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3-SRF Budget Summary
City of Otsego Special Revenue Fund Budget ‐ 2022 Revenue & Expenditure Summary Actual Actual Year‐to‐Date Budget Budget 2019 2020 2021 2021 2022 Revenues Property Taxes 60,816$ 56,491$ ‐$ 45,874$ ‐$ Tax Increments 97,419 275,445 ‐ 415,676 421,996 Investment Earnings 13,669 12,426 ‐ ‐ ‐ Subtotal 171,904 344,362 ‐ 461,550 421,996 Expenditures Personal Services 1,133 1,875 ‐ 1,500 1,500 Services & Other Charges 2,725 2,950 ‐ 7,500 7,500 Development Incentives 147,500 218,550 119,726 355,385 387,365 Transfer Out ‐ ‐ ‐ 71,648 ‐ Subtotal 151,357 223,375 119,726 436,033 396,365 Excess (Deficiency) of Revenues Over (Under) Expenditures 20,547$ 120,987$ (119,726)$ 25,517$ 25,631$ Description ‐ 50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000 500,000 2019 2020 2021 2021 2022 Actual Actual Year‐to‐Date Budget Budget Expenditures Revenues Item 3.1