Town of Richmond 2025 Budget Hearing
NOTICE IS HEREBY GIVEN that a PUBLIC HEARING on the PROPOSED 2025 BUDGET of the Town of Richmond will be held at the Richmond Town Hall on Thursday, November 14, 2024 at 6:00 P.M. The Proposed budget in detail is available for inspection at the Town Clerk’s office upon appointment. The following is a summary of the proposed 2025 Budget:
|
2025 Budget |
|||
|
2025 |
% change |
2024 |
|
|
Revenues |
2025 |
2024 |
|
|
Tax levy |
$419,192.00 |
-1.79% |
$426,839.00 |
|
Mobile Home Fees |
$2,000.00 |
$3,000.00 |
|
|
Intergovernmental Revenue |
$2,256,405.00 |
$601,787.00 |
|
|
Fines, Forfeitures & Penalties |
$0.00 |
$0.00 |
|
|
Licenses & Permits |
$66,500.00 |
$66,500.00 |
|
|
Public Charges for Services |
$75,000.00 |
$75,000.00 |
|
|
Impact Fees |
$285,000.00 |
$212,500.00 |
|
|
Miscellaneous Revenue |
$20,000.00 |
$20,000.00 |
|
|
Cash Reserves |
$424,998.00 |
$312,500.00 |
|
|
100th St. Construction Loan |
$1,900,000.00 |
% change |
|
|
Total Revenues |
$5,449,095.00 |
217.15% |
$1,718,126.00 |
|
Expenditures |
|||
|
General Government |
$189,700.00 |
$191,200.00 |
|
|
Public Safety |
$217,245.00 |
$218,515.00 |
|
|
Public Works |
$3,060,270.00 |
$1,073,411.00 |
|
|
Health & Human Services |
$0.00 |
$0.00 |
|
|
Culture, Recreation & Education |
$0.00 |
$0.00 |
|
|
Conservation & Development |
$0.00 |
$0.00 |
|
|
Debt Service |
$1,956,880.00 |
$0.00 |
|
|
Other Financing Uses |
$15,000.00 |
$225,000.00 |
|
|
Reserve for Contingencies |
$10,000.00 |
% change |
$10,000.00 |
|
Total Expenditures |
$5,449,095.00 |
217.15% |
$1,718,126.00 |
|
Est. Balance 12/31/2024 |
Balance 1/1/2024 |
||
|
General Checking |
$985,000.00 |
$1,156,614.00 |
|
|
Impact Fee Money Market |
$351,000.00 |
$259,659.00 |
|
|
Emergency Operations |
$32,950.00 |
$29,134.00 |
|
|
Security & Damage Deposit |
$140,000.00 |
$117,500.00 |
|
|
ARPA Funds |
$0.00 |
$344,471.00 |
|
|
Town of Richmond has a total indebtedness of $0.00 |
|||
Special Town Meeting of the Electors
NOTICE IS HEREBY GIVEN that on Thursday, November 14, 2024, immediately following the completion of the Public Hearing on the proposed 2025 Budget, which begins at 6 P.M. at the Richmond Town Hall, 1428 100th St, New Richmond, A Special Town Meeting of the Electors, called by the town board, pursuant to Section 60.12(1)(c) of the Wisconsin Statutes, will be held for the following purposes: 1. To adopt the 2024 Town Tax Levy to be paid in 2025 pursuant to Sec. 60.10(1) (a) of the Wis. Statutes.
Posted this 30th day of October, 2024.
Patrick Earley, Town Clerk