local government budgeting: making sense of form 4-b larry deboer purdue university june 16, 2006...
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![Page 1: Local Government Budgeting: Making Sense of Form 4-B Larry DeBoer Purdue University June 16, 2006 Purdue Extension Bottom-Kohlmeyer Fund Workshop](https://reader035.vdocuments.mx/reader035/viewer/2022081514/56649d555503460f94a31e98/html5/thumbnails/1.jpg)
Local Government Budgeting:Making Sense of Form 4-B
Larry DeBoer
Purdue University
June 16, 2006
Purdue ExtensionBottom-Kohlmeyer Fund Workshop
![Page 2: Local Government Budgeting: Making Sense of Form 4-B Larry DeBoer Purdue University June 16, 2006 Purdue Extension Bottom-Kohlmeyer Fund Workshop](https://reader035.vdocuments.mx/reader035/viewer/2022081514/56649d555503460f94a31e98/html5/thumbnails/2.jpg)
Budget Form 4-B: “The 16-Line Form”
Lines 1 – 5:Total Funds Required
![Page 3: Local Government Budgeting: Making Sense of Form 4-B Larry DeBoer Purdue University June 16, 2006 Purdue Extension Bottom-Kohlmeyer Fund Workshop](https://reader035.vdocuments.mx/reader035/viewer/2022081514/56649d555503460f94a31e98/html5/thumbnails/3.jpg)
“What You Need”
Adams County General Fund, 20061. Budget, Incoming Year 9,226,5052. Expenditures, 7/1-12/31 3,905,6413. Additional Appropriations 56,9204a. Loans to be Paid 04b. Loans not Repaid by 12/31 05. Total Funds Required 13,189,066
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Budget Form 4-B: “The 16-Line Form”
Lines 6 – 9:Total Funds
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“What You’ve Got”
Adams County General Fund, 20066. Balance, 6/30 4,081,011
7. Taxes, December 2,501,768
8a. Misc. Revenues to Dec. 1,744,958
8b. Misc Revenues next year 3,680,742
9. Total Funds 12,008,479
![Page 6: Local Government Budgeting: Making Sense of Form 4-B Larry DeBoer Purdue University June 16, 2006 Purdue Extension Bottom-Kohlmeyer Fund Workshop](https://reader035.vdocuments.mx/reader035/viewer/2022081514/56649d555503460f94a31e98/html5/thumbnails/6.jpg)
Budget Form 4-B: “The 16-Line Form”
Lines 10-14:Amount to be Raised
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“What You Need to Get”
Adams County General Fund, 200610. Amount to be Raised 1,180,587
11. Operating Balance 3,869,387
12. Amount to be Raised 5,049,974
13. CAGIT PTRC 0
14. AMOUNT TO BE RAISED 5,049,974
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The Budget as Checking Account
Expected Balance, Jan. 1
Expected Revenues, Bud. Year
Appropriations, Budget Year
Expected Balance, Dec. 31
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Expected Balance, Jan. 1
+6. Balance, 6/30 4,081,011
+7. Taxes, December 2,501,768
+8a. Misc. Revs. to Dec. 1,744,958
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Expected Balance, Jan. 1
-2. Expend., 7/1-12/31 3,905,641
-3. Additional Appro. 56,920
-4a. Loans to be Paid 0
-4b. Loans not Repaid by 12/31 0
Total 4,365,176
![Page 11: Local Government Budgeting: Making Sense of Form 4-B Larry DeBoer Purdue University June 16, 2006 Purdue Extension Bottom-Kohlmeyer Fund Workshop](https://reader035.vdocuments.mx/reader035/viewer/2022081514/56649d555503460f94a31e98/html5/thumbnails/11.jpg)
The Budget as Checking Account
Expected Balance, Jan. 1 4,365,176
Expected Revenues, Bud. Year
Appropriations, Budget Year
Expected Balance, Dec. 31
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Expected Revenues, Budget Year
8b. Misc Revenues next year 3,680,742
13. CAGIT PTRC 0
14. Amount to be Raised 5,049,974
Total 8,730,716
![Page 13: Local Government Budgeting: Making Sense of Form 4-B Larry DeBoer Purdue University June 16, 2006 Purdue Extension Bottom-Kohlmeyer Fund Workshop](https://reader035.vdocuments.mx/reader035/viewer/2022081514/56649d555503460f94a31e98/html5/thumbnails/13.jpg)
The Budget as Checking Account
Expected Balance, Jan. 1 4,365,176
Expected Revenues, Bud. Year 8,730,716
Appropriations, Budget Year
Expected Balance, Dec. 31
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Appropriations, Budget Year
1. Budget, Incoming Year 9,226,505
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The Budget as Checking Account
Expected Balance, Jan. 1 4,365,176
Expected Revenues, Bud. Year 8,730,716
Appropriations, Budget Year 9,226,505
Expected Balance, Dec. 31
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The Budget as Checking Account
Expected Balance, Jan. 1 4,365,176
Expected Revenues, Bud. Year 8,730,716
Appropriations, Budget Year 9,226,505
Net, Budget Year -495,789
Expected Balance, Dec. 31
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The Budget as Checking Account
Expected Balance, Jan. 1 4,365,176
Expected Revenues, Bud. Year 8,730,716
Appropriations, Budget Year 9,226,505
Net, Budget Year -495,789
Expected Balance, Dec. 31 3,869,387
Equals Line 11, Operating Balance
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Checking Account Indicators
Balances as Percent of Appropriations
June (Line 6 / Line 1) 44.2%
January (Total Jan. / Line 1) 47.3%
December (Line 11 / Line 1) 41.9%
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Balances, Revenues Twice a Year
January 1 June 30 Dec. 31
50%
0%
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Checking Account Indicators
Target Balance, 6/30 & 12/31 One Half of Tax Levy, Percent of
Appropriations
½ x Line 14 / Line 1
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Budget Form 4-B: “The 16-Line Form”
Line 11:Operating Balance
![Page 22: Local Government Budgeting: Making Sense of Form 4-B Larry DeBoer Purdue University June 16, 2006 Purdue Extension Bottom-Kohlmeyer Fund Workshop](https://reader035.vdocuments.mx/reader035/viewer/2022081514/56649d555503460f94a31e98/html5/thumbnails/22.jpg)
Checking Account Indicators
Target Balance,6/30 & 12/31One Half of Tax Levy
Line 11: Operating Balance (not in excess of expense January 1 to June 30, less miscellaneous revenue for same period)
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Checking Account Indicators
Balances as Percent of Appropriations
June (Line 6 / Line 1) 44.2%
January (Total Jan. / Line 1) 47.3%
December (Line 11 / Line 1) 41.9%
Target/Ceiling (½ Line 14 / Line 1)
27.4%
![Page 24: Local Government Budgeting: Making Sense of Form 4-B Larry DeBoer Purdue University June 16, 2006 Purdue Extension Bottom-Kohlmeyer Fund Workshop](https://reader035.vdocuments.mx/reader035/viewer/2022081514/56649d555503460f94a31e98/html5/thumbnails/24.jpg)
Appropriations per Person
Adams County General Fund, 20061. Budget, Incoming Year 9,226,505Population 33,872Appropriations per Person 272State Median
245Highest (Pulaski) 506Lowest (Clark) 128
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Appropriations per Person
Counties have larger general fund appropriations per person if – They are Small (less than 15,000
people)
– They are more wealthy (larger A.V./person)
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Appropriations per Person
Counties have larger general fund appropriations per person if – They have less Homeowner
Property in their A.V.
– They have higher June balances as a share of appropriations
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Appropriations per Person
Adams County General Fund, 2006Appropriations per Person 272
Not smallNot wealthyMore homeownersBut. . . Lots of balancesOther factors?
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Assessment and Tax Billing Schedule
December Taxes / Tax Levy
Line 7 / Line 14
Should be just under 50%
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Assessment and Tax Billing Schedule
December Taxes / Tax Levy
Counties over 80%:
2002-03 none
2003-04 72
2004-05 61
2005-06 19