FY 23 Approved Budget Book

WATERSHED MANAGEMENT

FINANCIAL NOTES:

FY 23 Approved Budget

5,750,000

FY 22 Approved Budget

4,280,500

$ increase

1,469,500

% increase

34.33 %

FY 22

FY 23

CHANGE

EXPLANATION OF INCREASE/DECREASE - REVENUES

RECORDATION TAX

2,970,000 3,300,000

330,000

This is a portion of the recordation tax, $0.55 for each $500 of the sale price (or lien amount) for each property deed recorded.

1,310,500 2,450,000

1,139,500

MISCELLANEOUS This includes investment income estimated at $50,000 for FY 23 and fund balance appropriated of $2,400,000.

FY 22

FY 23

CHANGE

EXPLANATION OF INCREASE/DECREASE - EXPENDITURES

591,222 748,638

157,416

PERSONAL SERVICES Increase funds provide for a 7% COLA and 3% merit increase for eligible employees, adjustments to pension, health benefits and additional funds for the 27th pay

599,091 638,119

39,028

CONTRACTUAL SERVICES Funds provide for contractual assistance on projects and programmatic needs based on actual expenses

6,398

8,445

2,047

SUPPLIES & MATERIALS Funds provide for general office supplies, lab supplies, etc. previously allocated under General Fund

206