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Council adopts budget revisions: sales-tax reconciliation, pension deposits, fire capital transfers and smaller reimbursements
Summary
The Morgantown City Council on Tuesday adopted a set of budget amendments covering municipal sales-and-use-tax reconciliations, pension deposits, capital transfers for the fire department, settlement receipts and reimbursements.
The Morgantown City Council on Tuesday adopted a set of budget amendments covering municipal sales-and-use-tax reconciliations, pension deposits, capital transfers for the fire department, settlement receipts and reimbursements.
John Ferguson, finance director, presented the package, describing several housekeeping items and policy-directed allocations. The city reconciled its municipal sales-and-use-tax receipts for fiscal 2025 and reported actual revenue of $10,090,694.51 versus an original budgeted amount of $9,600,000, an increase of roughly $490,695. Ferguson said the city distributed the statutory allocations (25% to Park/Bue…
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