[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.