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City of DeWitt 2017-2018 Budget

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City of DeWitt Budget

2017-2018

FUND

REVENUE
EXPENDITURES
General Fund: $ 3,108.386
$ 3,108,386
Major Street Fund: $    203,230
$    305,999
Local Street Fund: $    234,744
$    277,123
Enterprise Fund: $ 1,129,403
$ 1,203,254
Motor Pool: $    216,855
$    218,402

 
            GENERAL FUND
           

At the April 11, 2017 City Council Meeting, the City Council adopted the Fiscal Year 2017-2018 budget for all city funds. The budget will act as the City's financial plan for the period of July 1, 2017 - June 30, 2018.

The Millage rate to support the General Fund will remain at 13.00 mills which is $13.00 per $1,000 of taxable property value. Based on the City's total taxable value for this budget year, property taxes will generate $1,862,149 for the General Fund. Property taxes will remain the largest source of revenue for the General Fund with State Revenue Sharing the second largest source at $370,883. Total revenues for General Fund in Fiscal Year 2017-2018 are $3,108,386. Total expenditures for the General Fund in Fiscal Year 2017-2018 are $3,108,386.

                                                                            

MAJOR STREET FUNDS

  • $30,000 has been scheduled for payment on the bonds for Wilson Street.


LOCAL STREET FUNDS

  • $200,000 for street resurfacing for residential streets. The following streets are scheduled for resurfacing: a portion of South Geneva, Lucerne, Alpine and Larkwood.

 

ENTERPRISE FUND

(Water and Sewer Fund) includes

  • Quarterly sanitary sewer charges per residential equivalent unit will change from $67.00 per REU to $67.67 per quarter.  This quarterly charge covers the maintenance and capital expenses associated with operating the sanitary sewer system.
  • $350,994 as payment to Southern Clinton County Municipal Utilities Authority for operating and maintaining the sanitary sewer system. 
  • $15,000 for hydrant replacement and $25,000 for sanitary sewer relining, jet vactoring and sewer line root foaming.

MOTOR POOL FUND

  • $218,402 for the replacement of a Police Patrol Car, 4x4 Truck and Truck Hoist.