Budgets and financial plans approved at City Council Meeting

The City Council met in a special called session on Tuesday, June 23, 2020. Councilman Kevin King was absent.

The Old Business included Ordinance Number 735 which was the third reading of legislation to adopt the budget and tax rate for fiscal year 2020-2021. Vice Mayor Don Barber moved to adopt the budget and tax rates, and Councilman Cody Mitchell seconded the motion. The motion was unanimously approved.

The next item of Old Business was Ordinance Number 736 which was to approve budget amendments for the fiscal year 2019-2020. This was also the third and final reading. Councilman Scottie Bass motioned to approve the amendments and Vice Mayor Barber seconded his motion. The motion was unanimously approved.

In New Business, Resolution 3887 Amended the Financial Plans for Enterprise Funds.

Enterprise Funds include revenue and expenditures in the Water/Sewer and Natural Gas Departments.

In Resolution 3887, $959,000 was moved from the Water/Sewer Fund Revenues into Water Distribution Expenditures for the Water Distribution Project, and $730,000 was moved from Natural Gas Fund Revenues to Natural Gas Expenditures for the Natural Gas Project. Vice Mayor Barber motioned to approve and Councilman Bass seconded. The amendment was unanimously approved.

The second item of New Business was Resolution Number 3888 which adopted a financial plan for the Water/Sewer Fund and the Natural Gas Fund.

The Water/Sewer Fund revenue total on the resolution was $3,433,200. Expenditures were listed at $3,490,426.

The Natural Gas Fund revenue was listed at $1,440,000, with expenditures totaling $1,800,000.

Councilman Bass motioned to approve the financial plan and Councilman Mitchell seconded the motion. The plan was unanimously approved.

The City has undertaken a meter replacement project in both the water and gas departments.

“Revenue will be normal from gas sales,” said Kyle Hamm, City Recorder, in a phone interview on Tuesday.

“The bond proceeds received this year will be used for the fiscal year 2021. The projects will be unfinished by June 30, 2020. So funds will roll over to 20-21,” he concluded.