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Show Revised 1981-1982 Budget Hearing Set for May 6 Revenue from taxes was budgeted at $1,439,944 last June and will apparently come in according to revisions revis-ions at $1,439,622 or about $300 less. Although sales and transportation taxes were up around $60,000 this year the increases were off-set by franchise taxes that came in around $60,000 under projections. The City apparently budgeted the tax based on a higher rate but forgot to raise the rates to the intended level, according to the City's Finance Director, Direct-or, John Nelson. In the area of licensing, $317 was budgeted based on the eventual business license fee revisions. Because those A public hearing has been scheduled for Thursday, May 6 to discuss revisions to Park City's 1981-82 fiscal budget. Since revenues and expenditures in many cases have exceeded initial budgetary budge-tary projections it is necessary neces-sary for the City Council to amend Park City's financial blueprint so that it reflects what has been actually received and spent. The revised budget is in a very preliminary form at present and will become more concrete prior to the May 6 hearing. Basically it shows that although revenues reve-nues were up the windfall was largely taken care of by similar increases in expenditures. revisions were only recently made and license bills just mailed, it is anticipated only $234,035 will be actually collected this period. Building and Planning related rela-ted revenues were budgeted at $582,300 but are running around $890,000 in actuality. An estimated $135,000 in reimbursements for rebill-able rebill-able services provided has amounted to nothing as far as the general fund is concerned because they have been transferred to a separate account for collection collect-ion and eventual reimbursement reimburse-ment back to the general fund. Intergovernmental grants originally budgeted at $70,-755 $70,-755 have come in at $31,000 because the City never received an estimated $34,-000 $34,-000 in class C road allotments. allot-ments. Charges for various city services like recording platts and cemetary plot sales have come in at $9,300 when only $2,900 was anticipated. Recreation Department fees are up around $1,000 over original projections. In the "fines" department revenues are up from $67,-200 $67,-200 budgeted to $132,200 actual largely because of an unanticipated $65,000 community com-munity development block grant. Under "misc." the City will probably receive $134,300 opposed to the $58,475 budgeted. That is because the City earned $80,000 on cash deposits and not the $35,000 they expected. expect-ed. In all Park City received almost $300,000 more than expected. On the expense side of the balance sheet, the City spent almost $400,000 more than they thought. The heaviest increases were in the areas of general government where expenses are anticipated to run $647,-130 $647,-130 opposed to the $459,958 budgeted figure. The biggest single increase there is in legal services which were budgeted at $30,000 and are running now around $212,-000. $212,-000. City Manager Arlene Loble said those additional , expenses have arisen from defending the City in law suits and the creation of municipal ordinances. According Ac-cording to Loble those functions were previously performed by the City Attorney and now they are for the most part being contracted out to private legal firms. The public safety budget is around $50,000 over projections project-ions largely because of the expense of contracting out planning services to private firms. The planning budget exceeds original estimates by $156,000. On the other hand, engineering expenses are running around $84,000 less than expected. More on the revised budget will be released next week. |