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1962 - Comp. Annual Financial Report e e ,. SHOREWOOD VILLAGE 1962 Budget Summary and Comparison with 1961 and 1960 A.ctual expenditures and receipts 1960 Total Budgeted Expenditures from detail pages 1 - 3~ Welfare fund Park fund General fund Estimated receipts, other than general property taxe8~ State cigarette taxes State liquor taxes Village cigarette and beer licenses Building and s'ewer permits Fines Sign permits and miscellaneous Road work and material sold _Budget__ 1961 1962 $ 4, 241 1,136 64,382 69,759 3,800 5,925 68,825 78,550 3,800 4,000 75,670 83,470 4,070) 5,700 4,960) 2,366) 3,510) 130 100 100 1,242 2,100 1,200 646 800 500 80 60 60 738 -- $ 9,272 8,76.0 10,330 Net amount to be levied as general property taxes Valuation (1961 per assessor): Real estate Personal property 69,790 73,140 1960 $ 1,682,507 74,432 $ 1,756,939 1961 1,767,742 74,347 1,842,089 Total mill rate (approximately $40 per $1,000 of assessed valuation) Segregation of mill rate: General fund Park fund Welfare fund Increase 85,150** Mills 1961 1962 39071 35048 2017 2006 39071 truck $3,000; police car $2,400; road department 39076 34023 3037 2016 39076 *Principal increases are: land $1,000. **Valuation increase from 1959 to 1960 was $117,5830 The 1961 valuation increase of $85,150 will produce $3,380 at 39071 millso . /tf"bJ --- Increase (Decrease) (1,925) 6,845* 4,920 2,770 (900 ) (300) 1,570 3,350 e e . SHOREWOOD VILLAGE 1962 Budget Details, page 1 Welfare fund: Case service Relief Park fund: Reserved for future land purchases County park system Recreation salaries: South Shore East Tonka Equipment and miscellaneous General fund: Mayor and Trusteesl salaries Clerk: Salary Secretarial service Miscellaneous Treasurer's salary Assessor: Salary Mileage Expenses Building and sewer inspector1s fees and expenses Village engineer1s fees Village attorney's fees Elections: Salaries Ballots, notices, and supplies General fund, carried forward Act ua1 1960 $ 971 3,270 4,241 384 600 152 1,136 1,295 1,380 22 6 1,408 300 1,800 337 17 2,154 912 630 497 96 593 $ 7,292 Budget 1961 800 3,000 3,800 4,000 575 950 150 250 5,925 1,320 1,380 75 1,455 300 1,800 250 200 2,250 1,500 150 1,200 250 50 300 8,475 Budget 1962 800 ~OOO 3,800 2,000 600 950 150 300 4,000 1, 320 1,500 1,500 300 1,800 350 300 2,450 1,000 600 1,600 500 100 600 9,370 Budget Increase (Decrease) (2,000) 25 50 (1,925) 120 (75) 45 100 100 200 (500) 450 400 250 50 300 895 e e . SHOREWOOD VILLAGE 1962 Budget Details, page 2 Actual 1960 General fund, continued, brought forward $ 7,292 Police protection: Salary - full time ) Salary - part time and vacation) PoEoRoAo (805%) Car operation and maintenance Radio Telephone Miscellaneous Road maintenance: Salaries - 3 full time) - part time PoEoRoAo (805%) Contract labor and equipment rent Gas, oil and tires Repairs and parts Road maintenance materials Paving projects materials (plus contract labor and equipment rent for 1962) Land rent Miscellaneous, including fuel oil Fire protection: Excelsior contract Island Park contract Calls Posters 5,070 279 1,142 500 85 110 7,186 16,445 1,281 2,240 2,790 2,204 15,063 -ll' 75 326 40,424 425 200 1,140 1,765 Budget 1961 8,475 4,500 385 1,500 500 120 300 7,305 15,900 900 1,300 1,500 3,300 3,200 15,870 2,900 75 250 45,195 425 200 1,400 25 2,050 Weed control - chemical 271 550 General fund, carried forward $ 56,938 63,575 *Not segregated from regular road materials in 1960 expenditures. Budget 1962 9,370 5,100 500 450 1,800 500 300 8,650 15,900 1,000 1,300 700 3,5.00 3,200 13,520 3,000 75 300 42,495 1,275 400 1,500 25 3,200 300 64,015 Budget Increase (Decrease) 895 600 500 65 300 (120 ) 1,345 100 (800) 200 (2,350) 100 50 (2,700) 850 200 100 1,150 (250) 440 e e . , SHOREWOOD VILLAGE 1962 Budget Details, page 3 Actual 1960 General fund, continued, brought forward $ 56,938 Street lighting Capital outlay: Road department: Signs and posts Culverts and tile Small tools, etco Jeep Spreader Truck Reserved for road department land Police car Total capital outlay Office expenses: Stationery and postage Telephone Rent Miscellaneous Undistributed: Publishing ordinances and financial statement Ins urance Bonds Interest Dues A.udit ing Planning Miscellaneous 256 92 385 114 685 444 1,720 2,159 3,879 176 37 300 513 263 1,576 117 252 426 162 2,796 Budget 1961 63,575 400 250 250 150 650 650 300 240 300 60 900 500 1,625 75 150 275 275 400 3,300 Total General fund $ 64,382 68,825 Budget 1962 64,015 400 100 350 150 3,000 1,000 4,600 2,400 7,000 300 240 300 60 900 500 1,750 80 250 275 300 100 100 3,355 75,670 Budget Increase (Decrease) 440 (150) 100 3,00P 1,000 3,950 2,400 6,350 125 5 100 25 (300) 100 55 6,845 . r. SHOREWOOD VILLAGE e 1962 Budget Details, page 4 Road Maintenance Materials and Proiects Budget 1961 ~antity Amount Maintenance materials~ Asphalt (tar in 1961) Seal sand Crushed rock for sealing Gravel Gravel for windrows Sleet sand Sleet salt 40,000 Gal. $ 1,000 T. 750 T. 2,000 Yds. 10 360 T. 10 T. 9,100 550 1,350 1,300 3,120 200 250 -- 15,870 e Paving projects (excluding regular labor but including contract labor and equipment rent for 1962)~ Minnetonka Manor Hillendale Road (spent only $250 in 1961) Woodside Road (patch only - material included above) Ivy Lane (.15 mile) Portion of Radisson Inn Road Echo Road (.35 mile) Covington Road (.40 mile) Culvert - Timber Lane 2,900 2,150 750 Reduction to balance budget Net for projects Total to detail, page 2 2,900 $ 18,770 Liquor Store Operating Budget (Not included in tax levy) . Sales, estimated Cost of sales, estimated at 80% of sales Gross profit Operating costs: Salary - manager Salary - clerk (30 hrs. per week at $1.65 = $49.50 X 52 = $2,575; plus $150 vacation) P.E.R.A. (8.5%) Rent Insurance and bonds Interest ($25,000 at 6%) Light and power Telephone Accounting and auditing Supplies and miscellaneous Balance for debt retirement Bude:et 19~ Quantity Amount 60,000 Gal. $ 9,150 1,475 T. 800 Yds. 1,000 T. 300 T. 10 T $ 6, 000 2,725 735 3,300 1,500 1,500 600 300 900 300 $ 2,655 6.00 700 165 250 13,520 5.00 1,100 650 1,650 2,300 300 6,500 ;h500 3,000 16,520 1962 $ 100,000 80.000 20,000 17 , 660, 2,149 -----"llIlIl