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Democracy on the Front Lines
City Administrator’s Blog
Walter Denton
June 20, 2007
Our fiscal year ended on April 30, and we have our final (unaudited) financial numbers. The City finished the year in the black for the 9th time in the last 10 years. Revenue was 8% more than planned/budgeted and Expenses were 8% less than planned/budgeted.
As a whole, we have been successful at staying within budget and giving good value for taxpayer dollars. Two areas that merit explanation: the Parks revenue contains money for the new Family Sports Park that was not spent by the years end, but is on schedule to be spent over the next few months. In addition, the Fire Department budget contains a large reserve that was not planned to be used in this fiscal year.
As a reminder, most of our revenue comes from sales tax (49%). Only 11% of your property tax bill goes to the City of O'Fallon, and only 6% of that goes to the General Fund. The General Fund pays for most of the City’s general services (police, streets, planning & zoning, code enforcement, finance). Here is another way to look at it: out of last year's $55 million budget, only $3 million came from property tax.
A summary of our year-end budget numbers is as follows:
Revenue |
Budget |
Actual |
% |
General |
$12,015,306 |
$13,077,620 |
109% |
Parks |
1,200,000 |
1,927,701 |
161% |
Library |
819,796 |
819,772 |
100% |
Fire |
885,504 |
607,745 |
69% |
EMS |
1,624,846 |
1,996,461 |
123% |
Water |
8,649,590 |
8,767,480 |
101% |
Sewer |
3,987,000 |
4,336,277 |
109% |
All Other |
25,921,523 |
28,172,288 |
109% |
Total Revenue |
$55,103,565 |
$59,705,344 |
108% |
|
|
|
|
Expense |
|
|
|
General |
$12,015,306 |
$12,069,201 |
100% |
Park |
1,200,000 |
1,184,550 |
94% |
Library |
819,796 |
661,984 |
81% |
Fire |
885,504 |
596,331 |
67% |
EMS |
1,624,846 |
1,604,197 |
99% |
Water |
8,649,590 |
7,617,434 |
88% |
Sewer |
3,987,000 |
3,202,550 |
80% |
All Other |
25,921,523 |
23,918,931 |
92% |
Total Expense |
$55,103,565 |
$50,855,178 |
92% |
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