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160001 • wnaxlp NOTICE City of Cornell 2025 Budget Hearing Notice is hereby given, that Thursday, Nov. 7, 2024, at 6:30 p.m., in the city council chambers, a public hearing on the proposed budget of Cornell, will be held. The proposed budget, in detail, is available for inspection at the city office, from 8 a.m. to 5 p.m., Monday through Friday. The following is a summary of the proposed 2025 General Fund Budget. 2024 2025 PERCENT ACTUAL BUDGET PROPOSED BUDGET CHANGE REVENUES PROPERTY TAXES $366,985 $360,226 OTHER TAXES $90,100 $88,200 INTERGOVERNMENTAL REVENUE $855,776 $889,092 REGULATION AND COMPLIANCE $13,960 $14,223 PUBLIC CHARGES FOR SERVICE $33,270 $33,720 PUBLIC IMPROVEMENTS REVENUE $0 $0 INTERDEPARTMENTAL REVENUE $20 $20 MISCELLANEOUS REVENUE $6,600 $14,800 PROCEEDS FROM LONG TERM DEBT $0 $0 TRANSFER FROM OTHER FUND $0 $0 FUND BALANCE APPLIED $41,513 $46,257 TOTAL REVENUE $1,408,224 $1,446,538 2.7% EXPENDITURES GENERAL GOVERNMENT $212,692 $211,631 PUBLIC SAFETY $628,751 $646,701 TRANSPORTATION $390,077 $397,768 SANITATION $43,335 $46,022 CULTURE & RECREATION $121,225 $119,507 CONSERVATION & DEVELOPMENT $12,144 $24,909 CAPITAL OUTLAY TOTAL EXPENDITURES $1,408,224 $1,446,538 2.7% GENERAL CAPITAL PROJECT DEBT SERVICE 2025 2024 PERCENT FUND FUND TOTAL TOTAL CHANGE Property Tax Contribution $360,226 $43,000 $130,725 $533,951 $539,380 1% decr Other Revenues $1,040,055 $100,000 $0 $1,140,055 $1,099,726 Total Revenues $1,400,281 $143,000 $130,725 $1,674,006 $1,639,106 Total Expenditures $1,446,538 $143,000 $130,725 $1,720,263 $1,680,619 2.4% incr Excess (Deficit) -$46,257 $0 $0 -$46,257 -$41,513 Fund Balance Jan. 1 $949,446 $207,100 $0 $1,156,546 $1,120,938 Apply Fund Balance ($46,257) $0 -$46,257 -$41,513 Fund Balance Dec. 31 $903,189 $207,100 $0 $1,110,289 $1,079,425
160001 • wnaxlp NOTICE City of Cornell 2025 Budget Hearing Notice is hereby given, that Thursday, Nov. 7, 2024, at 6:30 p.m., in the city council chambers, a public hearing on the proposed budget of Cornell, will be held. The proposed budget, in detail, is available for inspection at the city office, from 8 a.m. to 5 p.m., Monday through Friday. The following is a summary of the proposed 2025 General Fund Budget. 2024 2025 PERCENT ACTUAL BUDGET PROPOSED BUDGET CHANGE REVENUES PROPERTY TAXES $366,985 $360,226 OTHER TAXES $90,100 $88,200 INTERGOVERNMENTAL REVENUE $855,776 $889,092 REGULATION AND COMPLIANCE $13,960 $14,223 PUBLIC CHARGES FOR SERVICE $33,270 $33,720 PUBLIC IMPROVEMENTS REVENUE $0 $0 INTERDEPARTMENTAL REVENUE $20 $20 MISCELLANEOUS REVENUE $6,600 $14,800 PROCEEDS FROM LONG TERM DEBT $0 $0 TRANSFER FROM OTHER FUND $0 $0 FUND BALANCE APPLIED $41,513 $46,257 TOTAL REVENUE $1,408,224 $1,446,538 2.7% EXPENDITURES GENERAL GOVERNMENT $212,692 $211,631 PUBLIC SAFETY $628,751 $646,701 TRANSPORTATION $390,077 $397,768 SANITATION $43,335 $46,022 CULTURE & RECREATION $121,225 $119,507 CONSERVATION & DEVELOPMENT $12,144 $24,909 CAPITAL OUTLAY TOTAL EXPENDITURES $1,408,224 $1,446,538 2.7% GENERAL CAPITAL PROJECT DEBT SERVICE 2025 2024 PERCENT FUND FUND TOTAL TOTAL CHANGE Property Tax Contribution $360,226 $43,000 $130,725 $533,951 $539,380 1% decr Other Revenues $1,040,055 $100,000 $0 $1,140,055 $1,099,726 Total Revenues $1,400,281 $143,000 $130,725 $1,674,006 $1,639,106 Total Expenditures $1,446,538 $143,000 $130,725 $1,720,263 $1,680,619 2.4% incr Excess (Deficit) -$46,257 $0 $0 -$46,257 -$41,513 Fund Balance Jan. 1 $949,446 $207,100 $0 $1,156,546 $1,120,938 Apply Fund Balance ($46,257) $0 -$46,257 -$41,513 Fund Balance Dec. 31 $903,189 $207,100 $0 $1,110,289 $1,079,425
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