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Havre de Grace council sets budget schedule; finance director reports fund balances
Summary
Council scheduled first reading (June 1), a public hearing (June 8) and a second reading with possible adoption (June 11 at 6 p.m.) for the budget ordinance. Director of Finance Abdi reported recent fund-balance movements and revenue/expense figures for the general, water & sewer, and marina funds.
The Havre de Grace City Council on April 20 set the timetable for this year’s budget ordinance: first reading on June 1, a public hearing on June 8 and a second reading with possible adoption on June 11 at 6 p.m. The schedule change was moved by Council member Boyer and seconded by Council member Jones to accommodate attendance at the Maryland Municipal League conference.
Director of Finance Abdi presented fiscal updates for three funds. For the general fund he reported the fund balance is down about $1,100,000 and currently stands at $4,894,600; revenues are up $117,200 to $20,938,100 and expenses to date are $18,825,700. For the water and sewer fund he said the fund balance is down $447,000 to $5,109,900, with revenues up $62,300 to $10,865,800 and expenses to date of $10,459,400. The Marina Fund (Fund 8) is down $15,700, with a fund balance of $1,212,600; Abdi reported revenues and expenses for the marina fund and thanked council and residents for participation in the April 13 public hearing.
"If there's any additional questions, I'm always available for answers," Abdi said after his report.
Next steps: staff will prepare the budget ordinance packet for the June 1 first reading, and the public may comment at the June 8 hearing before the council considers adoption on June 11.
