Operating Budget 2025-2026

FINANCIAL SERVICES DEPARTMENT (continued)

2022/2023 Actual

2023/2024 Actual

2024/2025 Adopted

2024/2025 Projected

2025/2026 Proposed

FINANCIAL SERVICES

Utility Services Division: Collection percentage for utility bills

95.00% 0.04% 103,644

95.00% 0.03% 105,345

95.00% 0.06% 107,000

95.00% 0.05% 107,000

95.00% 0.04% 107,000

Write offs percentage

Number of electronic payments Electronic payments received Daily work orders performed by two employees Number of bills processed

$13,031,743 $12,785,584 $14,250,000 $14,250,000 $14,250,000

5,715

6,294

5,915

5,740

6,000

124,422 10,065

124,514 10,184

126,500 10,325

126,500 10,250

127,500 10,250

Number of meters

Accounting Division: Payroll direct deposits issued

$13,497,941 $13,661,337 $14,500,000 $15,965,000 $16,500,000

Payroll checks issued

$619,115

$529,593

$670,000

$555,500

$577,600

Employee benefit checks issued Accounts Payable checks issued Accounts Payable EFTs issued Procurement card transactions Meals/Lodging tax revenue Meals/Lodging tax collection percentage Real Estate tax revenue Real Estate tax collection percentage Business License tax revenue

$13,571,525 $13,895,802 $17,500,000 $17,125,000 $18,500,000 $24,552,846 $24,505,753 $30,000,000 $29,000,000 $28,000,000 $29,510,016 $26,143,215 $40,000,000 $28,500,000 $30,000,000

$741,422

$929,322

$860,000

$1,175,000 $7,500,000

$1,175,000 $7,500,000

$8,502,637

$9,267,485

$9,025,000

99.80%

99.64%

99.00%

99.00%

99.00%

$9,192,185 $11,100,060 $12,516,000 $10,693,600 $12,845,000

94.59%

94.84%

97.00%

95.00%

95.00%

$3,351,753

$3,527,346

$3,357,700

$3,514,200

$3,569,200

Business License tax collection percentage

99.95% 165,142

99.98% 166,821

99.00% 180,000

99.90% 175,000

99.00% 175,000

Number of payments received

Payments Received

$87,094,102 $88,154,205 $87,500,000 $88,250,000 $88,250,000

Payments received electronically Total payments received electronically Purchasing Division: Purchase order volume (two employees)

73.00%

75%

75.00%

76%

76%

$64,061,458 $66,476,879 $66,000,000 $66,750,000 $67,500,000

$21,972,814

$21,00,000 $27,000,000 $27,000,000 $21,000,000

Supplies issued from the Town warehouse

N/A

N/A

N/A

N/A

N/A

Surplus sold by the Town

$124,112

$116,000

$120,000

$120,000

$116,000

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