The Orchard City water capital construction fund will be the source of $300,000 for replacement of waterlines in the Del Ray subdivision. Money paid into the fund by water users' $5 monthly capital construction fee will raise $128,544 on the revenue side.
The fund begins 2016 with a balance of $985,554 and is expected to end the year with a balance of $745,624.
Orchard City's trustees have approved and adopted a 2016 budget that calls for $2.08 million in spending ("total expenditures") across its four main funds: general fund, road fund, water fund, and capital construction fund.
The town is also budgeting expenditures of $61,444 in the park fund. The money for the park fund is provided by several sources including franchise fees and transfers of $40,340 from other town funds.
Orchard City's general fund is the source of money for governmental operations and is funded 49 percent by the town's share of the countywide sales tax. Orchard City itself does not have a sales tax nor a property tax.
Other sources of money for the general fund include various state revenues, including minerals severance tax, which in total comprise 27 percent of revenue. Money from franchise taxes provides 19 percent of revenue.
The general fund calls for $376,019 of expenditures in the budget document and is expected to end the year with a total ending balance of $2.34 million.
The town is budgeting $50,000 for police protection from the county sheriff's office, and the same amount of spending for broadband infrastructure.
The town's road fund derives 85 percent of its revenue from the state gasoline tax. The budget message states, "The road fund is no longer able to sustain itself with the declining revenue in [state gas tax] and interest earnings. It is the hope of the [town board] that the community will become aware of the failing road fund and that future projects will have to be supplemented by other sources."
The town's water fund is the biggest of the town's budget funds. Much of the town's administrative, clerical, and public works spending is allocated to the water fund and in maintaining Orchard City's extensive domestic water utility.
The $1.07 million in spending from the water fund will include operating expenses of $909,700, plus mandated capital reserves. The water fund is slated to end the year with a balance of $874,214.