expenditures moving forward

Summary Revenue General Fund$1,453,000 Water Fund$505,800 Sewer Fund$2,624,700 Total Revenue$4,583,500 Expenditures General/Admin$471,000 Public Safety$346,500 Highways$304,000 Parks$105,400 Sanitation$185,000 Water Fund$505,800 Sewer Fund$2,624,700 Total Expenditures $4,583,500