The Crossville City Council will return to working on the upcoming fiscal year budget in a work session set for Thursday, May 17 starting at 5:15 PM.
Crossville City Hall
The meeting will be held in conference room 317 on the third floor of Crossville City Hall. So far the council has met twice in work session on the budget, looked at much of the budget and made some minor changes to general fund spending. In addition, the council has studied water and sewer fund budget and discussed non-profit funding as well. The work session is open to the public.
The city's budget currently stands at just over $1.1 million in the red but with over $10 million in the fund balance that level can be sustained. Last year's budget was approved with a $3.8 million deficit and the year will end with an estimated deficit of around $2 million in the red, about half the original number. A number of capital projects have been delayed and that funding is moved to the upcoming budget.
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For the 2018-19 fiscal year, General Fund revenue is estimated at $19.4 million with expenditures just under $20.6 million.
Current budget spending totals for the Police Department stand at $4.1 million, the Fire Department at almost $2.9 million and the street department at almost $2.4 million make up nearly half of the city's budget.
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Council also has a special called meeting set for May 24 and a public hearing that night on the city's capital improvement plan. No information on the agenda for the 24th has been released yet and is not expected until next week.
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