Are we spending wisely?
This page is still under construction
How we get it:
Revenue sources for Bear Valley Springs are very limited due to us being a private community. Most of our revenue comes from your property tax bill. Revenues also come from assessments on your tax bill as well as various fees and a few other misc. resources like the sale of RFID tags.
Who are we?
Demographics
Population: 5905
Median Age: 55
Per Capita Income: $56,047
Median Household Income: $115,135
Persons Below Poverty: 3.2%
How much do we get:
General Fund Revenues
Property Tax $2,500,000
Property Tax Collection Fee -$22,000
Police Special Tax $290,000
Officer Wellness Grant $0
Gate Special Tax $270,000
P.O.S.T. Reimbursement $8,000
Interest Income $80,000
Rents $225,000
Fines $4,500
Other $22,851
RFID Sales $80,000
Address Posts $150
Reimbursed Expense $8,000
Reimbursed Expense – Police $1,500
Bark Beetle Payment $0
Service Fee $7,500
Donations Received $4,559
Total General Fund Revenue $3,480,060
Enterprise Funds
An enterprise fund establishes a separate accounting and financial reporting mechanism for municipal services for which a fee is charged in exchange for goods or services. An enterprise fund is a separate fund with its own financial statements, rather than commingled with the revenues and expenses of all other government activities. An enterprise fund may not be established for normal government operations.
Establishing an enterprise fund does not create a separate or autonomous entity from the municipal government operation. The municipal department operating the enterprise service continues to fulfill financial and managerial reporting requirements like every other department.
Enterprise funds are established to account for operations that are financed and operated in a manner similar to private business enterprises, where the intent of the governing body is that the costs of providing services to the general public on a continuing basis be financed or recovered primarily through user charges.
Solid Waste Enterprise $1,209,923
Wastewater Enterprise $1,108,899
Water Enterprise $5,782,577
Total Enterprise Fund Revenue $8,101,399
Special Revenue Funds are collected on the property tax bill as levies against property owners
for a specific purpose and therefore should be separately accounted.
Departments/Divisions receiving special revenue funds include:
Public Safety/Gate ($75/parcel/year; unchanged since 2006) x 3663 Billed parcels = $274,725
Public Safety/Police ($80/parcel/year;unchanged since 1995) x 3663 Billed Parcels = $293,040
Public Works/Roads ($340/parcel/year, unchanged since 1996) x 3663 Billed Parcels = $1,245,420
An enterprise fund establishes a separate accounting and financial reporting mechanism for
municipal services for which a fee is charged in exchange for goods or services. An enterprise
fund is a separate fund with its own financial statements, rather than commingled with the revenues and expenses of all other government activities. An enterprise fund may not be established for normal government operations.
Establishing an enterprise fund does not create a separate or autonomous entity from the municipal government operation. The municipal department operating the enterprise service continues to fulfill financial and managerial reporting requirements like every other department.
Enterprise funds are established to account for operations that are financed and operated in a manner similar to private business enterprises, where the intent of the governing body is that the costs of providing services to the general public on a continuing basis be financed or recovered primarily through user charges.
Departments/Divisions operating via enterprise funds:
Public Works/Solid Waste
Public Works/Wastewater
Public Works/Water
Where we spend it:
Planned Expenditures – General Fund
Salaries & Benefits $ 2,025,901
Services & Supplies $ 927,102
Debt Servicing $0
Capital Outlay $524,457
-Land $ 0
-Buildings $0
-Structures & Improvements $385,440
-Equipment $139,017
Expenditure Transfers $0
Transfer to Other Funds $164,628
Total $3,642,088
The General Fund Budget is spending $162,028 more than it will take in