The Centerville City Council Monday night passed the fiscal year 2015 budget and certification of city taxes. The FY 2015 budget starts July 1 and ends June 30, 2015.
All council members were present except Darrin Hamilton.
A public hearing was held to allow residents and taxpayers to present objections to the FY 2015 budget. No oral objections were presented Monday night and the city had not received any written objections to the FY 2015 budget at City Hall.
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.
Patrick Antonen, city administrator, said the overall property tax levy increased by approximately $1 over last year due primarily to bonding for the street paving project.
Antonen said debt service increased from $1.76 per $1,000 in FY 2014 to $3.56 per $1,000 for FY 2015.
In other action at the 5:30 p.m. council meeting at City Hall:
• Approved the mayor to look into purchasing up to three permanent perpetual plaques for the Jim Senior Memorial Citizen of the Month award recipients to be displayed at City Hall. The plaque talked about during the meeting is 16 inches by 20 inches from Dannco and would be large enough to contain the names of the award winners for the next five years. The cost is estimated at $115 up front with an additional charge of 15 cent per engraved letter. The other two plaques would be purchased to ensure they match.