Annual Budget

BUDGET FOR FY2024-2025

Adopted 9/10/2024

The Council considered the below budget for fiscal year 2024-2025 at its meeting on July 23, August 13, and September 10, 2024.  The City’s budget year begins July 1 and ends June 30th the following year.

Revenue Budgets are a little trickier to read - the City gets revenue from a variety of sources: property taxes, State Entitlement tax, Local Option tax (part of what you pay when you register a vehicle/trailer/boat/RV/ATV), Marijuana Excise tax, payments in lieu of taxes, Licenses and Permits (like business, dog, chicken, zoning, etc.), Grants, Rents, and Interest on funds within the bank.  That then gets divvied up into different Accounts.

Expenditure Budgets are how the City intends to spend that revenue.  For instance, Financial Administration is what we call internally “City Hall” and it includes staff expenses, advertising board vacancies, legal notices, IT support, training, etc.  (This can be found on page 2 of 36.)  The Planning & Research Services Account is where we budget to handle zoning permits, subdivision applications, advertising for those legally required notices, postage to mail them to neighboring properties, the upcoming Zoning & Subdivision Regulation rewrites, to name a few.

If you have any questions or comments, please call City Hall at 406-285-3431 or email Kelly Smith or Crystal Turner.