With total 2013-14 fiscal year (FY) revenues projected to be $2,318,400 and total FY 2013-14 expenditures budgeted at $2,311,104, the City of Brookfield should finish the fiscal year that just began on October 1 $7,296 to the good (i.e., in the black). FY 2013-14 total revenues are $882,567 less than the $3,200,967 projected in FY 2012-13.
The General Fund, the City of Brookfield’s primary source of operating revenue, will have $67,309 in revenue less than what was budgeted in fiscal year (FY) 2012-13; General Fund revenue was budgeted at $2,385,709, and FY 2013-14 General Fund revenue is budgeted at $2,318,400.
The General Fund provides revenue for a variety of municipal departments, including Administration, Police and Fire, Legal/Judicial, Streets, Building and Grounds, Emergency Management, Garage, Code Enforcement, and Solid Waste.
As total General Fund revenues for FY 2013-14 are projected at $2,318,400 and expenditures are anticipated to be $2,311,104, the General Fund will be in the black by $7,296.
The largest General Fund expenditures will continue to be for public safety, with Police Dept. expenditures budgeted at $987,054 and Fire Dept. expenditures budgeted at $67,341, for a total of $1,054,395.
The next highest General Fund expenditure projected for the fiscal year that just began on October 1 will be $426,792 for street repair and maintenance. That is $1,362 less than what was budgeted for streets in FY 2012-13, a very slight difference.
The third highest General Revenue expenditures projected for FY 2013-14 are for Administration ($315,032), followed by Solid Waste expenditures, which are anticipated to be $220,500. With regard to Solid Waste, Advance Disposal has recently purchased Veolia Environmental Services and will be presenting a more complete accounting of changes in costs to the City during next month’s Council meeting. A proposal to reduce the residential rate by 50 cents a month was suggested by representatives of Advance Disposal during the Citizen Comments portion of this month’s Brookfield City Council meeting, but as they weren’t on the meeting agenda, a more complete picture of cost changes will have to wait until the next Council meeting on October 22 at 6 p.m.