Proposed Budget for Little River, SC				Based on a population of 8,016
Revenue
State Shared Revenue	8,016	Residents at	$25	per capita	200,400
(Not a new tax: State of SC shares its existing revenue with municipalities on a per capita basis)
Property Tax Millage	10	mils at	$55,000	per mil	550,000
(This new tax increase would cost the resident owner of a $150,000 home about $6/year per mil, or $60)
Business Fees:
Insurance Tax					498,768
Insurance Brokers Tax					16,877
Telecommunication Tax					51,782
(A new tax by ordinance on telecommunications, insurance and insurance brokers)
Franchise Fees					100,000
(A new tax by ordinance on public utilities like cable, electric & gas operating within the city)
Plan Review Fees					10,000
(Fees generated by the Planning and Zoning Office; this fee is currently going to Horry County)
				Total	1,427,827		1,427,827
Expenses
Personnel
Mayor					12,500
Council					27,500
Administrator					65,000
Clerk					35,000
Planning & Zoning	4	Employees at	$50,000		200,000
FICA					24,000
SC Retirement					32,000
Health Insurance					40,000
				Subtotal	436,000		436,000
Insurance
Workers Comp					10,000
Property & Casualty					5,000
Liability Umbrella Policy					2,000
				Subtotal	17,000		17,000
Contract Services
Legal					24,000
Accounting					12,000
Audit					5,000
				Subtotal	41,000		41,000
Public Safety
Additional Law Enforcement Officers	5	Officers at	$50,000	each	250,000
(Horry County has offered to increase their police coverage on a contract basis)
Police Cars (2 cars per 5 Officers)	2	Cars at	$20,000	annually	40,000
Police Equipment (1 laptop per car, Tazers, ugraded radios)					40,000
Gasoline & Motor Fluids					18,000
				Subtotal	348,000		348,000
Operating Expenses
Rent					18,000
Utilities					5,000
Telephone					3,000
Postage					2,000
Office Supplies					3,500
Advertising & Printing					5,000
				Subtotal	36,500		36,500
Capital Expenses
Vehicles--Planning & Zoning (Purchase/Rent/Lease)					40,000
Computer Systems					12,788
Office Furniture					5,000
				Subtotal	57,788		57,788
Subtotal Expenses							936,288
Contingency	20%	of Subtotal Expenses			187,258		187,258
Total Expenses							1,123,546
Projected Surplus (Any Deficit would appear in parentheses)							304,281