Mayor Bos' overview of 2009:
- 09 transactions complete with exception of CD interest which has not been received.
- General fund is at +$250,000
- Nov tax collections up over previous year.
- Telephone franchise fee revenue up
- Venita "special tax" revenue better than expected
- Permit fees more than expected
- No audit expenses in 09
- No City Hall repair/updates
- Continuing to "look at" Community Center
- $6,200 in road bond money left
- $330,000 in Water, need $200,000 to run business-10% rate hike planned for in 2010.
- Sewer - "We need to put some money away"
Jerry asked the BOA if they still wanted to move forward with a financial review of 09 by the BKD firm at the cost of $11,000. Alderman DeJong pointed out the last review cost $4,000. A short back and forth over the quality of the review was short circuited by the City Attorney. Turns out, the question was not on the agenda, so could not be voted on at the meeting. Ooops. Maybe next time.
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