HomeMy WebLinkAbout2022 Budget Cover Summary Analyses
2022 PRELIMINARY BUDGET
Presented to the Public for Review & Comment 27 October 2021
Public Hearing To Be Held on 2 November 2021 at 7:00 PM
Town of Danby, New York Preliminary Budget 2022
SUMMARY OF 2022 FISCAL BUDGET BY FUND
BUDGET RATE ANALYSIS 2022
Fund Approprations
Estimated
Revenue
Unexpended
Fund Balance
To Raise by
Taxes
A General - Townwide $ 1,048,448.00 $ 91,150.00 $ 20,000.00 $ 937,298.00
DA Highway - Townwide $ 1,452,101.00 $ 210,550.00 $ 20,000.00 $ 1,221,551.00
TOTAL TOWN $ 2,500,549.00 $ 301,700.00 $ 40,000.00 $ 2,158,849.00
SF Danby Fire District $ 567,000.00 $ 0.00 $ 0.00 $ 567,000.00
SW West Danby Water District $ 53,975.00 $ 33,285.00 $ 4,000.00 $ 16,690.00
TOTAL SPECIAL DISTRICTS $ 620,975.00 $ 33,285.00 $ 4,000.00 $ 583,690.00
GRAND TOTAL $ 3,121,524.00 $ 334,985.00 $ 44,000.00 $ 2,742,539.00
Fund Taxable Value 2022 Proposed Tax Tax Rate
A $ 334,664,802.00 $ 937,298.00 2.801
DA $ 334,664,802.00 $ 1,221,551.00 3.650
SF $ 344,551,375.00 $ 567,000.00 1.646
SW $ 16,709,504.00 $ 16,690.00 0.999
Fund
2022 Proposed
Tax
2021 Tax
Rate
2022 Tax
Rate % Inc/Dec
A $ 937,298.00 2.574 2.801 8.819
A+DA $ 2,158,849.00 6.074 6.451 6.207
A+DA+SF $ 2,725,849.00 7.711 8.097 5.006
A+DA+SF+SW $ 2,742,539.00 9.543 9.096 -4.684
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Town of Danby, New York Preliminary Budget 2022
What this means in real dollars:
NOTE:
For Example:
TAX LEVY ANALYSIS 2022
For Every $100,000 in Assessment
Tax Bill Will
Increase by
Property Only $ 37.70
With Fire District $ 38.60
With Water District $ (44.70)
For every $ 10,000 the budget is modified,
the change in taxes per $100,000 of Assessment is +/- $3.00 .
If the Board increases the Highway Budget by $ 50,000 to fund a reserve for equipment,
the change in taxes per $100,000 (assessed) is $15.00 .
Thus, the change per $100k (assessed) is $52.70 instead of $37.70.
Fund 2021 2022 Change % Change
General $ 853,978 $ 937,298 $ 83,320 9.757%
Highway $ 1,161,265 $ 1,221,551 $ 60,286 5.191%
Fire District $ 559,000 $ 567,000 $ 8,000 1.431%
Water District $ 29,844 $ 16,690 $ (13,154)-44.076%
Total $ 2,604,087 $ 2,742,539 $ 138,452 5.317%
2022 Tax Cap
Limit
Tax Levy
(Gen+Hwy+Wtr)Difference
Tax Levy (Gen, Hwy, Wtr)
Difference20212022
$ 2,111,744 $ 2,175,539 $ 63,795 $ 2,045,087 $ 2,175,539 $ 130,452
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