Page 34 - Town of Bedford FY 2018-2019 Budget.pdf

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NOTICE
S SYNOPSIS OF BUDGET FOR FISCAL YEAR JULY 1, 2018 TO JUNE 30, 2019YNOPSIS OF BUDGET FOR FISCAL YEAR JULY 1, 2018 TO JUNE 30, 2019
TOWN OF BEDFORD, VIRGINIA

NOTICE IS HEREBY GIVEN THAT A PUBLIC HEARING WILL BE HELD BY THE TOWN COUNCIL TUESDAY, MARCH 27TH AT 7:00 PM IN THE COUNCIL
CHAMBERS OF THE TOWN MUNICIPAL BUILDING IN RELATION TO THE BUDGET FOR THE TOWN OF BEDFORD FOR FISCAL YEAR 2018-19, AT WHICH
TIME ANY CITIZEN OF THE TOWN SHALL HAVE THE RIGHT TO ATTEND AND STATE HIS OR HER VIEWS. DETAILED COPIES OF THE BUDGET ARE
AVAILABLE FOR INSPECTION DURING NORMAL OFFICE HOURS IN THE OFFICE OF THE TOWN MANAGER AND THE OFFICE OF THE CLERK OF COUNCIL.
REVENUE EXPENDITURES
GENERAL FUND GENERAL FUND
Use of Prior Year Reserves 1,127,104 Legislative department 60,633
General property taxes 1,672,157 General & Financial Administration 951,362
Other local taxes 2,146,725 Judicial Administration 4,200
Permits & regulatory licenses 8,450 Public Safety 2,713,994
Fines & forfeitures 61,250 Public Works 3,902,595
Revenue from use of money & property 106,000 Education 75,000
Charges for services 1,000 Parks, Recreation & Cultural 33,050
Miscellaneous revenue 1,588,932 Community Development 199,050
Recovered costs 202,468 Non-departmental 11,200
State non-categorical 730,175 Debt Service 929,002
State categorical aid 1,405,925 Transfer to other funds 680,500
Non-revenue receipts 10,400 Contingency 0
Transfer from Electric Fund 500,000
TOTAL GENERAL FUND 9,560,586 TOTAL GENERAL FUND 9,560,586
SOLID WASTE FUND SOLID WASTE FUND
Refuse collection charges 641,056 General administration 134,202
Refuse disposal charges 222,852 Refuse collection 221,621
Revenue from use of money & property 8,500 Refuse disposal 439,456
Other revenue 6,750 Debt service 74,379
Transfer from General Fund 0 Transfer to other funds 9,500
Contingency 0
TOTAL SOLID WASTE FUND 879,158 TOTAL SOLID WASTE FUND 879,158
ELECTRIC FUND ELECTRIC FUND
Use of Prior Year Reserves 0 Supervision & Engineering 1,623,974
Revenue from use of money & property 307,000 Power generation 253,236
Sale of electricity 20,039,942 Purchased Power 16,499,878
Power cost adjustment 3,126,042 Transmission & Distribution 1,162,247
Gross receipts tax 232,500 Maintenance - Street Lights 22,000
Other non-revenue receipts 209,000 Maintenance - Meters 15,000
Recoveries & Rebates 84,000 Transmission & Substations 65,000
Meter Reading 55,578
Right of Way Crew 262,444
Distribution Transformers 40,500
Other Expenses 1,200
Debt Service 1,454,427
Transfer to Other Funds 2,543,000
Contingency 0
TOTAL ELECTRIC FUND 23,998,484 TOTAL ELECTRIC FUND 23,998,484
GENERAL CAPITAL PROJECTS FUND GENERAL CAPITAL PROJECTS FUND
Transfer from General Fund 680,500 Capital Outlay 680,500
TOTAL GENERAL CAP PROJ FUND 680,500 TOTAL GENERAL CAP PROJ FUND 680,500
SOLID WASTE CAPITAL PROJECTS FUND SOLID WASTE CAPITAL PROJECTS FUND
Transfer from Solid Waste Fund 9,500 Capital Outlay 9,500
TOTAL GENERAL CAP PROJ FUND 9,500 TOTAL GENERAL CAP PROJ FUND 9,500
ELECTRIC CAPITAL PROJECTS FUND ELECTRIC CAPITAL PROJECTS FUND
Transfer from Electric Fund 2,043,000 Capital Outlay 2,043,000
TOTAL ELECTRIC CAP PROJ FUND 2,043,000 TOTAL ELECTRIC CAP PROJ FUND 2,043,000

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