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[0:00]
town council salaries, and then the
clerk's salaries, marshal salaries. So,
[0:03]
it it goes into all of that granular
detail.
[0:07]
All of this detail, and then later in
this report you'll find calculations for
[0:10]
property tax, other revenues, etc. that
we put into your budget, which
[0:14]
essentially summarize back into that
budget form for ordinance that you all
[0:18]
read.
So, this is kind of like all of the
[0:21]
data. Um what we do then is we turn
around and prepare the one that the
[0:26]
clock, which is the summary of all of
that.
[0:30]
Um
so, this is your summary of your 2027
[0:34]
budget. So, I'm going to flip to page
one.
[0:38]
There's a a lot of numbers on here, but
it's essentially most of everything that
[0:42]
is in the thicker book summarized on a
fund level, how do the proposed 2027
[0:49]
budgets look um for each individual
fund. Now, I will caveat this.
[0:54]
Um
the these numbers are kind I don't want
[0:57]
to say worst-case scenario cuz we're not
saying there's any worst cases, but they
[1:01]
are assuming you spend your entire every
dollar of your 2026 budget, and then
[1:06]
every dollar of your 2027 budget, which
we know typically is not the case. You
[1:10]
guys don't typically spend every single
dollar of your budget. You have some
[1:14]
left over um
anywhere between, you know, 10 and 20%
[1:18]
depending on the year, project timing
items. Um so, this is spent or assumes
[1:23]
full 100%.
But if you look across the top, you'll
[1:27]
see kind of your major budget budgeted
funds. Um so, this is only for the civil
[1:32]
town. This one does not have any
utilities in it because utilities per
[1:36]
statute do not have to be budgeted for
through the DLGEA. Um
[1:41]
so, the top you'll see all of the funds
we included.
[1:44]
On the side, you'll see different
categories.
[1:48]
» [clears throat]
>> First half of the page are operating
[1:49]
receipts, so you'll see um it's broken
out by kind of the major
[1:55]
uh
different categories of operating
[1:57]
receipts such as property tax, local
income tax, and then about middle you'll
[2:01]
see there's a total for each fund. Then
the second half of the numbers are the
[2:06]
operating disbursements, which are in
total
[2:09]
broken out by, um,
type. So, for example, salaries and
[2:13]
wages, benefits roll up under personal
services,
[2:19]
and things [clears throat] of that
nature.
[2:21]
That is your proposed 2027 budget. Um,
and then you'll see there's a total
[2:25]
operating disbursements for those. So,
when you take your revenues minus your
[2:30]
expenses,
that brings you to that green line,
[2:35]
which is the estimated increase or
decrease in cash and investments. So,
[2:39]
you know, for example, the general fund,
assuming you spend the entire budget
[2:44]
next year, and these numbers are pretty
conservative. So, for example, we don't
[2:48]
have like certified local income tax
numbers yet, that's just an estimate.
[2:53]
Um, you know, ideally we would like to
see a little bit of growth there. For
[2:56]
example, um, if that full budget is
spent, the general fund would see a
[3:00]
decrease of about $100,000
next year. But, when you look at the
[3:05]
bold lines, then the ending cash and
investments balance and then operating
[3:09]
percent, you know, even if that that
certainly happens, um, not a concern
[3:14]
because that fund still has a fairly
strong balance.
[3:18]
Now, we did highlight a few funds here
if the full budgets are spent such as
[3:23]
MBH. Um,
we did highlight them in red just to
[3:27]
watch those fund balances in 2027. You
know, um, MBH, local road and street,
[3:33]
those are very, uh, capital project
driven, paving. Um,
[3:38]
you know, the town being, uh, a
municipality, you'll have years where,
[3:42]
you know, you spend more money than
other years due to things of that
[3:45]
nature. So, nothing that really raises a
flag of oh, this budget will be cut or
[3:49]
this is a major concern. Um, just just
funds to kind of point out for gentlemen
[3:54]
to watch during next year to make sure
those fund balances stay healthy
[3:58]
throughout the year.
[4:01]
Any questions overall? No major concerns
with the
[4:05]
I mean no concerns at all really with
the proposed 2027 budgets as submitted.
[4:11]
Any questions? Anything? [clears throat]
[4:16]
Anything you want to add to that? Okay.
[4:21]
Okay.
Next steps would be you guys have to
[4:25]
have your a public hearing tonight. So
that needs to be in your minutes.
[4:29]
You know, that you open and close the
budget public hearing.
[4:32]
You can do a
high-level first reading of your
[4:35]
ordinance. And then there would really
be no further steps on the budget until
[4:39]
your next meeting when you're formally
considering that ordinance and adopting
[4:43]
it.
>> Is this motion?
[4:46]
Do we do that?
Do we do that now or do we need to do it
[4:50]
» Yeah, this is your first reading for
your
[4:52]
what she's talking about and then next.
>> Do we do it in the next meeting or now?
[4:57]
» You agreed to first reading now. The
second one will pass it in October.
[5:01]
» Susie, you mean now as in during the
public hearing
[5:04]
in 30 minutes. Not at the next month's
meeting, right?
[5:07]
» No, I mean yeah, I did.
>> Sorry.
[5:09]
» I didn't understand you. I realized
yeah.
[5:11]
» So do we need to do that?
>> Do you Can we do it during the public
[5:14]
hearing or can we do it now?
>> I think so.
[5:16]
» Okay. All right.
[5:20]
» Thank you for clarifying.
>> I thought that's what you meant.
[5:23]
» Sorry.
>> No, you're fine. I understand that.
[5:25]
» She understands it because she was in my
classroom. That's why.
[5:30]
» [laughter]
[5:34]
» Listen, we didn't get the choice. It
wasn't our decision.
[5:37]
» We were the only kids at the time.
>> This is true.
[5:47]
» So we don't have to make a motion or
anything about that. Just just the
[5:49]
budget.
>> No, we just said the next meeting is
[5:51]
when we will pass that.
>> Okay.
[5:52]
» All right. For 2027.
[5:57]
We'll have a lot to pass at the next
meeting.
[5:59]
» So for the I'm assuming for the 2028
budget though the operating balance at
[6:04]
the end of the year for the parks and
recreation fund will be better, I'm
[6:09]
hoping.
Yeah, so
[6:12]
the
kind of the tricky part about preparing
[6:17]
budgets in Indiana's budget cycle is
where we have to estimate what are your
[6:21]
fund balances at the end of 2026.
Um so typically how it happens is we you
[6:26]
know again, we're assuming those fund
balances are a little bit lower than
[6:31]
they
likely will be because we're assuming
[6:34]
you're spending your full 2026 budget
budget down.
[6:37]
Um so then you know, I mean per this
schedule we're assuming park ends the
[6:42]
year
with only $6200.
[6:46]
Park will likely typically end higher
than that unless the full budget is
[6:50]
spent. So then it almost makes the
ending balance for next year a little
[6:54]
bit better. Um however, working with
Dolan with the budget, you know, we had
[6:59]
some back and forth this year of like,
hey, we need to move some things around.
[7:02]
The fund balance, you know, might be a
concern and we just work through that
[7:07]
um in kind of like when we do the the
budget workshop together. So yes, if we
[7:11]
get to a point where the 2028 budget
needs to be lowered or changed or
[7:16]
altered or you know, another tool, we
would work with Dolan and kind of make
[7:20]
those proposals.
[7:24]
» Yeah, cuz I think we only had an issue
with
[7:27]
park fund and the
local road and street kind of having to
[7:31]
move money. That was our only two issues
for the budget for next year. So we kind
[7:35]
of had to lower the local
[clears throat] road and street with the
[7:38]
to estimate for the LIT tax changes that
are coming.
[7:41]
And then park is just a That's a tough
one every year. So.
[7:48]
Is that lit tax is that lit due Yeah,
the lit stuff?
[7:51]
» will things be different?
>> Not yet.
[7:55]
» Not yet.
>> Not until 2020. Well, the jury's out on
[8:00]
what year. Initially, it was
interpreting that the revenues would
[8:04]
change in 2029.
Then the DLG came back and said, "No,
[8:08]
it's actually 2030 is how we're
interpreting the statute." But then I've
[8:12]
heard
from legislators that the intent was
[8:17]
2029 and that now they need to modify
the statute to make that more clear. So,
[8:21]
it's going to be 2029 or 30 depending on
who has the final say. Um but no, 2027
[8:27]
and 2028 lit revenues will not change
this structure.
[8:41]
» Down there, park
budget, is that funds that also can be
[8:45]
used for park board
or is that just town money?
[8:51]
» Um
that depends. Does your park board
[8:57]
Typically, so most it depends on like
your
[9:01]
your park board and and what
you know,
[9:05]
I'd say
authority that
[9:08]
it was granted to them when they were
established, so there might need to be
[9:11]
like an ordinance written, but
typically, you know, the park board
[9:15]
could make recommendations on what that
budget would be used for to town
[9:20]
council, but ultimately town council
adopts that budget. Um we probably need
[9:25]
to review how that's set up with Justin,
but anything in the park fund could be
[9:31]
used for park expenses.
Whether that is suggested by town
[9:35]
council or park board is
>> They're
[9:38]
they're just now starting.
>> Oh.
[9:41]
» And they don't even have, you know, I
don't think they have
[9:44]
any budget or anything yet. So, they're
trying I think they're trying to get a
[9:48]
five-year plan so they can
I I believe that's what they're doing.
[9:52]
» Mhm. That's why we had to get that new
fund number for that that one I talked
[9:56]
to you about.
>> Okay.
[9:57]
» So, we'll read that ordinance tonight to
get that.
[10:01]
» Okay.
>> Okay.
[10:03]
Yeah, I mean if
I was listening when they were
[10:06]
established, there's an ordinance or
something that
[10:08]
» And established that up.
>> Based on like the legal legalities of
[10:12]
that, you know, I mean they could be the
recommending body to you all like they
[10:17]
would want the park board budget
Yeah, to look like this what's set up.
[10:22]
Okay. Yes, and then you all would would
you know, adopt or not adopt that
[10:27]
proposed budget and and put that in.
But, they don't have like adoption
[10:31]
authority in terms of actually adopting
budgets still the town council.
[10:35]
» Okay.
>> Yeah, okay.
[10:45]
» Do we need to do anything else?
>> I don't have any more questions really.
[10:48]
Do you have any questions?
>> I do.
[10:51]
I don't live in town.
>> Oh.
[10:53]
» Well, I mean
then you can't question this at all.
[10:58]
» I know. Anything else we need to do?
>> No.
[11:01]
» Okay.
>> You asked for public comment. Can you
[11:04]
public comment
>> public hearing.
[11:06]
So, I do have one other report that can
be later on the agenda. I just want to
[11:10]
talk about the utilities really quick.
Um but, that's outside of the budget.
[11:14]
So.
>> Okay.
[11:15]
» So, should we do that?
>> So, we need to close
[11:17]
» Do we need to close the public hearing
and then when 6:30 rolls around start
[11:21]
the regular meeting?
>> Okay. Do we need to have a
[11:23]
motion or do we just close it?
>> I'll make a motion we close the public
[11:27]
hearing at 6:12.
>> I'll second it.
[11:30]
» All those in favor?
>> I.
[11:32]
» I.