The Appanoose County Board of Supervisors met in regular session Monday at 9 a.m. in the Boardroom of the Courthouse with all present and voted to approve an amendment to the fiscal year 2014 budget and to approve the proposed fiscal year 2015 budget estimate.
• The amendment to FY 2014 budget:
The FY 2014 budget amendment revenues and expenditures equal each other at $27,253. On the revenue side is county taxes/TIF tax revenues at $1,977; intergovernmental at $1,276; and general long-term debt proceeds at $24,000. On the expenditure side is public safety and legal services at $3,253; and debt service at $24,000.
The board in January approved a budget amendment for fiscal year 2014 that increased revenues by $39,526 and increased expenditures by $1,028,361.
• The proposed FY 2015 budget estimate:
The budget estimate for fiscal year 2015, which starts July 1, 2014 and runs through June 30, 2015, shows total revenues at $9,827,744 and total expenditures at $11,155,780.
The county’s total ending fund balance will take a hit yet again. Since fiscal year 2013 the county’s ending fund balance has declined by more than $3 million.
The total ending fund balance in fiscal year 2013 was $7,906,324; in fiscal year 2014 it was $6,179,798; and the estimate for fiscal year 2015 is $4,851,762.
Since FY 2013, net current property taxes collected has increased by more than $220,000. In FY 2013, net current property taxes collected was $3,332,492; for FY 2015 it is estimated at $3,554,163.
The budget estimate’s proposed tax rate per $1,000 taxable valuation for urban areas is $8.93352 and for rural areas is $12.03352.
Seven out of nine expenditures and other finance uses for FY 2015 are estimated to increase since FY 2013 with several in double digits.
Public Safety and Legal Services up by 8.82 percent; Physical Health and Social Services up by 17.73 percent; County Environment and Education up by 20.45 percent; Roads and Transportation up by 4.82 percent; Government Services to Residents up by 16.94 percent; Administration up by 3.61 percent; and Debt Service up by 4.93 percent.