FY2020 Budget

BUDGET SNAPSHOT FISCAL YEAR 2020

Building Capacity

What the money works for

Where the money comes from

1% 3%

3%

1%

Ad Valorem Taxes $19,240,000

$14

3% 2%

$12

Intergovernmental $10,116,400

$- Millions Capital Projects & Reserves • $2 $4 $6 $8 $10

5%

Permits & Fees $1,923,500

54%

Sales & Services $1,073,200

$35,958,300

Restricted $591,600

28%

Miscellaneous $422,600

Investment Earnings $396,000

Transfer In/Other Sources $1,250,000

Appropriation Fund Balance 945,000

TAX BASE COMPONEN TS

BUDGET PRIORITIES

AAA Bond Rating

Transportation Mobility Improvements

Future Fire Stations Land/Design

•

Tax Rate $0.39 per $100 Assessed Value

Crabtree Nature Park Design

•

• Regional Stormwater Facility Town Center • Morrisville Community Park PH III Design • Northwest Fire Station Due Diligence • Park Amenities & Enhancements Human Capital & Service Improvements Technology Innovation & Smart Cities Assessment Equipment Replacements & Facility Maintenance New Debt Service – Roadway & Facility Projects

Residential 47%

One Cent on Tax Rate = $490K

$30 Vehicle Decal Fee

Commercial 53%

$25 Stormwater ERU Fee

10

Note: Data represents General Fund and Stormwater Fund Combined.