City Budget & Fiscal Trends

The budget is one of the most important operations that a City performs.

Budgeting is not merely a legal requirement or a plan for raising and spending money. The budget is the City's means of describing in monetary terms the various services and priorities which it performs during the fiscal year. The City's fiscal year begins October 1st and ends September 30th. The budget can be divided into four main categories or Separate funds. The General Fund is generally the most discussed or well known fund of the City and it is this fund that is financed through the collection of taxes, licenses and permits, fines and fees. The departments in the general fund do not have their own source of revenue nor are they self sufficient. These departments relay on the collection of taxes to operate. Departments financed in the General Fund include: The City Council and Manager, Police, Fire, Ambulance, Street maintenance, Planning/Zoning, The Hall of Waters and Museum, Municipal Court, Senior Center and Transportation. Special Revenue Fund accounts for Park/Recreation, the Sales Taxed funds - Capital Improvements and Transportation Trust,

Construction Services, TIF- Tax Increment Financing, NID- Neighborhood Improvement Sistricts, and Grants. These activities are included in the Special Revenue Fund because they are supported by special revenue that are logally designated for their purposes and cannot be spent for other purposes. Project Funds are for one-time construction projects or equipment purchases where each project's cost can be tracked for compliance to budget limitations and requirements. Current projects are Water Plant Expansion, Fire Station and Equipment, capital equipment purchases. Enterprise Fund revenues are generated through the operation of the Water and Sewer departments, Golf, Airport and Refuse. It is these departments that charges the user for the cost of services. No tax revenues ar eused in these operations. Questions about the City's annual budget may be answered by calling the city Finance Director at 630-0760. Copies of the budget can be viewed in the offices of the Finance Department or Public Library. How does budgeting for a government differ from that of private industry? Government Private Industry Tax Increases must be approved. Rates may be adjusted to meet by a vote of the people demands &/or cost factors. Funds are used to benefit the owners and citizens of the community. Many funds received must be All funds recieved may be used to used for a specific purpose support other business operations (i.e. Capital Improvements Sales Tax may not be used to pay a Police Officer's salary) Budgets attempt to allocate a Budgets are designed to provide a scarce resource (cash) to desired profit level to satisfy its' various operations owners There is seldom enough cash There is usually sufficient cash to pay to accomplish all needed dividends &/or bonuses if desired activities

What trend data is available for the City of Excelsior Springs? General Fund Revenues by Source General Fund Expenditures by Function Parks & Recreation Capital Improvements Transportation Trust Property Tax Rates Ratio of Debt to Assessed Value Assessed & Estimated Actual Value of Taxable Property

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