Budget Workshop, May 31, 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 Utility Fund, and delineating all changes in revenues. Utility Fund revenues for Fiscal Year 2012-2013 are expected to be $402,750, a decrease of $11,700, or 2.8%%, from the Fiscal Year 2011-2012 $414,450 budget. The Board entered into a discussion regarding the continuing shortfalls in revenues and asked Mr. Proctor to prepare an analysis of a wide range of revenue enhancement options, including options for the General Fund.

Mr. Proctor then went through each Utility Fund Department, again explaining changes in line item expenditure levels. He explained that single major budget change was Retiree Insurance, which has gone from $6,091 this year to $21,900 due to two employees retiring. Water Service expenses will decrease by $5,700, and Sewer operations are being reduced $2,000; Debt Service will increase $89.Total Utility Fund expenses will be $402,750, resulting in a balanced budget with no need to dip into Fund Balance.

The Board then took up a discussion of the need to seek “revenue enhancements,” in not only the Utility Fund, but also In the General Fund. Mr. Proctor reiterated that we may like to revisit Gaming Licenses. The Board conducted a general discussion of various methods to increase revenues, and Mr. Proctor said he would have a full range of suggestions and recommendations ready for the next Budget Workshop.

The next Budget Workshop will be held at on Tuesday, June 5th at 6:30PM.

ADJOURNMENT 

Motion by Commissioner Hunt, second by Commissioner Boyd, to adjourn at 7:30PM.

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