Town of Broadway Fiscal Year 2020 Budget May 7, 2019

Revenues Overview % Change from Previous Year General Fund $1,988,500 -1.38% Water Fund $732,500 10.03% Sewer Fund $3,621,500 2.84%

Water Plant Upgrade

General Fund Highlights Revenue Real estate rate remains unchanged at $.07. Sales and meals taxes continue to rise each year. This trend is anticipated to continue. Personal Property and real estate revenue also steadily climbing. No proposed increases in any taxes or fees.

General Fund Revenues

General Fund Highlights Expenditures Street Maintenance continues to account for a significant portion of fund. Planned paving projects move forward. No additional employees planned. New police vehicle.

General Fund Expenditures

Water Fund Revenue No fee increases proposed.

Water Fund Revenues

Water Fund Expenditures Operating expenses will begin to decrease once new plant is fully on line. Complete water plant upgrade in the spring of 2019. Debt service of new plant.

Sewer Fund Revenues No increases to Broadway customers. Industrial customers, as well as New Market and Timberville rates increase July 1 per contracts. Pilgrims contract amendment currently underway and will also impact revenue.

Sewer Fund Revenues

Sewer Fund Expenditures New plant, no significant capital expenditures, other than possible Pilgrims project. Significant on-going expenses include: utilities, sludge removal, chemicals and debt service. Misc. line and repair work around Town.

Summary FISCAL YEAR 2020 BUDGET FY 2020 Revenue: Proposed General Fund $ 1,988,500 Water Fund $ 732,500 Sewer Fund $ 3,621,500 Total Revenue $6,342,500 Expenditures: General Fund: General/Administrative $ 567,900 Public Safety $ 510,600 Highways & Streets $ 521,000 Parks & Recreation $ 169,000 Sanitation $ 192,000 Debt Service $ 28,000 Enterprise Funds: Total Expenditures