The Centerville City Council has the proposed fiscal year 2015 budget public hearing and a resolution to adopt said budget and certification of city taxes on its agenda tonight.
The FY 2015 budget starts July 1 and ends June 30, 2015.
Total revenues for the FY 15 budget are projected at $7,679, 981. Total expenditures are projected at $8,139,948.
Since FY 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 not by that much since FY 2013, 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 on favor of, any part of the proposed budget,” according to the city’s budget estimate.
In other action at the 5:30 p.m. council meeting at City Hall:
n Joyce Beiber, Centerville-Rathbun Lake Area Chamber of Commerce executive director, is set to give the chamber’s yearly report.
n Discuss the idea of a permanent plaque for the Jim Senior Memorial Citizen of the Month award recipients. The plaque in question from Dannco would be 16 inches by 20 inches and would be large enough to contain the names of the award winners for five years.
The cost is estimated at $115 up front with a additional charge of 15 cent per engraved letter.
n Steve Hawkins is on the agenda to discuss usage of alleys in Centerville.