Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
Spring City reviews budget amendments, reallocates charges to fire station amid $30,412 general-fund surplus
Summary
City budget advisor Dave Oxman summarized amendments to align accounts with state practices, said a $700,000 Fire Department expansion drove major changes, and reported a $30,412 General Fund surplus; he also recommended moving misclassified payroll and district payments into appropriate capital and fund accounts.
Dave Oxman, the city’s budget advisor, told a joint meeting of Spring City’s City Council and Planning and Zoning Commission on June 16 that budget amendments are needed to align the city’s books with state practices and to reflect year-to-date activity.
"The largest change is the Fire Department expansion, which brought in and expended $700,000," Oxman said, noting that reclassifications are required to correctly reflect those expenses in the capital project accounts. He identified two specific reclassifications: about $160,000 currently charged to the Parks wage line should be moved to the fire station project, and a fire-district payment now listed under legislative salaries must be reclassified.
Oxman said B&C Road Fund receipts came in at $20,000 versus an expected $12,000 and that several accounts-payable lines need cleanup. He reported that interest earnings exceeded projections and that the Electric Fund, despite market volatility, is net positive. The Water Fund’s projected and grant activity increased substantially; the Sewer Fund’s operating costs rose slightly but are projected to finish positively.
Oxman reported a $30,412 surplus in the General Fund. Regarding a proposed shed at the cemetery, he said he would appropriate the expense in the 74 Fund rather than use perpetual-care accounts.
No formal votes were taken on the budget changes during the meeting; the presentation was described as an administrative review and direction to prepare appropriate appropriation entries. The meeting adjourned at 7:51 p.m.
What happens next: staff will prepare formal budget amendment documents and appropriation entries reflecting the reclassifications Oxman described and present them to the Council for formal action at a future meeting.
