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ORDER APPROVING THE 2024-25 LIGHTHOUSE CAROUSEL ENTERPRISE FUND BUDGET
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ORDERED by the New Haven Board of Alders that the operating budget for the Lighthouse Carousel fund be and hereby is approved for FY 2024-2025 as follows:
For the Year Ending 6/30/2025
Fiscal Year 2025 Anticipated Beginning Balance 692,487
Anticipated Revenues for Fiscal Year 2024-25
Rental Revenues
Permit Application Fee 6,000
Overtime Fees - Maintenance 50,000
Overtime Fees - Security 15,000
Rental Income - Building 40,000
Rental Income - Chairs & Tables 20,000
Other Miscellaneous Fees including administration 25,000
Net Anticipated Revenue 156,000
Anticipated Expenditures for Fiscal Year 2024-25.
Administrative Expenditures
Salaries 74,179
Salary Reserve 0
Security staff 2,000
Overtime 50,000
Longevity 2,225
3144 Spec Fund 457 1,528
Repairs & Maintenance 5,000
Remodeling/Renovations 500,000
Misc Expenses 5,000
FICA/Medicare 5,845
Workers Compensation 475
Net Anticipated Expenditures 646,252
FY 2024-25 Anticipated Operating Result Gain / (Loss) (490,252)
FY 2024-25 Anticipated End of Year Balance 202,235