Budget

The Fire District uses budget dates starting January 1 through December 31. The Fire Chief is designated by Missouri statute to be the budget officer. The budget process is started in October and is presented for approval to the Fire Board in November. A hearing is held in late August that sets the rate of taxation for the Fire District's general operations fund and the firemen's pension fund for the next year. How that levy rate is determined is provided below. This information is required to be published prior to the special hearing so that the general public can comment prior to ordinance adoption by the fire board. Missouri statues limit the maximum rate a fire district can levy. The taxable rate is based off of each property's assessed valuation. The Jackson County Clerk's Office determines each city's aggregate assessed valuation and reported new construction for all political subdivisions from the previous year.

In accordance with State Statue 67.110, notice is herby given that a public hearing will be held at 9:00 a.m., August 14th, 2007, at the Raytown School District Board Room at 6608 Raytown Road, Raytown, Missouri,** at which time citizens may be heard on the property tax rates proposed to be set by the Raytown Fire Protection District, a political subdivision. The tax rates shall be set to produce the revenues which the budget for the fiscal year beginning January 1, 2008, shows to be required from the property tax. Each tax rate is determined by dividing the amount of revenue required by the current assessed valuation. The result is multiplied by 100 so the tax rate will be expressed in cents per $100 valuation.

Assessed Valuation	2007	2006	$ Change

Real Estate	$278,002,128	$268,827,067	$9,175,061
Personal Property	$62,368,553	$60,392,241	$1,976,312
State Assessed Real Estate	$4,222,055	$4,334,407	-$112,352
State Assessed Personal Property	$1,287,752	$1,330,982	-$43,230
Total Valuation	$345,880,488	$334,884,697	$10,995,791

Real Estate New Construction	$658,464	$1,128,153	-$469,689

For General Fund Operations
Budgets from levy source	$2,697,868	$2,612,124	$85,744
Levy Rate	$0.7800	$0.7800	$0.0000

For Pension Fund Operations	$158,067	$153,044	$5,023
Levy Rate	$0.0457	$0.0457	$0.0000

For Debt Service	$551,333	$535,820	$15,513
Levy Rate	$0.1594	$0.1600	-$0.0006

** The Fire Board meeting has been temporarily moved to this location due to construction at Fire Station 1.

To determine how much revenue is required, a series of calculations are required from the State Auditor's office for each fund that is requested by the jurisdiction. The results are submitted back to the county clerk and then forwarded to the State Auditor's office for final approval. The county's collection department then begins to collect the taxes after the first of each year and forward revenues to our accounts by wire transfer as they are received.

The following is the proposed budget for BY2008. This is in summary form. The full version of this budget can be viewed at the headquarters station during normal business hours.

Summary for General Operations Budget 2008 Expenditures
Salaries Total	$2,311,848.93
Other Salaries Total	$203,932.52
Insurance Total	$380,747.29
Training, Travel Total	$68,043.70
Physical Fitness total	$56,377.00
Contract/Professional Services Total	$70,178.71
Fuel / Oil Total	$23,500.00
Equipment Total	$60,955.00
Building Maintenance Total	$11,575.00
Bank Charges	$3,150.00
Utilities Total	$42,500.00
Supplies Total	$19,410.00
Dues and Subscription Total	$5,744.00
Uniforms Total	$34,298.67
Office Supplies Total	$22,380.00
Postage Total	$595.00
Employee Recruitment	$0.00
Instruction Expense Total	$15,280.98
Future Use Total	$0.00
Election Expense Total	$0.00
New Equipment Supplies Total (Not Funded)	$0.00
Contingency Fund Total	$3,150.00
Transfer General Fund to Pension Total	$117,544.00
Total	$3,451,210.80

The following are estimates of all income sources. Income for budgeting purposes are estimated on the conservative side. The unpredictability of those taxpayers paying on previous years assessments are unknown. Likewise, the sales tax that is collected is dependant on fluctuation on consumer activity and timeliness of vendors passing the sales tax revenue payments to the State of Missouri Department of Revenue.

Estimated income 2007 (PP tax revenue only)	$2,697,868.00
Less County Fee 1.60 %	($43,165.89)
Net collected	$2,654,702.11
Estimated income from misc. sources (conservative) (Railroad, Replacement, PILOT, Financial taxes)	$98,273.73
Interest on past due taxes	$30,000.00
Subtotal from Jackson county	$2,782,975.84
Less Woodson TIFF (Apple Market and Dollar General)	($4,312.62)
Estimated income from 2007 Sales Tax (conservative)	$600,000.00
Estimated Interest Income	$86,988.00
Estimated income from 2007 Cellular tower contract	$10,000.00
Misc. Reports etc	$3,500.00
Estimated total income	$3,479,151.22