#3 2013 Macro Budget Projection
City of Janesville Budget Gap 6/11/2012
First
MacroCurrent Proposed
ProjectionProjectionBudget
Revenue Changes:
State Shared Revenues$ -
Transportation Aids (210,000)
Transfers In (TIF #3) (160,000)
Interest on Investments -
Permits and Fees 10,000
Water Utility Taxes (17,000)
Fire Department Service Fees 65,000
Wheeltax (50,000)
Subtotal for Revenue Changes$ (362,000)$ -$ -
Expenditure Changes:
Wages and Wage Driven Fringes$ -(1)
Health Insurance -
Fully Fund Partially Funded Positions 400,000
Elections (40,000)
Assessor Revaluation 40,000
Ice Skating Center Open Full Year 10,000
Ambulance Billing Contract 10,000
Animal Control -
Utility Increases 20,000
Vehicle Operations and Maintenance 30,000
Liability and Worker's Comp. Insurance -
Special Assessment Subsidy 350,000(2)
Subtotal for Expenditure Changes$ 820,000$ -$ -
Deficit w/o Levy Increase
$ 1,182,000
Max Levy Increase - Assumes 0.5% growth, and
.227% incresase from closure of TIF 3 & 16
210,000 - -
Additional Applied Fund Balance - - -
$ 972,000$ -$ -
Budget Gap
All union contracts expire 12/31/2012. Negotiations have not commenced and parameters have not been
(1)
established by the City Council.
This is a very preliminary number and will need further refinement.
(2)