The Honorable. John Flynt, Mayor Stokesdale & Town Council Members P.0. Box 465 Stokesdale, North Carolina 27357 2016-2017  Finance Officer's Budget Message Mayor and Council Members:  The proposed budget for Fiscal Year 2019-2020 has been prepared based upon input from Budget workshops with council members and the citizens that attended the workshops. The budget complies with the North Carolina Local Budget and Fiscal Control Act. While the Town continues to maintain a strong financial position with reserves significantly above those that are required by state statute, the challenges having a balanced budget with income being sufficient to be equal to or greater than expenses and without fund balance transfers to being necessary for the Town dor remain. The proposed budget for the fiscal year 2019-2020 is presented for your review and Ad Valorem property taxes will not be imposed fort this Fiscal Year as a source ofi income for the Town. The Town plans to continue providing services that have been offered to the citizens fora a number of years including, street lights for the downtown area, and a water system that provides potable drinking GENERAL FUND: The proposed general fund budget for the 2019-2020 Fiscal Yeari totals $424,400. REVENUES: General Fund Revenues for Fiscal Year (FY) 2019-2020 are estimated at $445,600. In other words, all expenses to operate the Town would be covered without having to take monies from the Town's reserve funds. The largest source of income, the State Collected Revenues, previously called Utilities Franchise Tax, is estimated at $308,000. Investment earnings are estimated at $48,000. Interest Planning Fee Revenues are estimated to be $32,000.00: since there have been some signs of improvements in the economy. The anticipated revenues from the Cable Franchise Agreement with Time Warner Cable are estimated at $9700. Revenues from Parade Fees are estimated at $3,000. The Fees from the Rental of Town Hall & Park Facilities are estimated at $4500.00. The Beer and Wine Excise Tax Distribution is éxpected to remain about the same in 2019-2020. This should provide $26,000 in revenues. ABCI Profit Share is projected tot total $13,500. EXPENDITURES: General Fund Expenditures for the FY2019-2020 are estimated to be $424,400.  consideration.  water and supplemental water fort the fire department.  rates on investments remain at low rates.    WATER ENTERPRISE FUND: The proposed budget for the water enterprise fund totals REVENUES: Water Sales 423,000 Tap & Connection Fees 20,000., Water Capacity Use Fees for the samamsmatisamsaN. Late Fees 24,500 and Msalaneausincome200, year EXPENDITURES: Expenditures for the Water Enterprise Accounta are expected to be $4 468,010 Winston-Salem City/County Utilities did noti increase their water rates this year.  $468,010.00.  WATER-SEWER FUND: The water-seweri fund reflects an increase ini investment duei to the increase in interest rates as Certificates are renewed The Proposed Budget for 2019-2020 is presented for the review and the well ast the citizens oft the Town. The Proposed Budget will Town with revenues being utilized in beneficial  earnings during the year  at maturity. Estimated Investment  earnings are $9,819.77.  of the input  Town Council as  provide a sound financial position fort the  ways for all oft the citizens of the Town of Stokesdale.  Respectfully: submitted the 13th day ofJ June, 2019.  hughe Alisa Houk, Finance Officer  PH Mayor. John Flynt    Town of Stokesdale BUDGET OVERVIEW: 2019-2020-F FY20 P&L July 2019-J June 2020  TOTAL 26,000.00 9,700.00 3,000.00 13,500.00 48,000.00 900.00 32,000.00 308,000.00 4,500.00 $445,600.00 $445,600.00 57,000.00' 10,000.00 67,000.00 2,500.00 5,000.00 1,500.00 2,500.00 2,600.00 5,900.00 4,500.00 17,000.00 600.00 25,100.00 2,000.00 5,000.00 25,000.00 32,000.00 32,000.00 9,000.00 10,000.00 2,500.00 5,000.00 3,000.00 3,972.00  Income Beer & Wine Excise Tax Cable Franchise Fees Contributions & Donations Parade Grensboro.lamestown Profit Share Investment Earnings Miscellaneous Planning & Zoning Fees State Collected Revenues (Utilities) Town Hall & Park Facility Rentals Total Income GROSS PROFIT Expenses Capital Outlays Parks- Projects Shelters, Benches, Etc. Town Hal/Downtown Projects Total Capital Outlays Cultural & Recreational Christmas Parade Community Daypalgr Bvenks Parks & Recreation Building & Electrical Park Repairs, Equipment & Supplies Park Security Lighting ParswanenanceCleaning Water-Expense-Parks Total Parks & Recreation Veterans Monument Total Cultural & Recreational Economic & Physical Developemnt Planning &2 Zoning Advertising- PZ Legal Fees PZ Planning Fees - PZ Total Planning & Zoning Total Economic & Physical Developemnt Elementary School Contributions General Administrative Expense Administrative Expenses, & Fees Advertising & Marketing Building Upkeep Elections Equipment Purchase  Wednesday, June 5, 201903:241 PM GMT-7  1/2    TOTAL 1,500.00 7,500.00 650.00 8,150.00 65,000.00 15,000.00 8,500.00 21,000.00 44,500.00 11,000.00 2,000.00 8,000.00 2,500.00 500.00 3,000.00 2,200.00 7,800.00 4,500.00 12,300.00 1,500.00 183,622.00 5,878.00 1,500.00 1,000.00 42,000.00 34,800.00 85,178.00 10,000.00 12,500.00 22,500.00 $424,400.00 $21,200.00 21,200.00 21,200.00 $21,200.00 $-21,200.00 $0.00  Housekeeping Supplies Insurance & Bonding Workman's Comp Insurance Total Insurance & Bonding Lawn/Outdoor Maintenance. Legal & Professional Services Accounting Audit Legal & Professional Fees Totall Legal & Professional Services Membership & Dues Postage Printing, Office Supplies & Software Repairs & Maintenance Office Equipment Repairs & Maint Total Repairs & Maintenance Travel & Conferences Utilities Electricity Internet/Phone Total Utilities Website Design & Hosting Total General Administrative Expense Payroll Expenses F.I.C.A. Mileage Reimbursement Payroll Processing Fees Salaries Stpends-Council Expense Total Payroll Expenses Public Safety Firel inspections & investigations Gullford County /Animal Control Service Total Public Safely Total Expenses NET OPERATING INCOME Other Expenses Other Miscellaneous Expense Emergency Funds Total Other Miscellaneous Expense Total Other Expenses NET OTHER INCOME NET INCOME  Wednesday, June 5, 2019 03:24 PM GMT-7  2/2    Water Enterprise Account BUDGET OVERVIEW: 2019-2020 - FY20 P&L  July 2019-  June 2020  TOTAL 1,200.00 6,000.00 2,000.00 200,000.00 30,000.00 25,000.00 423,000.00 24,500.00 20,000.00 467,500.00 $731,700.00 235,000.00 235,000.00 $235,000.00 $496,700.00 5,100.00 1,000.00 31,000.00 510.00 31,510.00 1,800.00 1,800.00 500.00 1,000.00 3,000.00 1,000.00 46,710.00 30,000.00 7,000.00 8,000.00 45,000.00 4,055.00 1,000.00 53,000.00  income Backflow Preventer Fees Investment Income Miscellaneous Income Transfer from Water Sewer Fund Water Capacity Fees Water Infrastructure Inspection Fee Water Sales Late Fees Taps & Connection Fee Total Water Sales Total Income Cost of Goods Sold Cost of Goods Sold Water Purchase Total Cost of Goods Sold Total Cost of Goods Sold GROSS PROFIT Expenses Administrative Audit Bond & Insurance Contract Operation Contract Operations- Other NC8 811 Monthly Service Total Contract Operation Dues & suoscriptions Fee Adjustments & Refunds Miscellaneous Office Expense Postage Taxes & Licenses Total Administrative Legal & Professional Services Engineering Consultation Fees Infrastructure Inspection Fees Professional Fees Other Total Legal & Professional Services Payroll Expenses F.I.G.A. Expense Mileage Reimbursement Salaries  Thursday, June 6, 2019 01:29F PM GMT-7  1/2    TOTAL 58,055.00 700.00 2,000.00 550.00 3,250.00 20,500.00 21,000.00 19,045.00 5,000.00 5,000.00 31,000.00 10,000.00 200,000.00 3,000.00 314,545.00 317,795.00 450.00 450.00 $468,010.00 $28,690.00 8,690.00 20,000.00 28,690.00 $28,690.00 $-28,690.00 $0.00  Total Payroll Expenses Repairs & Maintenance Chlorinator Chemicals Chlorinator Maintenance Electricity Chlorinator Utilities Total Chlorinator Maintenance & Repairs Emergency Water Repairs Marking Water Lines 811 Miscellaneous Repairs/Maintenance Supplies Water Hydrant Maintenance Waterl Line/Meter Installation/Gen Repair Water Tank Maintenance Water Tank Painting Water Testing Total Maintenance & Repairs Total Repairs & Maintenance Utilities Electrical Service Total Utilities Total Expenses NET OPERATING INCOME Other Expenses Water Capital Electronic Water Meters Changeout Electronic Water Meters New Construction Total Water Capital Total Other Expenses NET OTHER INCOME NET INCOME  Thursday, June 6, 2019 01:29PM GMT-7  2/2