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APPROPRIATION COMMITTEE - 2017 ATM
<br />As a result of the set -aside and allocation process described above, it was determined in January that approx-
<br />imately $8,000,000 in incremental revenue was available to be applied to the FY2018 operating budget, an
<br />increase of 6.6% from last year, and that the increase would be allocated 73.7% to the school department and
<br />26.3% to municipal departments. The school department and municipal departments have each developed
<br />their respective proposed FY2018 operating budgets within these parameters, providing for level service
<br />without the need for an operating override.
<br />The FY2018 Budget
<br />The key components of currently estimated FY2018 revenues are shown in the following chart:
<br />FY2018 Projected General Fund Operating Revenues
<br />Total: $211,766,286 (Excluding Revenue Offsets)
<br />Tax Levy,
<br />$168,509,344 ,
<br />80%
<br />State Aid,
<br />$13,552,552 , 6%
<br />Local Receipts,
<br />$12,164,750 , 6%
<br />111 111111111111111111111111110mill11
<br />Available Funds,
<br />$15,541,028 , 7%
<br />Capital Stabilization
<br />Fund, $324,500 , 0%
<br />Enterprise Receipts,
<br />$1,674,112 , 1%
<br />Revenue Category
<br />Projected Amount
<br />% of Total
<br />Tax Levy
<br />$168,509,344
<br />80%
<br />State Aid
<br />$13,552,552
<br />6%
<br />Local Receipts
<br />$12,164,750
<br />6%
<br />Available Funds
<br />$15,541,028
<br />7%
<br />Capital Stabilization Fund
<br />$324,500
<br />0%
<br />Enterprise Fund
<br />$1,674,112
<br />1%
<br />Total General Fund Revenues
<br />$211,766,286
<br />100%
<br />Less Revenue Offsets
<br />- $1,983,047
<br />N/A
<br />Net General Fund Revenues
<br />$209,783,239
<br />N/A
<br />5
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