Town of Broadway

2005 Fiscal Year Budget

Expenditures Overview

General Fund $643,546 10.28%

Water Fund 309,399 -.29%

Sewer Fund 331,486 .45%

Capital Improvements 28,500 -33.63%

Total Expenditures $1,312,931 5.0 %

Percent Change from Last Year

Revenue Overview

General Fund $669,131 11.12%

Water Fund 312,800 -.79%

Sewer Fund 331,000 -.6%

Total Revenue $1,312,931 5%

Percent Change from Last Year

General Fund Revenue HighlightsReal estate and personal property tax rates unchangedZoning fees continue to increase - growthIDA proceeds increasing – Pleasant ViewTrash and recycling fees increasing – now break evenUse of money and property continue to be low because of interest ratesLaw Enforcement funding increasing from state – based on populationNo reserve funds will be used to balance the general fund budget

General Fund Expenditures Highlights

Operational spending steady, while drastically decreasing capital expendituresAdministration:Administration: bond payment on maintenance building, VRS, Transfer to water, health insurance, donationsPublic Safety:Public Safety: only increase is VRSStreets:Streets: Streetlight electricity, beautification, snow removal

Continue

Sanitation:Sanitation: increased due to new housing and pick-ups

Capital Expenditures:Capital Expenditures: last payment on police vehicle

General Fund Expenditures

50%3%

10%

31%

6%

Administration Public Safety StreetsSanitation Capital Expenditures

Water Fund Revenue Highlights

Total revenue .79% decrease

Moving from 70/30 to 80/20 allocation

Connection fees continue to play significant role in revenue due to growth

North Fork of the Shenandoah River

Water Fund Revenue

9%63%

2%6%

20%

Charges for Service Connection Fees Transfer InInterest Lease Fees

Water Fund Expenditures Highlights

Operational expenditures steady – only 3.3% increase

No capital expenditures

Council members and staff last year

at the Plains Mill

Spring

Sewer Fund Highlights

Increased revenue from new proposed rate structure

Largest expenditure is Sheaffer payment

Sewer fund becoming less dependent on water fund subsidy

Sheaffer Treatment Plant

Sewer Fund Revenue

74%

3%23%

Charges for Service Connection Fees Interest

Sewer Rate Increase

Broadway sewer rates continue to be much well below average for the area.

The state average is $18.77 per month for using 5,000 gallons

Broadway will be $13.71 per month for using 5,000 gallons

Town 5,000 gallons

New Market

$28.23*

Elkton 18.00

Grottoes 17.25

Bridgewater

17.05

Dayton 15.80

Broadway

13.71

Timberville

10.00

Sewer Rates by Town per Month

*trash fees are included

Trash and Recycling Fee

$12.00$10.81

$9.25$8.33

$6.50 $6.32

$0.00

$2.00

$4.00

$6.00

$8.00

$10.00

$12.00

$14.00

Harrisonburg BridgewaterElkton TimbervilleBroadway Grottoes

Trash and recycling fees now cover expense incurred by the town.

Still well below average in comparison to neighboring jurisdictions

Revenue:Revenue:

General Fund $669,131

Water Fund 312,800

Sewer Fund 331,000

Total Revenue $1,312,931

Expenditures:Expenditures:

General Fund:

General/Administrative $330,626

Public Safety 205,420

Highways 38,500

Sanitation 69,000

Enterprise Funds:

Water, Operations $309,399

Sewer, Operations 331,486

Capital Improvements:

General Fund $20,500

Water Fund 5,000

Sewer Fund 3,000

Total Expenditures $1,312,931