1. Town of Broadway
Fiscal Year 2018 Budget
May 2, 2017

2. Revenues Overview % Change from Previous Year
General Fund $1,868, %
Water Fund $634, %
Sewer Fund $3,455, %

3. Wastewater Plant Upgrade

4. General Fund Highlights Revenue
Real estate rate remains unchanged at $.07.
Sales tax continues to steadily rise each year. This is anticipated to continue with the new Wal-Mart and commercial development in the County.
Personal Property revenue remain steady.
No increases in any tax or fee.

5. General Fund Revenues

6. General Fund Highlights Expenditures
Street Maintenance continues to account for a significant portion of fund.
Springbrook Road improvements planned.
No additional employees planned.
Baseball field lights.

7. General Fund Expenditures

8. Water Fund Revenue No proposed increase as of July 1.
Reevaluate following financial analysis from Davenport.

9. Water Fund Revenues

10. Water Fund Expenditures
Overall operating expenses decreasing by 22.6%, primarily due to reallocation of PW salaries.
Decrease water consumption from co-op.
Continue implementation of new touch read water meters.
Minor capital improvements at water plant.
No debt.

11. Sewer Fund Revenues No user fee increases to Broadway residents.
Negotiated increases for larger customers as of July 1.
Large decrease in revenue due to construction being completed at the wastewater plant.

12. Sewer Fund Revenues

13. Sewer Fund Expenditures
Construction will be complete prior to July 1.
Significant on-going expenses include: utilities, sludge removal, chemicals and debt service.
Misc. line work and new truck for plant.

14. Summary FISCAL YEAR 2018 BUDGET FY 2018 Revenue: Proposed General Fund
$ ,868,100
Water Fund
$ ,500
Sewer Fund
$ ,455,200
Total Revenue
$5,957,800
Expenditures:
General Fund:
General/Administrative
$ ,800
Public Safety
$ ,000
Highways & Streets
$ ,000
Parks & Recreation
$ ,800
Sanitation
$ ,000
Debt Service
$ ,500
Enterprise Funds:
Total Expenditures