1. Revised 2015-2016 Budget Proposed 2016-2017 budget
City of Farmersville
Revised Budget
Proposed budget
July 26, 2016

2. 2016-2017 proposed budget All funds revenue vs. expenses
Net over Revenue
General Fund
3,314,297
3,339,065
(24,768)
Water Fund
1,182,736
1,331,479
(148,743)
Wastewater Fund
992,161
1,077,161
(85,000)
Electric Fund
4,047,985
Refuse Fund
547,315
Total Budget
10,084,494
10,343,005
(258,511)

3. Tax revenue history

4. General Fund Revenue Summary 2015-2016 Revised and 2016-2017 Proposed
Proposed Revenue
Revised Revenue
Revenue Source
Revenue Amount
Ad valorem Tax
616,968
Sales Tax
458,725
Franchise Fees
117,197
Licenses/Permits
26,100
Court
150,000
Misc & Rent
122,737
Interest
2.230
Transfers In
1,541,037 4B
61,591
Marketing
23,000
Fire Run Payments
111,427
Fund Balance
162,283
Total Revenue:
3,393,295
Revenue Source
Revenue Amount
Ad valorem Tax
728,270
Sales Tax
461,200
Franchise Fees
116,320
Licenses/Permits
37,000
Court
150,000
Misc. Rent
84,807
Interest
1,050
Transfers In
1,537,430 4B
63,793
Marketing
23,000
Fire Run Payments
111,427
Fund Balance
Total Revenue:
3,314,297

5. General Fund Expense Summary 2015-2016 Revised and 2016-2017 Proposed
Department
Revised Expenses
City Council
13,314
Administration
679,507
Court
187,315
Library
185,776
Civic Center
16,000
Police Dept
1,026,237
Fire Dept
324,201
Street Dept
370,681
Property & Buildings
191,846
Parks
296,297
Debt(Fire,PD ,Backhoe)
187,012
Total Expenses:
3,478,186
Department
Proposed Expenses
City Council
13,545
Administration
620,959
Court
194,905
Library
190,925
Civic Center
16,000
Police Dept
1,042,972
Fire Dept
301,511
Street Dept
414,102
Property & Buildings
131,565
Parks
248,975
Debt (Fire, PD, Backhoe)
163,606
Total Expenses:
3,339,065

6. General fund budget summary
Description
Budget
Actual
Revised
Proposed
TOTAL EXPENSES
3,201,091
3,393,295
3,339,065
TOTAL REVENUES
3,478,186
3,314,297
NET OVER REVENUES
(84,891)
(24,768)

7. Ad Valorem Tax Rate Calculations Preliminary Effective Tax Rate
PROPOSED (2016/2017)
Taxable Value 184,042,097
I&S
184,042,097
/$100
$709,681
M&O adj taxable value
178,096,301
/$100
$715,870
Preliminary Effective Tax Rate
/$100
$1,425,551