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Price City finance staff: $54.2 million budget shows shortfall; council to review line-by-line
Summary
City staff presented a draft combined budget of $54.2 million showing a multi-hundred-thousand-dollar shortfall and urged council members to review line items; staff proposed limited consulting and flagged transfers and mandated costs that increase pressure on the general fund.
City finance staff told the Price City Council that the draft combined budget for all funds totals about $54.2 million and is currently out of balance, and asked council members to review line items in the coming week.
"So tonight we're not so tonight we're not adopting anything. This is just, a compilation of the time to budget so far," Lisa said when presenting the packet. She later summarized the totals: "The total budget of all funds is, $54,200,000. Combined, it's out of balance 620,180."
The presentation included several clarifying transfers and obligations that widen the gap. Lisa said transfers to the pool and other required moves — including roughly $656,000 to a pool transfer and about $113,000 to a drug task force from the general fund — increase pressure on the general fund. "So once you do that, the general fund which is out 2,900,000.0,…
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