SPENDING PLAN | Farrell budget The city is looking at a 2003 proposed budget of $2,085,173. Major sources of revenue and major expenditures (with 2002 numbers in parentheses) include:

REVENUES
Real estate taxes: $700,000 ($733,400).Wage, occupational privilege and real estate transfer taxes: $ 811,500 ($775,500).Payments in lieu of taxes: $198,000 ($203,000).Transfers from other funds: $50,000 ($78,500).Licenses and permits: $67,000 ($37,250).Beginning cash balance: $20,987 ($46,846).Grants and state aid: $89,786 ($46,851).
EXPENDITURES
Police services: $849,592 ($791,850).Fire services: $248,100 ($236,996).Public works department: $$267,510 ($252,839).Employee benefits: $298,349 ($242,651).Administration: $130,060 ($120,060).Library: $79,500 ($75,300).