Budget Workshop, May 29, 2012

CALL TO ORDER 

Mayor Hunt declared a quorum present and called the meeting to order at 6:30 PM.

NEW BUSINESS 

Finance Officer Blake Proctor began the workshop by explaining his reasonings for the various amounts of revenues in the General Fund, and delineating all changes in revenues. The Board asked several general questions about the revenue levels. General Fund revenues for Fiscal Year 2012-2013 are expected to be $885,350, a decrease of $14,650, or 1.6%, from the original Fiscal Year 2011-2012 $900,000 budget level.

Mr. Proctor then went through each General Fund Department, again explaining changes in line item expenditure levels. In the Powell Bill Department, it was determined that we still needed monies appropriated for Railroad Crossing Maintenance, and $4,350 was added to that line item. In Sanitation, it was the consensus of the Board that the Landfill Expense line item was over-budgeted and was halved to $6,000. Mr. Proctor explained that these changes will lead to a net increase in the Contingency line item of $1,650, but the General Fund will remain unchanged at $885,350, resulting in a balanced budget with no need to dip into Fund Balance.

The next Budget Workshop will be at 6:30PM on Thursday, May 31st.

ADJOURNMENT 

Motion by Commissioner Hunt, second by Commissioner Boyd, to adjourn at 8:01PM

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