The Centerville City Council at their Monday, March 3 regular meeting at 5:30 p.m. at City Hall will give residents an opportunity to discuss by way of a public hearing the fiscal year 2015 budget which starts July 1 and ends June 30, 2015.
Total revenues for the FY 15 budget are projected at $7,679, 981. Total expenditures for the same year are projected at $8,139,948.
Since fiscal year 2013, city revenues and expenses have declined, according to the city’s budget estimate.
For FY 2013, total revenues were recorded at $11,162,328; total expenditures were recorded at $9,804,220.
For FY 2014, total revenues were recorded at $8,602,634; total expenditures were recorded at $8,188,479.
What hasn’t declined, at least by that much, is the city’s ending fund balance.
In FY 2013, the ending fund balance was $7,662,730. In FY 2014 it is estimated to be $8,076,885. In FY 2015 the ending fund balance is projected at $7,616,918.
According to the notice of public hearing budget estimate, the estimated total tax levy rate per $1,000 valuation on regular property is $18.50 for fiscal year 2015. The estimated total tax levy rate per $1,000 valuation on agricultural land is $3.
“At the public hearing, any resident or taxpayer may present objections to, or arguments in favor of, any part of the proposed budget,” according to the city’s budget estimate.