Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Budget topic
No spam. Unsubscribe anytime.
Mocksville manager outlines $12.7M balanced budget, board sets June 4 public hearing and directs sidewalk planning
Summary
Town manager Ken presented the FY 2024'25 budget message proposing a balanced $12.7 million budget, a 3% COLA, a 2% retention bonus for full-time staff, increased capital reserves, and a 6% water and 10% sewer rate adjustment; the board set a June 4 public hearing and asked staff for sidewalk cost estimates.
Town Manager Ken presented the annual budget message for fiscal year 2024'25, describing a balanced general fund budget of roughly $12.7 million, recommended staffing and capital priorities, and proposed enterprise rate changes tied to water and sewer treatment partnerships.
Ken said the budget seeks to balance current operations with strategic, multi-year planning: "We're looking at not only what we're funding this year, but how does what we fund this year help us get to where we want to be in year 5?"
Key elements Ken highlighted included a proposed 3% cost-of-living adjustment for full-time staff, a 2% retention bonus for full-time employees who remain through the fiscal year, a capital reserve increase from $50,000 to $300,000, and a $120,000 allocation identified for sidewalk work. On the enterprise side, the manager cited a 6% water-rate and 10% sewer-rate adjustment to position the town for an upcoming water-purchase and treatment partnership and to cover higher contract costs in sheriff and refuse services.
Board members pressed staff for specifics on sidewalk locations and costs; after discussion the board directed staff to ask the town engineer for a short list of candidate sidewalk segments and cost estimates so the board can decide during budget adoption. The manager said staff will return in June with details.
The board adopted a resolution calling a public hearing on the FY 2024'25 budget for June 4; the motion to call the hearing was made by Rob and seconded (voice vote). The manager also said staff will refine personnel-pay options (including retention or sign-on bonuses) and bring details back before final budget adoption.
The presentation included an overview of grant-funded projects (wayfinding, ADA curb work), planned capital projects (water tanks and pump-station work), and the town's strategy to use grant funding and fund balance to limit rate shocks to residents.
