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Finance officer reports improved yields; council approves 2025—62026 budget amendment
Summary
Finance Officer Darrell Baucom reported a money market yield increase to 3.13% and presented ORD-25-01, a 2025—62026 budget amendment that netted about $47,000 in additional expenditures; council approved the amendment unanimously.
Finance Officer Darrell Baucom briefed the council on the town's financial status, reporting that after a conversation with Jim Brewer at Pinnacle Bank the town's money market "yield was successfully increased by approximately half a percent to 3.13%." He reported ad valorem taxes of $230,000 (above the $228,000 budget), franchise taxes of $202,000, and overall income near $680,000—690,000. Baucom noted several notable expenses, including a $60,000 contribution to the Unionville Fire Department and contract payments such as $4,600 to Benesch and $4,500 to NFocus.
Baucom presented Ordinance ORD-25-01 to amend the 2025—62026 budget, describing reductions (about $13,000 in tax revenue and $150,000 less in park capital outlay) and increases (approximately $40,000 for park maintenance, higher utilities and payroll, and $40,000 each for UDO implementation and the Semi quincentennial celebration). Councilman Gene Price moved to approve ORD-25-01; Councilwoman Lana Kirkpatrick seconded and the motion carried unanimously.
