5796-83 Approve Budget - Laserfiche WebLink

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i IPTSTRUCTZONS This Tax Budget Form is designed to include financial transactions of all municipal funds, based upon the municipal reporting system required for the Auditor of State. An attempt has been made to provide desig- nated space for the most important classified items. Space is also provided for ~v;ite-in of any funds or items not specified, and for identification of transfers. The Municipal Fiscal Officer should fill out Column I of Schedule A, and all detail required in Exhibits 1, 2 and 3. Exhibit 1 detail for the two actual years should be copied from the Workbook, Form No. 161, used in preparing the Annual Report to the Auditor of State. Actual year balances, receipt totals and disburse- ment totals by fund may also be checked against the Summary of Fund Transactions, pages 2 and 3 of the Annual Report, Form 162. Bond regisiers should provide the information needed for Exhibit Column I in- formation for Exhibit 3 and Schedule A is derived from Exhibits 1 and 2 All other data in Exhibit 3 should be completed in so far as possible. The Municipal Fiscal Officer should not fill out Schedule A (except Column I), Schedule B, or the County Budget Commission Certificate. For memoranda purposes after certification of tax rates subsequent to the November election, the Fiscal Officer may record the correct information by taxing district in the Exhibit 3 Reference Table of Total Tax Levies And Tax Rates. DEFINITIONS RECEIPTS: Money received from revenue and non-revenue sources. REVENUE: Yield from income sources such as taxes, charges, assessments, grants, fares, fines, licenses, permits, and interest earnings. • NON-REVENUE: Proceeds from the sale of bonds and notes, reimbursements, refunds, taxes col- lected for others, and transfers from other local funds. DISBURSEMENTS' Money paid out for expenditure and non-governmental purposes. EXPENDITURES; Expense for personal services, other operation & maintenance, capital improve- ments, and interest. PERSONAL SERVICES: Payments for salaries and wages only. OTHER OPERATION & MAINTENANCE: Payments for personnel benefits, fringe benefits, contractual services, materials and supplies, travel, and general upkeep of property or equipment. CAPITAL IMPROVEMENTS: Outlay for purchase of lands, buildings, furniture or equipment with an esti- mated life of 5 years,~or more, and a value of over $50. INTERESTS Payment of charges for money borrowed, but not for any debt principal. NON-GOVERNMENTAL: Amounts disbursed for debt principal redemption, refunds, reimbursements, and transfers to other local funds. TRANSFERS: Money conveyed from one local fund to another local fund. Each transfer should be identified, and transfers io funds must balance with transfers from funds. For example, money transferred from the income tax fund to the general fund would be shown as both an income tax fund non-governmental disbursement and a gen- eral fund non-revenue receipt