Town of Germantown

                                                                         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, November 10, 2020 at 5:30 P.M., 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 2021 Budget.

BUDGET SUMMARY FOR THE TOWN OF GERMANTOWN

            2020      Impact Fee Deposits and Interest January 1 – October 31, 2020, $70,400.00  Interest $1,607.58

                                                                        2020                                    2021                                % Change

ANTICIPATED REVENUES:                            

               State Shared Revenue                                      $  13,442.91                        $  13,442.91                       0.00%

               Transportation Aides                                       $194,603.40                        $195,707.16                      0.567%

               Municipal Services Aid                                   $    2,147.57                        $    2,147.57                        0.00%   

               License Revenue                                              $    4,200.00                        $    3,900.00                        -7.14%

               Building Permits Fees                                     $  23,100.00                        $  21,800.00                     -5.6277%

               2% Fire Dues                                                    $  14,242.85                        $  14,242.85                        0.00%

               Fires/Forfeitures                                               $       500.00                        $       250.00                        -50%

               Interest                                                              $  10,500.00                        $  10,000.00                        -4.76%

               Other Intergovernmental Revenues                $  27,115.31                        $  25,846.11                     -4.68%

               Charges for Services including Hall Rental   $  10,060.00                        $    5,250.00                     -47.813%

               Other                                                                 $  13,782.86                        $    3,250.00                       -76.419%

               Land Use/MFL                                                 $    9,032.60                        $           0.00                           -100%  

               Special Assessments                                        $  36,200.00                        $  36,200.00                        0.00%

               Taxes:  General Levy                                      $561,039.00                        $575,584.00                          2.59%                   Unassigned Net Assets                                    $ 173,076.02                      $           0.00                         -100%

TOTAL REVENUES                                                         $1,093,042.52                    $907,620.60                        -16.96%

PROPOSED EXPENDITURES:                                              

               General Government                                       $204,625.09                        $200,365.88                       -2.08% 

               Public Safety                                                    $246,994.40                        $253,742.42                        +2.73%

               Public Works                                                    $333,742.10                        $319,692.82                        -4.209%

               Health and Human Services                            $         50.00                        $         50.00                        0.00%

               Conservation/Development                            $  28,668.17                        $  18,000.00                      -37.21%

               Culture/Recreation/Education                         $  18,200.00                        $    4,000.00                     -78.02%

               Other- refunds                                                  $    3,000.00                        $           0.00                          -100%

               Capital Outlay                                                  $  36,785.00                        $    2,500.00                        -93.20%

               Debt Service                                                     $139,846.09                        $109,019.48                        -22.04%

               Misc. Expense                                                  $       250.00                        $       250.00                           0.00%

               Reserve for Future Purchases                          $  80,881.67                        $           0.00                        -100%

TOTAL EXPENDITURES                                                $1,093,042.52                    $907,620.60                        -16.96%