MONROE - Details of Monroe 2013 budget heading to the Common Council for approval in late November show that, while expenditures are going down, so are the city's revenue sources.
The Finance and Taxation Committee is proposing a tax levy of $6.134 million, just a quarter percent, or $16,000, down from last year. That's almost equal to the 2012 levy of $6.150.
But to maintain that levy amount, city staff and the committee had to reduce total operating expenditures by more than $400,000 compared to 2012, because revenues are expected to be down by more than $300,000.
That still leaves a gap of $326,000 in operating expenses over revenues. Last year that gap was $424,000.
Under the spending plan, expenses in 2013 will total $9.9 million, down 4 percent from $10.3 million in 2012. Revenues total $9.6 million, down 3.2 percent from $9.9 million in 2012.
The city expects to receive $2.35 million from state aids, down $80,850 from $2.43 million last year.
It is also expecting about $20,000 less in public charges for services, from $668,000 down to $648,000.
Staff had applied about $850,000 from undesignated funds so far. About $120,000 went to help cover debt service and about $700,000 went to some capital projects. City Administrator Phil Rath said the city has about $1.5 million left in undesignated funds that will most likely be applied to capital projects planned for the next five years.
Of the $6.13 million in levied taxes for next year, $5.8 million is applied to cover regular expenses, $89,000 will cover capital projects, and $237,000 will cover debt.
Public safety expenses, at $3.6 million, went down 2.3 percent, or $84,400. Public works, at $2.7 million, went down $3.3 percent, or $92,800. General government expenses, at $1.6 million, went up 3 percent, or $46,400. Culture, recreation and education remained about the same at $1.2 million.
The water utility relies on user fees and is not included in the general operating budget.
The Common Council is expected to take up the budget for approval, following a public hearing Tuesday, Nov. 20.
The Finance and Taxation Committee is proposing a tax levy of $6.134 million, just a quarter percent, or $16,000, down from last year. That's almost equal to the 2012 levy of $6.150.
But to maintain that levy amount, city staff and the committee had to reduce total operating expenditures by more than $400,000 compared to 2012, because revenues are expected to be down by more than $300,000.
That still leaves a gap of $326,000 in operating expenses over revenues. Last year that gap was $424,000.
Under the spending plan, expenses in 2013 will total $9.9 million, down 4 percent from $10.3 million in 2012. Revenues total $9.6 million, down 3.2 percent from $9.9 million in 2012.
The city expects to receive $2.35 million from state aids, down $80,850 from $2.43 million last year.
It is also expecting about $20,000 less in public charges for services, from $668,000 down to $648,000.
Staff had applied about $850,000 from undesignated funds so far. About $120,000 went to help cover debt service and about $700,000 went to some capital projects. City Administrator Phil Rath said the city has about $1.5 million left in undesignated funds that will most likely be applied to capital projects planned for the next five years.
Of the $6.13 million in levied taxes for next year, $5.8 million is applied to cover regular expenses, $89,000 will cover capital projects, and $237,000 will cover debt.
Public safety expenses, at $3.6 million, went down 2.3 percent, or $84,400. Public works, at $2.7 million, went down $3.3 percent, or $92,800. General government expenses, at $1.6 million, went up 3 percent, or $46,400. Culture, recreation and education remained about the same at $1.2 million.
The water utility relies on user fees and is not included in the general operating budget.
The Common Council is expected to take up the budget for approval, following a public hearing Tuesday, Nov. 20.