Budget Review

Village of Breedsville 82 E Main St. PO Box 152 Breedsville, MI 49027 (269) 427-9029 Budget Review Agenda Tuesday, March 1, 2022 - 6:00 PM These proceeding tonight are being recorded to help prepare the minutes, after minutes are prepared this recording will be no longer available after approval of the village council. Michigan Open Meetings Act MCL 15.262(1). Page 1. CALL TO ORDER: 2. ROLL CALL: 3. UNFINISHED BUSINESS: 3.1 Budget final review 6:00-6:15 2 - 10 Village of Breedsville Budget 2022-2023 proposed 4. ADJOURNMENT OF THE REVIEW 4.1 Adjournment Motion to adjourn at _____ pm 5. PUBLIC COMMENTS: Page 1 of 10 Village of Breedsville BUDGET 2022 -2023 Village Board 2022 - 2023 Steven Rogusta | President | 2022 William Yeager, Trustee – Pro Temp, | Larry Weniger, Trustee Bruce Hibma, Trustee | Tim Weniger, Trustee Page 2 of 10  Index: • Estimated Revenue Summary 2022 – 2023 • Budget Summaries • Revenue Summary • Budget Details PAGE 1 Page 3 of 10  Estimated Revenue Summary ✓ Local Property Tax: Summer Village Taxes Millage Count Taxable Value Millage Gross Tax Operating 145 3,296,637 5.79990 19,120.34 Tax Levied Difference 19,119.34 -0.82 Tax Amount Levied: 19,119.34 Administration Fee: 190.43 Total Rolls 19,309.77 ✓ Revenue sharing is the distribution of revenue, the total amount of income generated by the sale of goods and services Unrestricted Funds Revenue Sharing Estimate 2022 - 2023 Population – 199 -2010 Estimated Distribution Total $ 22,107.00 Oct 2021 – Aug 2022 Population 202 -2022 Total $ ✓ MTF is Gas and Registration Tax payments Restricted Funds MDOT – MTF Road Funds 2022-2023 Population – 199 – 2010 Estimated Distribution 2022 Total $55,280.67 Population – 202 – 2022 Estimated Distribution 2023 Total $57,348.36 ✓ Recreational Marijuana Payments Based on Marijuana Revenues Collected in the fiscal Year 2021 Released March 2022 Unrestricted Funds Amount Available per Marijuana Retail Store/Microbusiness Estimated Distribution based in 2021 Total $28,001.32 ✓ Medical & Recreational Marijuana Permit Funds Restricted Funds Pursuant to Section 6.4. of the Michigan Regulation and Taxation of Marihuana Act: “A municipality may charge an annual fee of not more than $5,000 to defray application, administrative, and enforcement costs associated with the operation of the marihuana establishment in the municipality.” Estimated Funds based on 21 permits issued Total $105,000.00 PAGE 2 Page 4 of 10  BUDGET SUMMARY General Fund Estimated Revenue 2022 -2023 Current Property Taxes $ 10,000.00 Delinquent Property Taxes $ 2,500.00 MMJ Permit $ 105,000.00 FIOA $ 0.00 Marijuana Taxes $ 28,001.32 Revenue Sharing $ 22,107.00 Liquor Control $ 130.00 State Shared Metro $ 1,500.00 Checking Interest $ 50.00 Savings Interest $ 5.00 Total $ 154,185.00 Estimated Expenses 2022 – 2023 Village Operations $ 46,120.00 Elections $ 150.00 Clerk $ 19,000.00 Village Hall $ 12,550.00 Public Works $ 7,250.00 Recreational/ Parks $ 4,200.00 Total $89,270.00 PAGE 3 Page 5 of 10  BUDGET SUMMARY Major & Local Road Fund Major Roads Estimated Revenue 2022 - 2023 Act 51 $ 55,280.67 Interest Checking $ 25.00 Other Funds $100,000.00 Total $155,305.67 Estimated Expenses 2022 -2023 Construction Routine $116,000.00 Winter Maintenance $6,000.00 Road Signs $1,500.00 CRX Maintenance $2,000.00 Non-Motorized Improvements $3,000.00 Streetlights LED Lights $2,000.00 Traffic Light $150.00 Routine Maintenance $15,000.00 Miscellaneous Charges $10.00 Tree Trim/Removal $1,500.00 Bridge Loan Payment $13,853.83 Totals $161,013.83 Local Roads Estimated Revenue 2022 - 2023 Act 51 $11,000.00 Interest Checking $25.00 Total $11,025.00 Estimated Expenses 2022 – 2023 Construction Routine $3,000.00 Winter Maintenance $3,000.00 Misc. $100.00 Tree Trim/Removal $1,500.00 Road Signs $150.00 Routine Maintenance $1000.00 Total $8,750.00 PAGE 4 Page 6 of 10  BUDGET DETAILS GENERAL BUDGET 2022-2023 Estimated Revenue 2022-2023 403 Current Property Taxes $ 10,000.00 413 Delinquent Property Taxes $ 2500.00 477 FIOA 480 MMJ Permit $ 105,000.00 550 Marijuana Taxes $ 15,000.00 574 Revenue Sharing $ 20,000.00 575 Liquor Control $ 130.00 578 State Shared Metro $ 1,500.00 665 Checking Interest $ 50,000 666 Savings Interest $ 5.00 Total Revenue $ 154,185.00 Estimated Expenses 2022-2023 Village operations 702 Salaries $ 6,300.00 715 Social Security $ 300.00 716 Medicare $ 300.00 803 Accountant $ 6,000.00 804 Attorney $ 15,000.00 805 Building Inspector $ 0.00 806 Mechanical Inspector $ 0.00 807 Blight Inspector $ 5,000.00 808 Zoning Administrator $ 2,000.00 860 Education Training $1,500.00 880 Community Promotion $1,000.00 900 Printing & Publishing $ 3,500.00 910 Insurance - Bond $ 3,500.00 911 MML Dues $ 500.00 955 Miscellaneous $ 200.00 970 Capital Outlay $ 500.00 Total $ 46,120.00 Estimated Elections 2022 - 2023 723 Supplies $150.00 Total $150.00 PAGE 5 Page 7 of 10  BUDGET DETAILS GENERAL BUDGET 2022-2023 215.00 Estimated Clerk 2022-2023 480 Admin. Fees for Marihuana $8,000.00 702 Salary $3,000.00 726 Supplies $1000.00 860 Education Training $500.00 965 Computer Software $5,000.00 970 Capital Outlay $1,000.00 Total $19,000.00 270.00 Estimated Village Hall 2022-2023 443 New Building Fund 775 Building Supplies $200.00 776 Cleaning Supplies $150.00 818 Contractional Services $0.00 921 Utilities $1,500.00 935 Equipment Maintenance $200.00 936 Security System $3,000.00 950 Phone and Internet $1,500.00 970 Capital Outlay $1,000.00 975 Building Maintenance $5,000.00 Total $12,550.00 441.00 Estimated Public Works 2022-2023 921 Streetlights $4,000.00 930 Maintenance $250.00 970 Capital Outlay $1,000.00 974 Tree Trim/Removal $2,000.00 Total $7,250.00 751.930 Estimated Recreational/ Parks 2022-2023 408 Park Construction Fund $500.00 930 Maintenance $500.00 931 Mowing $200.00 970 Capital Outlay $1,500.00 974 Tree Trim/Removal $1,500.00 Totals $ 4,200.00 Summary Total Revenue $154,185.00 Total Expenses $89,270.00 Difference $64,915.00 Fund Balance Committed $178,782.74 Fund Balance Unrestricted $50,108.32 Fund Balance Savings $54,529.34 PAGE 6 Page 8 of 10  BUDGET DETAILS Major Roads Budget Estimated Revenue 2022 - 2023 574 ACT 51 $55,280.67 655 Checking Interest $25.00 676 Contributions from other Funds $100,000.00 Total $155,305.67 Budget Estimated Expenses 2022 - 2023 801 Construction Routine $116,000.00 802 Winter Maintenance $6,000.00 803 Road Signs $1,500.00 804 CRX Maintenance $2,000.00 870 Non-Motorized Improvements $3,000.00 921 Streetlights LED Lights $2,000.00 922 Traffic Light $150.00 944 Routine Maintenance $7,000.00 960 Miscellaneous Charges $10.00 974 Tree Trim/Removal $1,500.00 Bridge Loan Payment $13,853.83 Total $153,013.83 Summary Total Revenue $155,280.67 Total Expenses $153.013.83 Difference $ 2,291.84 PAGE 7 Page 9 of 10  BUDGET DETAILS Local Roads Budget Estimated Revenue 2022 -2023 574 ACT 51 $11,000.00 655 Checking Interest $25.00 Total $11,025.00 Budget Estimated Expenses 2022 - 2023 801 Construction Routine $3,000.00 802 Winter Maintenance $3,000.00 803 Road Signs $150.00 944 Routine Maintenance $1000.00 960 Miscellaneous $100.00 974 Tree Trim/ Removal $1,500.00 Total $8,750.00 Summary Total Revenue $11,025.00 Total Expenses $8,750.00 Difference $2,275.00 PAGE 8 Page 10 of 10