Adopted Budget 2014
Summary of estimated revenues:
1. General Fund - non restricted
a. Estimated unappropriated funds from 2013 $356,575
b. Estimated 2014 revenue:
1. state turnback 7,417
2. county taxes - millage 30,000
3. misc. (utilities, permits, etc.) 6,500
4. franchise taxes 6,000
5. interest 125
6. county sales tax 78,000
7. deposits, rent 8,000
c. Sub-total 2014 estimated general revenue 492,617
2. Street Fund - restricted
a. Estimated unappropriated funds from 2013 $280,385
b. Estimated 2014 revenue:
1. state turnback 25,376
2. state turnback - highway construction 8,400
3. county taxes -millage 6,300
4. town sales tax 30,000
5. interest, misc. 125
c. Sub-total 2014 estimated street revenue $350,586
TOTAL 2014 ESTIMATED REVENUE AVAILABLE $843,203
Summary of estimated expenses:
1. General Fund
Administration costs $2,750
Assets 5,000
Association dues/membership; Hazmat; BC Alert 1,400
Attorney/legal defense 7,000
Avoca Fire & Rescue - station 1 3,000
Building(s) improvements/maintenance 4,000
Continued education 1,200
Council attendance; Mayor salary 12,000
District Court & Code Enforcement 2,000
Election costs 500
Insurance, workers comp 2,500
Misc. expenses 2,500
NEBCO EMS 3,000
Park & grounds improvements/expenses 25,000
Park committee 1,100
Payroll tax liability/expense 16,000
Property taxes 2,000
Recorder-Treasurer salary 27,456
Special projects 2,000
Utilities 8,500
Zoning & planning commission 5,000
Sub-total 2014 estimated general expenses $133,906
2. Street Fund
Advertising/publications $400
Assets 30,000
Engineering 5,000
Insurance 500
Maintenance supplies, tools, signs, misc. 2,000
Mowing, labor 35,000
Street and traffic lights 6,300
Street maintenance/construction 200,000
Truck, tractor, mower expenses 2,500
Sub-total 2014 estimated street expenses $281,700
TOTAL ESTIMATED EXPENSES 2014 $415,606
TOTAL SURPLUS 2014 $427,597

Avoca, Arkansas, P.O. Box 160 72711

 

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