Town of Germantown

Notice of Public Budget Hearing

Town of Germantown

Town Hall
N7560 17th Avenue
New Lisbon, WI 53950
December 5, 2022
6:00 p.m.

TOWN OF GERMANTOWN

NOTICE OF PUBLIC BUDGET HEARING

NOTICE IS HEREBY GIVEN that a Public Hearing on the proposed Budget for the Town of Germantown will be held on Tuesday, December 5, 2022 at 6:00 pm, AT THE COMMUNITY CENTER / TOWN ALL AT N7560 17TH AVE.   The proposed budget in detail is available for inspection at the Clerk’s Office from 7:30 a.m. to 3:30 p.m. Monday through Friday.  The following is a summary of the proposed 2023 Budget.

BUDGET SUMMARY FOR THE TOWN OF GERMANTOWN

2022       Impact Fee Deposits and Interest January 1 – October 26, 2022, $39,315.05  Interest $258.25

2022       Impact Fee Expenditures January 1 – October 26, 2022  $39,436.81

                                                                                                            2022                                       2023                                  % Change

ANTICIPATED REVENUES:                              

                Intergovernmental Revenues                                            $263,701.14                         $247,801.75                         -6.03%

                Licenses and Permits                                                          $27,618.32                           $28,600.00                           +3.55%

                Fines/Forfeitures                                                                  $200.00                                 $0.00                                      -100%

                Charges for Services                                                           $7,730.00                              $6,200.00                            -19.79%

                Interest Income                                                                    $1,000.00                              $1,000.00                              0.00%

                Other Revenue                                                                     $2,450.00                              $1,550.00                           -36.73%

                Other Financing Resources (including new loan)         $205,478.42                             $0.00                                     -100%

                Tax Related Income (Special Assessments)                   $46,167.01                               $45,936.13                           -0.5%

                Levy                                                                                       $591,782.00                         $629,565.00                         +6.38%

 TOTAL REVENUES                                                                              $1,146,126.89                        $959,619.82                   -16.27%                                                                                                                                                                                                                            

PROPOSED EXPENDITURES:                                                  

                Other State Payments (MFL to County)                          $564.77                                 $0.00                                      -100%

                General Government                                                          $235,261.57                         $202,063.59                       -14.11%

                Public Safety                                                                        $295,815.06                         $296,611.79                         +.27%

                Public Works                                                                        $355,113.72                         $328,249.84                         -7.56%

                Health and Human Services                                              $50.00                                   $50.00                                   0.00%

                Conservation/Development                                              $13,373.50                           $13,745.00                           -2.78%

                Culture/Recreation/Education                                          $8,101.05                              $4,500.00                           -44.45% 

                Other- refunds                                                                      $700.00                                 $600.00                              -14.29%

                Capital Outlay                                                                      $110,315.50                         $2,500.00                            -97.73%

                Debt Service                                                                         $126,681.72                         $141,149.60                      +11.42% 

                Misc. Expense                                                                      $150.00                                 $150.00                                 0.00%  

TOTAL EXPENDITURES                                                                   $1,146,126.89                        $989,619.82                      -13.66%                        

                                                                              1/01/2022              10/31/2022         Income          Expenses          Property Tax 

                                                                                Balance                 Balance            & interest                                contributions

                Bank of Mauston General Fund     $    339,423.45          $ 205,054.28  $   899,016.06   $ 1,033,385.23  $ 518,963.00 

                Municipal Court                                  $      11,259.33          $   11,341.48   $          272.15   $           190.00               0 

                Bank of Mauston Tax Account        $ 2,479,733.02          $     3,348.80   $ 3,241,589.60  $ 5,717,973.82              0

                Park Account                                     $    196,161.30          $ 161,584.50   $           132.61  $      34,709.41               0       

                Local Recovery Funds                        $      88,291.75          $  176,991.31  $     88,699.56   $              0                    0

                Impact Fees                                          $    358,328.95         $  358,465.44  $     39,573.30   $      39,436.81            0

                Debt Service                                     $    578,081.30          $  637,225.95   $  108,731.58  $     49,586.93     $  59,144.65