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Town of SharpsburgFY 2008-09

Budget Presentation

Prepared byRobert E. Masters Jr.Town Administrator

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Town of Sharpsburg Annual Budget Message

Fiscal Year 2008-09

TO: Honorable Sheila WilliamsBoard of Commissioners

FROM: Robert E. Masters Jr. , Administrator/ Budget Officer DATE: June 3, 2008  RE: Budget Message

In accordance with the North Carolina Local Budget and Fiscal Control Act, the Town of Sharpsburg Budget Ordinance for the fiscal year beginning July 1, 2008 is presented herewith for your review and consideration. On the date the Budget is submitted to the Board of Commissioners, a copy was filed in the Office of the Town Clerk where it shall remain for public inspection until adoption. North Carolina General Statutes (GS 150-13(a)) direct that the Budget Ordinance and Tax Rate adoption take place no later than July 1, 2008.

Public Hearing Required by Statute

A public hearing date has been scheduled for

6:30 p.m., June 17, 2008 in the Town Hall.

North Carolina General Statute 159-12 requires

this date to be published and said hearing held

before the Commissioners adopt a Budget

Ordinance.

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Town Revenues

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Expenditure FY 2008-09 FY 2007-08Object Budget BudgetGoverning Board/Administration $172,358 $64,760

Public Safety 536,943 413,500

Parks/Recreation 28,000 24,000

Streets/Sanitation 431,676 497,085

Water/Sewer 1,337,583 1,251,630

Electric 2,397,506 2,312,940

Totals $4,904,066 $4,563,915

How Funds Are Expended

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FY 2007-08 Percent FY 2008-09Budget Category Budget Increase BudgetPersonnel 814,345 14% 949,802Fire Dept 55,000 21% 70,000Police Dept 379,000 19% 466,943Consulting 96,580 5% 101,250Travel/Training 20,500 39% 33,500Capital Equip 155,120 10% 172,750Fuel 59,195 22% 75,500Maintenance 32,400 70% 109,000Purchase Water 171,500 15% 202,339Purchase Sewer 419,800 7% 450,000Purchase Electric 1,364,169 7% 1,471,936

Comparing Spending to Prior Year

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