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Somerset Budget Hearing 2009

budget hearing notice

village of somerset

A Public Hearing is scheduled on the 2009 Village of Somerset Budget, Tuesday, November 18, 2008 at 7:00 p.m. at the Village Hall, 110 Spring Street, Somerset. A copy of the budget can be obtained at the Clerk's office or by calling 247-3395.

Village of Somerset 2009 Budget Summary

COMBINED GOVERNMENTAL FUNDS SUMMARY

2008

2007 Actual 10 2008 2009

Actual Months Budget Proposed

REVENUE

General Property Taxes $686,998 727,589 727,589 835,261

Special Assessments 20,876 30,388 47,128 15,714

Intergovernmental 589,022 320,794 510,991 566,749

Licenses & Permits 43,040 27,791 46,333 42,833

Fines, Forfeits

and Penalties 73,674 69,213 92,530 75,100

Loan Proceeds 178,661 1,089,156 29,467 -

Miscellaneous

Revenues 300,520 25,090 263,192 262,675

Total Revenue 1,892,791 2,290,021 1,717,230 1,798,332

EXPENDITURES

General Government $289,231 218,020 297,443 286,752

Public Safety 811,767 619,057 754,731 776,068

Public Works 419,270 313,832 386,403 426,081

Health & Human

Services 1,787 1,571 2,500 2,000

Recreation 263,710 238,596 234,610 261,432

Economic

Development 59,294 35,208 41,543 45,999

Total Expenditures 1,845,059 1,426,284 1,717,230 1,798,332

debt service Fund

Revenue

General Tax Levy $303,935 297,734 297,734 240,593

Expense

Debt 303,395 297,734 297,734 240,593

CAPITAL IMPROVEMENTS

Revenue

General Tax Levy $131,495 137,104 137,104 163,204

Other Revenue 50,865 - - -

Expense

Capital Improvement 176,628 70,461 137,104 163,204

impact fees

2007 2008 2008 2008

Fund Bal. Revenue Budget Expenses

revenue/Expense $1,282,366 84,248 30,000 54,901

10/30/08 Pamela Donohoe, Village Clerk

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