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CCR2024.061-2025 Operating BudgetCOMMON COUNCIL - C'TY OF MUSKEGO RESOLUTION #061-2024 APPROVAL OF 2025 GENERAL FUND OPERATING BUDGET AND TAX LEVY BE IT RESOLVED That the Common Council of the City of Muskego, upon the recommendation of the Committee of the Whole, does hereby appropriate out of the receipts of the City of Muskego for the year 2025 including monies received from the General Property Tax Levy, to the various funds and purposes set up in the budget presented herewith for the purposes therein stated, the following amounts: SUMMARY OF REVENUE AND EXPENSE GENERAL AND DEBT BUDGET ESTIMATED BUDGET SERVICE FUNDS 2024 12/31/24 2025 TAXES $ 14,048,450 * $4,048,130 $ 14,261,838 INTERGOVERNMENTAL 2,851,559 2,955,182 3,018,462 LICENSES AND PERMITS 727,290 725,725 744,890 FINES, FORFEITURES AND PENALTIES 335,000 398,310 350,000 PUBLIC CHARGES FOR SERVICES 729,267 695,272 741,543 INTERGOVERNMENTAL CHRGS FOR 252,000 255,000 255,500 SERV MISCELLANEOUS 685,427 956,427 859,911 INTERDEPARTMENTAL CHRGS FOR 107,250 110,500 231,750 SERV TOTAL REVENUES $19,736,243 $20,144,546 $ 20,463,894 GENERAL GOVERNMENT $2,549,227 $2,498,433 $2,647,665 PUBLIC SAFETY 8,614,531 8,543,069 9,087,654 HEALTH AND SANITATION 3,850 3,831 3,831 PUBLIC WORKS 3,191,599 3,381,334 3,310,005 EDUCATION AND RECREATION 2,136,540 2,133,984 2,239,739 CONSERVATION AND DEVELOPMENT 242,496 247,393 267,430 CAPITAL OUTLAY 990,500 991,095 973,500 UNCLASSIFIED 90,000 - 94,000 DEBT SERVICE 3,389,350 3,394,850 2,480,455 TOTAL EXPENDITURES $21,208,093 $21,193,989 $ 21,104,279 TRANSFERS FROM OTHER 1,663,809 1,598,280 1,535,793 FUNDS/ADVANCES TRANSFERS TO OTHER FUNDS (191,959) (175,000) (895,408) TOTAL OTHER FINANCING $ 1,471,850 $ 1,423,280 $ 640,385 SOURCESIUSES *Taxes Revenue includes $14,215,038 property tax levy, which is 1.527% higher than 2024. ACTUAL ESTIMATED BUDGET 12/31 /23 12/31 /24 12/31 /25 FUND BALANCES GENERAL FUND $ 8,244,919 $ 8,560,826 $ 8,466,826 DEBT SERVICE TAX LEVY FUND 135,604 193,534 193,534 TOTAL FUND BALANCE $ 8,380,523 $ 8,754,360 $ 8,660,360 Resolution #061-2024 Page 2 BE IT FURTHER RESOLVED That the Special Revenue Funds budget for 2025 as attached is hereby approved. BE IT FURTHER RESOLVED That there is hereby levied a tax of $14,215,038 on all taxable property within the City of Muskego as returned by the City Assessor in the year 2024 for the uses and purposes set forth in the 2025 Budget. BE IT FURTHER RESOLVED That the City Clerk is hereby authorized and directed to spread this tax on the current tax roll of the City of Muskego. DATED THIS 22nd DAY OF OCTOBER, 2024. SPONSORED BY: we] ►►AI&Eel [f1611J►Eel lI This is to certify that this is a true and accurate copy of Resolution #061-2024, which was adopted by the Common Council of the City of Muskego. City Clerk 1 0/24sern BUDGET ESTIMATED BUDGET % CHANGE 2024 12/31/24 2025 (DECREASE) SPECIAL REVENUE FUNDS Revenues General property taxes 1,200,000 $ 1,375,451 $ 1,360,000 13.33% Intergovernmental revenues - State Computer Replacement & Operating grants 104,710 104,164 96,760 Public charges for services 3,025,335 4,063,265 3,950,824 Commercial revenues 147,761 274,994 635,197 Total Revenues $ 5,377,806 $ 5,817,875 $ 6,042,781 12.37% Expenditures $ 2,883,301 $ 3,227J32 $ 3,654,071 26.73% Excess of Revenues over (under) Expenditures $ 2,494,505 $ 2,590,742 $ 2,388,710 Other Financing Sources Uses Transfer to General Fund - - (91,681) Transfer to Debt Service Fund (1,253,809) (1,193,280) (935,113) Transfer to Capital Equipment Fund (1,500,000) (2,300,000) (1,700,000) Transfer from General Fund 100,000 175,000 180,000 Total Other Financing Sources (Uses) $ (2,653,809) $ (3,318,280) $ (2,546,794) 4.03% Excess of Revenues and Other Financing Sources over (under) Expenditures and Other Uses (159,304) (727,537) (158,084) Fund Balances, Beginning of Period 6,330,136 7,333,744 6,606,207 Fund Balance, End of Period $ 6,170,832 $ 6,606,207 $ 6,448,123 4,49% PLEASE NOTE: ](is possible that inenrbers of and possibly a quorum of members of other governmental bodies of the municipality may be in attendance at the above -stated meeting to gather information; no action will be taken by any governmental body at the above -stated meeting other than the governmental body specifically referred to above in this notice. Also, upon reasonable notice, efforts will be made to accommodate the needs ot'disabled individuals through appropriate aids and services. For additional information or to request this service, contact Muskego City Hall, (262) 679-4100.