The total revenues of the budget of the Municipality of Tivat for the year 2024 at the end of the third quarter amounted to 23.921.828 euros, which is 81,81 percent of the total expected 2024 euros for the entire year 29.239.100 in the city coffers.
Of this, 7,49 million euros of unspent funds were transferred from last year's budget to this year's budget, while current revenues for the nine months of 2024 amounted to 16,35 million euros. This year's current revenues are about 2,5 million euros higher than those in the comparative period last year.
The municipality did not take loans or loans, nor did it receive donations, and not a single cent of funds from the state budget was transferred to it. The City Administration regularly pays all its bills, so at the end of September the Municipality had no outstanding obligations.
This is stated in this year's third quarterly report on the realization of the budget of the Municipality of Tivat for 2024.
In nine months of this year, the city treasury received a total of 11,96 million euros from tax collection, of which the most, 5,9 million euros, came from real estate tax collection. In nine months, 3,15 million euros poured into the municipal coffers from the personal income tax. Income from various taxes at the same time amounted to almost 250.000 euros, while 3,04 million euros were received from fees, the most from fees for the arrangement and construction of construction land (utilities), which was collected in the amount of 2,78 million euros.
Other revenues of the Municipality at the end of the third quarter totaled 1,1 million euros.
The total budget expenditures of Optina Tivat from January 1 to the end of September amounted to EUR 13.446.150, which is only 45,99 percent of the total expenditures for 2024, planned at EUR 29,23 million. Most of the money, 4,27 million euros, was spent on transfers to institutions, individuals, non-governmental and public sectors. On the so-called "other transfers" from the city coffers amounted to 1,34 million euros, while capital expenditures for the construction of new infrastructure and public facilities for nine months amounted to 4,17 million euros.
Gross wages and employer's contributions for local government workers cost citizens EUR 1,8 million in nine months, and other personal incomes of Municipality workers EUR 177.000. Expenditures for materials of the Tivat local administration in the first three quarters of 2024 amounted to 276.000 euros, while 808,5 thousand euros were paid for services. In nine months of this year, the local administration spent a total of 1,38 million euros on the repayment of previously taken long-term loans intended for the construction of water supply and sewerage infrastructure.
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