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<br />as funds were needed in the construction program. While interest costs will <br /> <br />reduce from year to year, such an amount will not be available in the next (1960- 61) <br /> <br />or followihg years. <br /> <br />A factor in the opening balance comparison is that the schools in their estimation <br /> <br />for 1958-59 as adopted, effective July 1, 1958, predicted a total revenue from <br /> <br />outside sources, exclusive of the cafeteria and textbook funds, of $433. 333.00. <br /> <br />Estimation at this the end of 1958- 59 shows that actual revenue received, or to be <br /> <br />received, for the year has been $417, 393.35. This has resulted in an unanticipated <br /> <br />revenue deficit of $15,939.65 which the general funds of the city have had to meet. <br /> <br />Similarly, real and personal property taxes are estimated to fall $6,000 short of <br /> <br />budget allowance in the current 1958-59 year. <br /> <br />Based on the comparison of the two budgets, the increase in revenue for the <br /> <br />coming year is: <br /> <br />Proposed for 1959-60 <br />Adopted 1958- 59 <br />Increase <br /> <br />$4,176,135.35 <br />3,987,402.42 <br />$ 188,732.93 <br /> <br />Of this additional revenue certain monies are specifically earmarked and directly <br /> <br />reflected by expenditure increases. All comparisons through these comments are <br /> <br />in reference to the adopted 1958- 59 budget, unles s otherwise indicated. <br /> <br />Schools - from State and others (excluding cafeteria and textbook funds). <br /> <br />1959-60 <br />1958-59 <br /> <br />$467,975.34 <br />433,333.00 <br /> <br />$ 34,642.34 <br /> <br />- 5 - <br />