The Reporter covers Miller, Morgan and Camden County in Central Missouri's Lake of the Ozarks and is published once per week on Wednesdays.
Published December 12, 2018
2019 budget for Osage Beach will top $35,000,000
OSAGE BEACH The Board of Aldermen have approved the first reading of the citys 2019 budget and it will top $35 million.
The basic breakdown of the expenses is:
$7,316,349 - General Fund
$1,962,332 - CIT Fund
$4,937,024 - Transportation Fund
$4,765,897 - Water Fund
$3,197,196 - Sewer Fund
$619,432 - Ambulance Fund
$9,136,610 - Lee C Fine Airport Fund
$ 298,842 - Grand Glaize Airport Fund
$2,397,000 - Prewitts Point TIF
$778,500 - Dierbergs TIF
(The city does have reserve funds that can make up the difference between revenue and expenditures).
The General Fund category is projecting an income of $7,148,008 from the following areas:
Franchise Fees $1,001,000
Licenses & Permits $152,100
Grants & Reimbursements $108,175
Other Income $441,908
Transfer From Other Funds $219,475
Total Revenues $7,148,008
The CIT fund (Capitol Improvement) is projecting revenue for 2019 of $2,461,000, with $2,451,000 from taxes and $11,000 from Other Income.
The Transportation Fund is projecting total revenue for 2019 of $3,615,976. This will come from:
Taxes - $2,696,500
Grants & Reimbursements - $850,000
Other Income - $69,476
The Water Fund 2019 revenue is looking at an income of $3,593,522 with that money coming from:
Licenses & Permits - $1,500
Fees - $1,000
Utility Revenue - $1,891,500
Other Income - $299,522
Transfer From Other Funds - $1,400,000
The Sewer Fund is looking at revenue of $2,802,605 for 2019 and that will come from:
Licenses & Permits - $3,000
Fees - $100
Utility Revenue - $2,632,500
Other Income - $167,005
The Ambulance Fund is projecting 2019 revenue of $566,360 from:
Fees - $400
User Fees - $275,000
Other Income $960
Transfer From Other Funds - $290,000
Lee C Fine Airport Fund has the largest amount in the 2019 budget at $9,136,610. The city is projecting revenue of $9,166,163 from the following sources:
Grants & Reimbursements - $8,087,459
Fees - $3,000
User Fees - $880,300
Other Income - $404
Transfer From Other Funds - $195,000
The grants and reimbursements are for the taxiway and apron project that are scheduled for next year.
The Grand Glaize Airport Fund is looking at $312,590 in revenue from four sources:
Fees - $500
User Fees - $185,800
Other Income - $290
Transfer From Other Funds - $126,000
The Prewitts Point TIF is looking at revenue of $2,399,746 from taxes and $15,000 from Other Income.
The Dierbergs TIF is looking at revenue from taxes only of $778,500.
The city held the first reading and a public hearing last week and is expected to have the second reading at the December 20 meeting.
The budget needs to be adopted prior to January 1, 2019.
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