Projected Budget Report
Local Government Name:		Village of Colon														Village of Colon
Local Unit Code:		753030														753030
Current Fiscal Year End Date:		3/31/2015														3/31/2015
Fund Name:		General Fund														General Fund
REVENUES		Current Year Budget		Percentage Change				Year 2 Budget		Assumptions		Percentage Change				Year 3 Budget		Percentage Change				Year 4 Budget		Percentage Change				Year 5 Budget
Property Taxes	$	281,800			%		$	281,800					%		$	281,800			%		$	281,800			%		$	281,800
Other Taxes	$	84,000			%		$	84,000					%		$	84,000			%		$	84,000			%		$	84,000
State Revenue Sharing	$	70,500			%		$	70,500					%		$	70,500			%		$	70,500			%		$	70,500
Income Tax	$	-			%		$	-					%		$	-			%		$	-			%		$	-
Fines & Fees	$	10,740			%		$	10,740					%		$	10,740			%		$	10,740			%		$	10,740
Licenses & Permits	$	8,700			%		$	8,700					%		$	8,700			%		$	8,700			%		$	8,700
Interest Income	$	337			%		$	337					%		$	337			%		$	337			%		$	337
Grant Revenues	$	-			%		$	-					%		$	-			%		$	-			%		$	-
Other Revenues	$	1,750			%		$	1,750					%		$	1,750			%		$	1,750			%		$	1,750
Interfund Transfers (In)	$	48,500			%		$	48,500					%		$	48,500			%		$	48,500			%		$	48,500
Total Revenues	$	506,327					$	506,327							$	506,327					$	506,327					$	506,327
EXPENDITURES
General Government	$	114,487			%		$	114,487					%		$	114,487			%		$	114,487			%		$	114,487
Police and Fire	$	378,934			%		$	378,934					%		$	378,934			%		$	378,934			%		$	378,934
Other Public Safety	$				%		$	-					%		$	-			%		$	-			%		$	-
Roads	$				%		$	-					%		$	-			%		$	-			%		$	-
Other Public Works	$	55,551			%		$	55,551					%		$	55,551			%		$	55,551			%		$	55,551
Health and Welfare	$	69,817			%		$	69,817					%		$	69,817			%		$	69,817			%		$	69,817
Community & Economic Dev.	$	14,350			%		$	14,350					%		$	14,350			%		$	14,350			%		$	14,350
Recreation & Culture	$	25,148			%		$	25,148					%		$	25,148			%		$	25,148			%		$	25,148
Capital Outlay	$				%		$	-					%		$	-			%		$	-			%		$	-
Debt Service	$				%		$	-					%		$	-			%		$	-			%		$	-
Other Expenditures	$				%		$	-					%		$	-			%		$	-			%		$	-
Interfund Transfers (Out)	$	16,000			%		$	16,000					%		$	16,000			%		$	16,000			%		$	16,000
Total Expenditures	$	674,287					$	674,287							$	674,287					$	674,287					$	674,287
Net Revenues (Expenditures)	$	(167,960)					$	(167,960)							$	(167,960)					$	(167,960)					$	(167,960)
Beginning Fund Balance	$	426,158					$	258,198							$	90,238					$	(77,722)					$	(245,682)
Ending Fund Balance	$	258,198					$	90,238							$	(77,722)					$	(245,682)					$	(413,642)
All Assumptions for all Budgets
No major changes in any area