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O-87-2298 - 9/24/1987ORDINANCE NO. 2298 AN ORDINANCE APPROVING AND ADOPTING A BUDGET FOR THE CITY OF ROUND ROCK, TEXAS, FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 1987, AND ENDING SEPTEMBER 30, 1988, DIRECTING THE CITY SECRETARY TO FILE A TRUE COPY OF THE BUDGET WITH THE COUNTRY CLERK OF WILLIAMSON COUNTY, TEXAS. WHEREAS, the City Manager of the City of Round Rock, Texas, has heretofore submitted, in accordance with the state law and the City's Charter, a budget for said City, for the fiscal year beginning October 1, 1987, and ending September 30, 1988; WHEREAS, proper and timely notice that a public hearing on such budget would be held on September 10, 1987, was given and made in accordance with the law and within the time limits set forth by law; and WHEREAS, such public hearing was held in accordance with law on September 10, 1987, prior to both readings of this ordinance; and BE IT ORDAINED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS THAT That attached budget for the fiscal year beginning October 1, 1987, and ending September 30, 1988, is hereby in all things approved and adopted and it shall be effective as of October 1 1987. The City Secretary is directed to file a certified copy of this ordinance along with a true copy of the attached budget with the County Clerk of Williamson County, Texas. READ and APPROVED on first reading this the 10th day of September, 1987. READ, APPROVED and ADOPTED on second reading this the 24th day of September, 1987. MIKE ROBINSON,Mayor City of Round Rock, Texas E LANE, City Secretary DATE: September 22, 1987 SUBJECT: Council Agenda, September 24, 1987 ITEM: 11A - Consider an ordinance adopting the 1987-88 Budget. (Second Reading) STAFF RESOURCE PERSON: Bennett, Huey Three significant things have occured since the first reading. 1) Tax collection rate has been increased from 92% to 94.5%. 2) 1/2 of the sales tax windfall is proposed for general fund expenditure. 3) $350,000 of the projected growth in the general fund ending balance is proposed to be spent in the general fund. Result: Ad valorem taxes will be lowered .5% to 42.5c/100 from 42.69/100. THE CITY OF ROUND ROCK, TEXAS FISCAL YEAR 1987-1988 PROPOSED BUDGET GENERAL FUND AND UTILITY FUND TOTAL FUNDS AVAILABLE: GENERAL FUND UTILITY FUND CRF ADVANCE FUNDING TOTAL FUNDS AVAILABLE TOTAL USES OF FUNDS: GENERAL FUND UTILITY FUND ROAD FEE RESERVE MOTEL TAX RESERVE SALES TAX RESERVE NEW PERSONNEL RESERVE MERIT PAY RESERVE CAPITAL RECOVERY FEE RESERVE TOTAL USES OF FUNDS COMBINED ENDING FUND BALANCE 1986-87 1987-88 $9,197,372.20 8,079,733.00 3,600,000.00 $10,181,676.00 8,009,067.00 0.00 $20,877,105.20 $18,190,743.00 $8,777,400.00 7,590,271.00 0.00 0.00 0.00 0.00 0.00 3,600,000.00 $9,285,719.00 7,451,100.00 65,000.00 24,000.00 290,625.00 50,000.00 75,000.00 0.00 $19, 967,671.00 $17,241,444.00 -1- Property Tax Rate analysis comparing the 1/2 cent sales tax increase AD VALOREM TAX COLLECTIONS - based upon an assessed valuation of: $1,188,000,000.00 Add "save and accepts" 33,000,000.00 Total assessed valuation $1,221,000,000.00 1 2 3 4 Maintenance/operations Debt Service -Proposed- 1986-87 1987-88 1987-88 (with sales tax) (if no sales tax) 22.4500 cents 19.4140 cents 21.9040 cents 20.2400 cents 23.0860 cents 23.0860 cents Total Tax Rate 42.6900 cents The Property Tax Rate (column 3) is proposed for fiscal year 1987- 42.5000 cents 44.9900 cents This rate is reduced by 2.49 cents with $290,625 in extra sales tax revenue. The proposed tax rate (column 3) represents an 8.27. decrease from the effective tax rate calculation of 46.325 cents The proposed tax rate (column 3) represents a .4457. decrease from Fiscal Year 1986-87 tax rate of 42.69 cents. Sales Tax collections are calculated below: Estimated collections for 1987-88 @ 1 cent Add amount anticipated for 1/2 cent ($1,550,000 x .5 x 9/12) Total estimated collections Less amount reserved for future use (1/2 of estimated receipts) Total estimate available for use —2- $1,550,000.00 581,250.00 $2,131,250.00 290,625.00 $1,840,625.00 CITY OF ROUND ROCK 1987-88 PROPOSED BUDGET IMPLICATIONS OF SALES TAX EXPENDITURES This model presents expenditures of the 1/2 cent Sales Tax collection in varying amounts. Each case illustrates the net effect on the Ad Valorem tax rate. Total estimated available for expenditure is $581,250. 1. Spend 0 2. Spend 1/3 3. Spend 1/2 4. Spend all to reduce the tax rate to reduce the tax rate to reduce the tax rate to reduce the tax rate 4 The proposed rate is 42.50 cents (line 3 above) AD VALOREM TAX RATE ADJUSTMENTS If this item is deleted: 1. Over -65 exemption increase(450 accounts @ $5,000) 2. Computer System 3. Economic Development Coordinator 4. Total effect of above items (1-3) General Fund Budget Effect on Dollar Value Tax Rate $0.00 $193,750.00 $290,625.00 $581,250.00 General Fund Budget Dollar Value $9,322.00 $18,525.00 $12,500.00 $40,347.00 - 3 - 2.49 cents (1.66)cents (2.49)cents (4.98)cents Effect on Tax Rate (0.08)cents (0.16)cents (0.11)cents ($0.35)cents Rate (column 4, prior page) Net Rate + 44.99 = + 44.99 = + 44.99 = + 44.99 = 47.48 43.33 42.50 40.01 Proposed Adjusted Rate Rate + 42.5 = + 42.5 = + 42.5 = + 42.5 = 42.42 42.34 42.39 42.15 GENERAL FUND REVENUES FUND 10 DEPARTMENT 00 ACCOUNT ACCOUNT NUMBER TITLE 4101 BEGINNING BALANCE 8350,000.00 $455,464.00 $746,'�7L.00 4109 TAXES -CURRENT I&S 1 5,000.00 $291,908.00 4110 TAXES -CURRENT M&O 2,381,992.00 2,782,164.00 4400,172.00 4111 TAXES -DELINQUENT 1,945,590.00 2,355,077.00 2,235,947.00 ($119,130.00) 4112 GROSS RECEIPTS -GAS CO. 60,000.00 75,000.00 90,000.00 $15,000.00 4113 GROSS RECEIPTS-S.W. BELL 45,902.00 44,815.00 45,000.00 $185.00 4114 COMMUNITY SERVICES COUNCIL 30,000.00 38,750.00 39,000.00 $250.00 4115 PENALTY & INT. DELINQ. T0.00 0.00 0.00 16 000.00 $0.04 4116 INTEREST INCOME 20,000.00 25,000.00 85,000.00 4117 PENALTY & INT. -CURRENT T 200,000.00 165,000.00 185,000.00 $20,000.00 4118 PAYMENTS IN LIEU OF TAXES 15,000.00 15,000.00 24,000.00 $9,000.00 4119 BLASTING LICENSE 0.00 0.00 0.00 $0.00 4120 BEER LICENSES 500.00 500.00 200.00 ($300.00) 4121 GROSS RECEIPTS-T.P.L.1,400.00 1,641.60 1,000.00 ($641.60) 4124 GROSS RECEIPTS TAX -CABLE 315,000.00 378,913.00 378,000.00 ($913.00) 4125 GARBAGE COLLECTION15,363.00 19,600.00 20,000.00 $400.00 4126 DOG LICENSES & CLAIMING 101,000.00 127,627.00 128,000.00 $373.00 4127 RURAL FIRE FEES 5,500.00 5,174.40 5,2{}0,00 $25.60 4128 SWIMMING POC( RECEIPTS4,124.00 4,124.00 4,124.00 $0.00 4129 FIRE PROTECT. FEES-$9LUE 30,000.00 30,000.00 30,000.00 $0.00 4130 GARBAGE COLLECTION LICENSE 5,200.00 20,143.20 20,250.00 $106.80 4133 SWIM POOL CONTRACT - RRISD 3,300.00 2,600.00 2,600.00 $0.00 4134 RECREATION PROGRAMS - ACQUATIC 4.00 0.00 7,800.04 $7,804.04 4135 RECREATION PROGRAMS0.00 0.00 15,000.00 $15,000.00 4136 FINES -POLICE DEPARTMENT 45,000.00 42,000.00 45,000.00 $3,000.00 4137 BLDG. REINSPECTION FEE 200,000.00 250,000.00 305,000.00 $55,000.00 4138 BUILDING PERMITS0'00 4,000.00 4,000.00 $0.00 4139 ROAD IMPROVEMENT FEE 185,000.00 100,000.00 85,000.00 (815,000.00) 4140 TRANSFER FROM UTILITY FUND 150,000.00 96,328.80 65,000.00 ($31,328.80} 4141 REVEL SHARING TRANSFER 400,000.00 500,000.00 500,000.00 80.00 4142 CAPITAL PROJECT FUND TRF (437) 100,000.00 0.00 0.00 $0.00 4143 SPORTS LEAGUES FEES 42,000.00 0.00 0.00 $0.00 4144 CITY SALES TAX0.00 45,409.00 45,000.00 ($409,00) 4145 STATE HIGHWAY LIGHTS 1,868,519.00 1,540,000.00 2,131,250.00 $591,250.00 4146 REPRODJCTION DOCUMENTS 8,000.00 5,000.00 5,600.00 $600.00 4147 PLAT RECORDING 0.00 0.00 0.00 $0.40 4148 BALL FIELD LIGHTS 9,000.00 3,967.20 4,000.00 $32.80 4149 MOTEL TAX 2,032.00 15,856.00 15,000.00 ($856.40) 4150 FILING FEES 42,000.00 42,000.00 42,000.00 $0.00 4151 STREET CUTS 100,000.00 20,000.00 20,000.00 $0.00 4152 ELECTRICAL LICENSE FEE3,000.00 1,920.00 1,500.00 ($420.00) 11,000.00 23,980.00 18,000.00 (85,980.00) 1987-88 1985-1986 1986-1987 1987-88 VARIANCE FROM ACTUAL BUDGETED PROJECTED PRIM YEAR -4- FUND 10 DEPARTMENT 00 1987-88 ACCOUNT ACCOUNT 1985-1986 1986-1987 1987-88 VARIANCE FROM NUMBER TITLE BUDGET AMT BUDGETED PROJECTED PRIOR YEAR 4155 BLASTING PERMITS $1,000.00 1,000.00 300.00 ($700.00) 4157 BANKING FRANCHISE TAX 23,904.00 24,000.00 22,000.00 ($2,000.00) 4158 AERIAL MAPS 4,500.00 2,160.00 1,800.00 ($360.00) 4159 RENTAL INCOME 3,720.00 2,200.00 2,200.00 $0.00 4160 AUCTION PROCEEDS 3,000.00 0.00 2,000.00 $2,000.00 4161 MISCELLANEOUS REVENUE 6,096.00 40,000.00 25,000.00 ($15,000.00) 4162 CLAIMS AND JUDGEMENTS 0.00 240,000.00 0.00 ($240,000.00) 4164 POLICE DEPT. - MISC REVENUE 6,000.00 5,416.80 5,000.00 ($416.80) 4165 REPRODUCTION - PLATS 5,000.00 2,628.00 2,600.00 ($28.00) 4166 MIXED DRINK TAX 15,000.00 15,400.00 15,000.00 ($400.00) 4169 CIVIL DEFENSE GRANT REIMS. 5,582.00 8,080.00 8,080.00 $0.00 4172 LIBRARY FIDS 9,228.00 8,625.60 9,550.00 $924.40 4173 LIBRARY - PHOTOCOPY FEES 2,618.00 3,907.20 4,582.00 $674.80 4174 LIBRARY FEES - NON RESIDENT 5,500.00 6,500.00 8,287.00 $1,787.00 4175 LIBRARY - LOST BOOR CHARGES 0.00 722.40 650.00 ($72.40) 4176 LIBRARY -LITERACY GRANT 0.00 3,500.00 0.00 ($3,500.00) 4177 LIBRARY -MISCELLANEOUS 0.00 1,000.00 2,770.00 $1,770.00 4178 ROAD DISTRICT IMPROV. FEE 0.00 0.00 0.00 $0.00 4183 SUBSCRIPTION LISTS 250.00 250.00 250.00 $0.00 4191 FEDERAL GRANT -BICENTENNIAL BKSHLF 0.00 500.00 0.00 ($500.00) 4251 OTHER FINANCING SOURCE - CAPITAL LEASE 0.00 0.00 0.00 $0.00 TOTAL GENERAL FUND REVENUES $8,356,494.00 -5- 59,197,372.20 $10,181,676.00 3984,303.80 SUMMARY OF BUDGETED EXPENDITLJES 1 2 3 4 5 6 DEPRTMNT DEPT 1985-86 BUDGET 1986-87 BUNT 1987-88 BUDGET 1987-88 BUDGET TITLE REQUEST REQUEST REQUEST VARIANCE FROM (REVISION 4/87) PRIM YEAR GENERAL FUND/10 1012 COUNCIL/MGR $222,876.00 $224,335.00 $220,026.00 ($4,309.00) 1013 LEGAL 214,889.00 135,104.00 152,297.00 17,193.00 1014 PLANNING 239,548.00 250,027.00 246,478.00 (3,549.00) 1015 D.P. 45,885.00 47,369.00 46,994.00 (375.00) 1016 BLDG INSP 172,944.00 126,174.00 103,847.00 (22,327.00) 1017 FINANCE 177,458.00 234,807.00 227,199.00 (7,608.00) 1018 CITY HALL 113,617.00 219,290.00 368,800.00 149,510.00 1019 MISCL 603,413.00 515,378.00 559,774.00 44,396.00 1020 LIBRARY 242,480.00 261,659.00 267,514.00 5,855.00 1021 POLICE 1,078,859.00 1,244,992.00 1,293,230.00 48,238.00 1022 FIRE 774,529.00 858,535.00 872,339.00 13,804.00 1023 PARD 674,524.00 708,342.00 679,437.00 (28,905.00) 1025 PUB WKS 438,058.00 373,002.00 356,5::.00 (16,414.00) 1026 STREETS 854,076.00 759,106.00 757,299.00 (1,807.00) 1028 SHOP 208,309.00 192,891.00 181,831.00 (11,060.00) 1029 MUNICIPAL COURT 0.00 98,333.00 105,106.00 6,773.00 1030 DEBT SRVC/TRANSFERS 1,955,666.00 2,528,056.00 2,846,960.00 318,904.00 TOTAL $8,017,131.00 $8,777,400.00 $9,285,719.00 $508,319.00 RESERVES - ROAD FEE 65,000.00 RESERVES - MOTEL TAX 24,000.00 RESERVES - SALES TAX(1/2 CENT) 290,625.00 RESERVES - NEW PERSONNEL 25,500.00 RESERVES - MERIT PAY 60,000.00 ENDING FUND BALANCE $339,363.00 $419,972.20 NOTES TO PROPOSED BUDGET FISCAL 1987-88 1. Three new personnel have been budgeted: 1. Municipal Court Warrant Clerk 2. Purchasing Agent/Utility Office Mgr (funded 1/2 year) 3. Economic Development Coordinator $430,832.00 2. Merit pay increases have been proposed at 37. (To be effective April 1988 if funds are available) 3. Sixteen positions approved under last year's budget have been frozen and are not funded under this budget —6— GENERAL FUND/10 CITY HALL DEPARTMENT/18 CITY HALL BLDG LEASE TELEPHONE EXPENSE POWER AND LIGHT JANITORIAL OFFICE SUPPLIES POSTAGE BUILDING REPAIRS OFFICE EQUIP REPAIRS COPIER MAINTENANCE/LEASE OTHER TOTAL GENERAL FUND/10 MISCELLANEOUS DEPARTMENT/19 COMPUTER LEASE WMSN CO HEALTH UNIT DAY CARE FACILITY TAX DISTRICT EXPENSE TAX COLLECTION EXPENSE (RRISD) LEASE PYMTS LIABILITY/PROPERTY INSURANCE WORKER COMPENSATION INSURANCE UNEMPLOYMENT INSURANCE MOTEL TAX TRANSFER TO CHAMBER CONTINGENCY MAINTENANCE CONTRACT -COMPUTER PARKING LOT LEASE(LUERSON) LONGEVITY OTHER TOTAL GENERAL FUND/ 10 DEBT SERVICE DEPARTMENT/30 TRANSFER FOR I&S DEBT CAPITAL LEASE PAYMENTS (est) 1986-87 BUDGET 1987- :+: REQUEST $95,000.00 $270,000.00 28,000.00 13,200.00 25,000.00 17,100.00 11,000.00 8,161.00 12,650.00 15,000.00 12,000.00 14,000.00 12,000.00 5,300.00 exclude annex 6,723.00 6,000.00 10,790.00 13,254.00 6,127.00 6,785.00 NOTES increase far full year lease lease purchase system proration of casts to depts proration of costs to depts $219,290.00 $368,800.00 $855.00 $18,525.00 28,500.00 28,500.00 23,600.00 24,000.00 85,000.00 92,000.00 49,164.00 49,164.00 10,100.00 0.00 91,693.00 127,595.00 74,990.00 89,590.00 10,980.00 17,761.00 19,000.00 18,000.00 65,500.00 37,200.00 11,772.00 11,500.00 6,159.00 6,487.00 31,746.00 34,233.00 6,319.00 5,219.00 $515,378.00 $559,774.00 2,426,992.00 0.00 2,787,630.00 59,330.00 additional copier 1/2 first year lease of new system (see also fnd allows for anticipated bdgt increase' moved to debt service anticipate increase in rates anticipate increase in rates GENERAL FUND EXPENDITURE HIGHLIGHTS UTILITY FUND EXPENDITURE HIGHLIGHTS ADMIN/12 Miscl LEGAL/13 Assistant attorney BUILDING INSP/16 Frozen positions/clerk trfr CITY HALL/18 New building lease Telephone (lease/purchase) Power and light (new buildings) Computer System Tax district expense General Liability Insurance Workman's Comp Insurance Unemployment Insurance Contingency Fund LIBRARY/20 Computer maintenance(new system) Other POLICE/21 Salaries to market (full year impact) Professional pay/benefits (4/88 if funds avail.) Telephone (system purchase) Fuel, new vehicles, repairs Filing system FIRE/22 Professional pay/benefits (4/88 if funds avail.) Other PARKS/23 Frozen positions and related benefits Power and Light Contracted staff Other PUBLIC WORKS/25 Frozen positions/benefits SHOP/28 Frozen positions/benefits MUNICIPAL COURT/29 Criminal justice fund All other 1987-88 REQUEST (net) COLLECTIONS/10 (4,000.00) Telephone lease purchase Power and light Insurance(gen liab)-trfr proper share Computer system lease/purchase 17,000.00 Rate study not funded WATER PLANT/11 (18,000.00) Reserve water/Stillhouse Insurance(gen liab)-reduce to actual Raw water Contingency R&M Plant Equip Chemicals Other 175,000.00 (14,800.00) 10,500.00 18,525.00 7,000.00 35,900.00 14,600.00 6,780.00 (28,300.00) 13,000.00 (9,000.00) 32,000.00 5,020.00 (8,000.00) 5,000.00 2,800.00 WATER SYSTEM SUPPORT/12 Power and light WATERLINE MAINTENANCE/13 Capital Outlay reduced WASTEWATER TREATMENT PLANT/14 Power and light Sludge disposal Chemicals R&M Plant Capital outlay WASTEWATER SYSTEM SUPPORT/15 Power and light Capital outlay 9,143.00 All other 4,000.00 TOTAL (24,000.00) 8,000.00 (10,600.00) (2,000.00) (14,000.00) 3 .max IPC' (11,000.00) 5,000.00 (36,153.00) TOTAL 189,415.00 1987-88 REQUEST (net) (3,500.00) 5,000.00 to Gen fnd (30,000.00) 18,525.00 (20,000.00) 19,500.00 (28,000.00) 11,400.00 (10,000.00) (10,000.00) (4,000.00) 6,700.00 (15,000.00) (16,133.00) (32,000.00) (32,700.00) (10, 00.0 ) (13,000.00) (11,240.00) (8,500.00) (6,000.00) (4,934.00) (193,:+:2.00) WATER & WASTEWATER UTILITY FIND REVENUES FUND 20 DEPARTMENT 00 ACCOUNT ACCOUNT NUMBER TITLE - BEGINNING BALANCE - CRF RESERVES 4100 WATER COLLECTIONS 4101 BEGINNING BALANCE 4102 SEWER COLLECTIONS 4110 INTEREST INCOME 4120 WATER TAPS - $200 4121 WATER SERVICE FEE - $150 4122 WATER INSP & METER SETTING FEE 4123 SEWER TAPS - $200 4124 SEWER SERVICE FEE - $150 4125 INSPECTION - $100 4130 RECONNECT CHARGES 4143 OVERSIZE UTILITY LN COLL. 4144 MISCELLANEOUS REVENUE 4145 CHANDLER CRK INT OVERSIZE 4146 METERS & FITTINGS SALES 4147 CAPITAL RECOVERY FEE 4401 OTHER CONTRACT WATER SALES -MUD II TOTAL UTILITY FIND REVENUES UTILITY RATE CONSIDERATIONS WATER MINIMUM WATER VOLUME RATE PROJECTED REVENUES SEWER MINIMUM SEWER VOLUME REVENUE PROJECTED REVENUES NET CHANGE IN REVENUE 1985-1986 1986-1987 BUDGET AMT BUDGETED 0.00 $1,081,292.0 $2,100,000.00 2,627,400.00 993,767.00 314,215.00 1,630,000.00 1,707,316.00 300,000.00 350,000.00 4,000.00 2,000.00 150,000.00 90,000.00 82,160.00 27,500.00 4,000.00 2,000.00 150,000.00 87,500.00 83, 640.00 25, 00.0 7,000.00 13,510.00 0.00 0.00 16,544.00 13,000.00 0.00 0.00 0.00 7,000.00 1,474,602.00 5,200,000.00 0.00 132, 00.00 $6,995,713.0 CURRENT RATE 5.75 1.55 2,713,158.00 5.75 1.62 1,866,362.00 0.00 $11,679,733.00 1987-88 PROJECTED $1,166,865.0 2,713,158.00 739,462.00 1,866,362.00 360,000.00 1,000.00 60,000.00 26,500.00 1,000.00 39,750.00 26,500.00 9,000.00 0.00 15,000.00 0.00 2,000.00 769,500.00 212,970.0 SINGLE FAMILY HOUSING STARTS In city limits 265 Outside city 135 Annual total estimate 400 Monthly estimate in city 22 Monthly estimate o/s city 11 Monthly actual (current) 16 (in city only) $8,009,067.00 1987-88 VARIANCE FROM PRIOR YEAR $885,573.00 $85,758.00 $425,247.00 $159,046.00 $10,000.00 ($1,000.00) ($30,000.0) ($1,00.0) ($1,000.0) ($47,750.0) $1,50.0 ($4,510.0) $0.00 $2,000.00 $0.00 ($5,00.00) ($4,430,50.0) $80,970.00 ($3,670,666.00) SUMMARY OF BUDGETED EXPENDITURES 1 2 3 4 5 6 DEPARTMNT DEPT 1985-86 BUDGET 1986-87 BUDGET 1987-88 BUDGET 1987-88 BUDGET TITLE REQUEST REQUEST REQUEST VARIANCE FROM (REVISION 4/87) PRIOR YEAR UTILITY FUND/20 2010 UTIL COLL $327,248.00 $445,543.00 $413,372.00 ($32,171.00) 2011 WATER PLANT 1,793,812.00 907,438.00 896,948.00 (10,490.00) 2012 PLNT SUPT 630,721.00 604,404.00 (26,317.00) 2013 WATER LINES 401,501.00 375,949.00 (25,552.00) 2014 SWR PLNT 552,983.00 770,184.00 653,752.00 (116,432.00) 2015 PLNT SPT 87,011.00 71,108.00 (15,903.00) 2016 SWR LINES 114,045.00 147,028.00 32,983.00 2030 DEBT SRVC/TRANSFERS 4,047,856.00 4,233,828.00 4,288,539.00 54,711.00 TOTAL $6,721,899.00 $7,590,271.00 $7,451,100.00 ($139,171.00) RESERVES - MUD 9 CRF 3,600,000.00 0.00 RESERVES - NEW PERSONNEL 0.00 24,500.00 RESERVES - MERIT PAY 0.00 15,000.00 ENDING FUND BALANCE $273,814.00 $489,462.00 $518,467.00