Corry City Council will have its final meeting of the year today, when members will vote on a second reading of a 2020 appropriation ordinance that lays out Corry's 2020 budget.
The ordinance lists the city's general fund estimated revenue for 2020 to be $4,117,425. This includes $2,623,000 in receipts from the current tax levy, $185,000 from receipts from taxes of prior years and $1,309,425 in other revenue.
The budget has been balanced with estimated expenses from the general fund totaling $4,117,425. The costs include $4,040,434 in operating expenses, which include $276,850 in general government, $283,180 in protection to persons and properties, $358,500 in highways and $2,786,354 in miscellaneous, which includes payroll, benefits and insurance.
Expected revenue and expenses for sewage, water and garbage are represented by separate funds.
The estimated revenue from the sewage disposal fund is $1,828,000. This includes $1,747,500 in receipts from sewer use.
Estimated expenses from the sewage disposal fund are the same as revenue and include $598,852 for operations and maintenance and $419,598 for sewage disposal payroll, benefit and insurance.
Estimated revenue and expenses for the water fund match at $1,550,343. Water fund expenses include $362,200 for operations and maintenance and $494,079 for water payroll, benefit and insurance.
Estimated revenue and expenses for garbage are the same at $630,000 and include expenses of $582,700 for refuse and recycling.
A golf fund has estimated revenue and expenses equal at $349,500, which includes the expenses for operation and maintenance of $150,300.
A payroll fund consists of revenue from transfers from other funds, to total $2,718,805 and match the amount in expenses for wages in all departments.
Amounts for estimated wages to be paid in 2020 are broken up as follows — admin. and tax collection wages, $174,477; highway wages, $395,955; police wages, $731,360; fire wages, $431,460; recreation wages, $43,000; elected officials, $8,750; appointed positions, $37,500; building maintenance wages, $15,000; sewer wages, $295,148; water wages, $289,429; Mead Park wages, $12,000; golf wages, $151,265; and payroll taxes, $133,960.
The budget is to be presented along with a second reading of a 2020 tax levy ordinance, which shows no increase in property taxes. Taxes will stay at 10.35 mills for the fourth consecutive year.
This means a home valued at $100,000 will have a tax bill of $1,035. Residents can estimate their 2020 tax bill by multiplying their home's estimated value by 0.01035.