FY 24 APPROVED OPERATING BUDGET

AGRICULTURAL PRESERVATION - COUNTY

FINANCIAL NOTES:

FY 24 Approved Budget

26,500,000

FY 23 Approved Budget

27,000,000

$ increase

(500,000)

% increase

(1.85) %

FY 23

FY 24 CHANGE EXPLANATION OF INCREASE/DECREASE - REVENUES

11,000,000 9,500,000 (1,500,000) TRANSFER TAX

Transfer Tax is based on prior year actual collections and projected collections for current year.

500,000 1,000,000 500,000 INVESTMENT INCOME

Interest income on investments purchased for agricultural preservation

15,500,000 16,000,000 500,000 FUND BALANCE APPROPRIATED

Excess unappropriated fund balance at the end of the year is appropriated into the next fiscal year's budget, and treated as one-time funding for that fiscal year.

FY 23

FY 24 CHANGE EXPLANATION OF INCREASE/DECREASE - EXPENDITURES

19,000,000 19,150,000 150,000 CAPITAL OUTLAY

Sufficient funds provided for anticipated easement purchases for FY 24

3,800,000 3,100,000 (700,000) DEBT SERVICE

Principal and Interest costs

4,200,000 4,250,000 50,000 MISCELLANEOUS

Estimated purchase of land under the State Program

223