The Appanoose County Board of Supervisors at their next regular meeting on Monday, March 3 will conduct two public hearings. The first is at 9:15 a.m. and it concerns a budget amendment for the current fiscal year 2014, which ends June 30, and the second is at 9:30 a.m. and it concerns the budget estimate for fiscal year 2015, according to notices released by the county.
The budget estimate for fiscal year 2015, which starts July 1, 2014 and runs through June 30, 2015, shows total revenues at $9,827,744 and total expenditures at $11,155,780.
The county’s ending fund balance will take a hit yet again. Since fiscal year 2013 the county’s ending fund balance has declined by more than $3 million.
The ending fund balance in fiscal year 2013 was $7,906,324; in fiscal year 2014 it was $6,179,798; and the estimate for fiscal year 2015 is $4,851,762.
The proposed budget amendment’s revenues and expenditures equal each other at $27,253.
On the revenue side other county taxes/TIF tax revenues come in at $1,977; intergovernmental comes in at $1,276; and general long-term debt proceeds come in at $24,000.
On the expenditure side public safety and legal services come in at $3,253; and debt service at $24,000.
“At the public hearing any resident or taxpayer may present objections to, or arguments in favor of, the proposed amendment. An approved budget amendment is required in order to permit increases in any class of expenditures as last certified or last amended,” according to the notice of public hearing.
County supervisors in January approved a budget amendment for fiscal year 2014 that increased revenues by $39,526 and increased expenditures by $1,028,361.
At that time Appanoose County auditor Linda Demry said the county had never done a budget “amendment to that degree.”