1. Town of Broadway
Fiscal Year 2020 Budget
May 7, 2019

2. Revenues Overview % Change from Previous Year
General Fund $1,988, %
Water Fund $732, %
Sewer Fund $3,621, %

3. Water Plant Upgrade

4. 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.

5. General Fund Revenues

6. 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.

7. General Fund Expenditures

8. Water Fund Revenue
No fee increases proposed.

9. Water Fund Revenues

10. 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.

11. 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.

12. Sewer Fund Revenues

13. 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.

14. Summary FISCAL YEAR 2020 BUDGET FY 2020 Revenue: Proposed General Fund
$ ,988,500
Water Fund
$ ,500
Sewer Fund
$ ,621,500
Total Revenue
$6,342,500
Expenditures:
General Fund:
General/Administrative
$ ,900
Public Safety
$ ,600
Highways & Streets
$ ,000
Parks & Recreation
$ ,000
Sanitation
$ ,000
Debt Service
$ ,000
Enterprise Funds:
Total Expenditures