TOWN OF NORFOLK REVENUE 2001 2006 AVERAGE GROWTH SOURCE AVERAGE - PDF document

TOWN OF NORFOLK REVENUE 2001 – 2006 AVERAGE GROWTH SOURCE AVERAGE GROWTH STATE AID 1.69 % REAL ESTATE TAXES 7.79% OTHER 8.02% ALL REVENUE 6.47% EXPENSES 2001 – 2006 AVERAGE GROWTH TYPE AVERAGE GROWTH FIXED 12.59 % VARIABLE 4.94 %

Budgeted Revenues & Expenses (Net of Excluded Revenue and Debt Service) $25,000,000 $24,411,249 Recommended $24,000,000 $23,000,000 $22,452,186 $ 23,035,599 Balanced $21,762,637 $22,000,000 $21,875,754 $20,501,249 $21,000,000 $21,244,078 $20,492,033 $20,000,000 $18,767,862 $19,000,000 $19,598,118 $18,000,000 $17,434,642 $18,154,389 $17,000,000 $16,531,751 $16,000,000 FY01 FY02 FY03 FY04 FY05 FY06 Revenue Recommended Exp Balanced Exp

Other Sources of Revenue How we have filled the gap! $3,000 Thousands $2,500 $2,000 $1,500 $1,000 $500 $0 FY01 FY02 FY03 FY04 FY05 FY06 Ambulance Fund Cemetery Cops FAST Free Cash Worker's Comp Overlay Override Water Revenue (Debt)

Town of Norfolk Budgeted - Net of School Building Assistance and Excluded Revenue and Debt Service Expenses vs. Revenues $30 Millions $24.4 $25 $23.0 $22.5 $21.9 $21.9 $21.8 $21.2 $20.5 $20.5 $19.6 $20 $18.8 $18.2 $17.4 $16.5 $15 $10 $5 $- FY01 FY02 FY03 FY04 FY05 FY06 Balanced FY06 Recommended Expenses Revenues

Norfolk Budgeted Revenue FY01 - FY06 (Does not include Debt Excluded Revenue & School Building Assistance) 25 Average Growth All Revenue = 6.47 % $21,875,755 Real Estate Revenues = 7.79 % $21,006,797 State Aid = 1.69 % $20,003,053 Other = 8.02 % $19,292,673 20 $18,422,258 $16,531,751 15 Local Revenue Millions Real Estate Taxes New Growth State Aid 10 5 0 FY01 FY02 FY03 FY04 FY05 FY06

State Aid Education & General Government $4 $3 Aid in Millions $2 $1 $0 FY01 FY02 FY03 FY04 FY05 Education General Government

FY05 Accepted VS FY06 Balanced VS FY06 Recommended Budgeted Fixed & Variable Expenses - Does not include SBAB and Excluded Revenue and Debt Service 100% 90% 80% $13,791,370 70% $15,111,092 $14,144,523 60% 50% 40% 30% 20% $9,244,229 $9,300,157 $8,307,662 10% 0% FY05 FY06 Balanced FY06 Recommended Fixed Expenses Variable Expenses

Town of Norfolk Variable Vs. Fixed Expenses $30 Millions $25 $20 Average Variable Increase = 4.94 % $15 $10 $5 Average Fixed Increase - 12.59% $- FY01 FY02 FY03 FY04 FY05 FY06 Balanced FY06 Recommended $12,119,490 $13,042,831 $13,807,738 $14,192,700 $14,144,523 $13,791,370 $15,111,092 Variable Expenses $5,315,152 $5,725,031 $6,693,511 $7,569,937 $8,307,662 $9,244,229 $9,300,157 Fixed Expenses

Real Tax Revenue by Type $16 Millions $15 $14 $13 $12 $11 $10 $9 $8 FY01 FY02 FY03 FY04 FY05 Residential Commercial Industrial