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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 /> State Aid,
<br /> $13,552,552,6%
<br /> Local Receipts,
<br /> $12,164,750,6%
<br /> Tax Levy,
<br /> $168,509,344 , ui 11101 011,11111,
<br /> 80% �nr�p��k��N��' � „� Available Funds,
<br /> � moo $15,541,028,7%
<br /> Capital Stabilization
<br /> Fund,$324,500,0%
<br /> Enterprise Receipts,
<br /> $1,674,112,1%
<br /> Revenue Category Projected Amount %of Total
<br /> Tax Levy $168,509,344 80%
<br /> State Aid $13,552,552 6%
<br /> Local Receipts $12,164,750 6%
<br /> Available Funds $15,541,028 7%
<br /> Capital Stabilization Fund $324,500 0%
<br /> Enterprise Fund $1,674,112 1%
<br /> Total General Fund Revenues $211,766,286 100%
<br /> Less Revenue Offsets -$1,983,047 N/A
<br /> Net General Fund Revenues $209,783,239 N/A
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