Notice is hereby given that on Wednesday, November 20, 2019 at 7:00 P.M. at the Alma
Town Hall a PUBLIC HEARING on the PROPOSED BUDGET of the Town of Alma will be held. The proposed budget in detail is available for inspection by contacting the Town Clerk.
The following is a summary of the proposed 2020 Budget.
| 2018 | 2019 | 2019 | 2020 | % | |
| REVENUES | Actual | Budget | Act./Est. | Proposed | Change |
| General Property Taxes | 142,468 | 143,772 | 143,772 | 144,395 | 0.43% |
| Other Taxes | 17,352 | 15,000 | 16,971 | 15,000 | |
| MBHM Parking Fees | 5,056 | 5,550 | 5,000 | 5,000 | |
| Intergovernmental Revenues | 235,445 | 228,491 | 230,400 | 250,483 | |
| Licenses and Permits | 4,037 | 3,250 | 6,702 | 3,250 | |
| Public Charges for Services | 8,205 | 2,900 | 7,709 | 2,900 | |
| Computer Aid | 45 | 80 | |||
| Intergovernmental Charges | 0 | 0 | |||
| Miscellaneous Revenue | 4,056 | 1,000 | 1,251 | 1,000 | |
| TOTAL REVENUES | 416,664 | 399,963 | 411,885 | 422,028 | 5.50% |
| EXPENDITURES | |||||
| General Government | 77,857 | 72,100 | 75,665 | 75,700 | |
| Public Safety | 22,488 | 30,800 | 32,714 | 23,300 | |
| Public Works | 319,641 | 293,381 | 275,915 | 337,855 | |
| Cemetery | 1,212 | 1,200 | 1,800 | 1,800 | |
| Smart Growth | 0 | 0 | 0 | ||
| Capital Outlay-Machinery | 50,885 | 0 | 0 | ||
| Capital Outlay-Buildings | 0 | 0 | 0 | ||
| Reserve for Equipment | 0 | 25,000 | 0 | 10,000 | |
| Building reserve | 0 | 0 | |||
| Reserve for Contingencies | 0 | 0 | 0 | ||
| TOTAL EXPENDITURES | 472,083 | 422,481 | 386,094 | 448,655 | 6.19% |
| EXCESS OF REVENUES | -55,419 | -22,518 | 25,791 | -26,627 | |
| OVER(UNDER) EXPENDITURES | |||||
| CASH BALANCE JANUARY 1 | |||||
| Excluding Advance Tax Collections | |||||
| Reserved | 56,249 | 51,247 | 56,200 | 81,200 | |
| Unreserved | 91,046 | 47,518 | 35,836 | 36,627 | |
| TOTAL CASH BALANCE JAN 1 | 147,295 | 98,765 | 92,036 | 117,827 | |
| CASH BALANCE DECEMBER 31 | |||||
| Reserved | 56,200 | 76,247 | 81,200 | 91,200 | |
| Unreserved | 35,836 | 0 | 36,627 | ||
| TOTAL CASH BALANCE DEC. 31 | 92,036 | 76,247 | 117,827 | 91,200 | |
| Property Taxes Levied for Town | 142,629 | 143,772 | 143,772 | 144,395 | |