Budget Hearing March 2014

 

Budget Hearing

March 2014

 

Lincoln Village Council met on Monday March 3, 2014 at 6:45 P.M.at the Village hall.  The purpose of the meeting was to hear public comments regarding the proposed budget for the fiscal year 2013-2014.  Present included: President Jordan, Treasurer Kossa, Clerk Somers, and Council Members, Gauthier, Healy, Naylor, Phillips and Stutzman. Absent was Council Member Richard Somers.  There was no public discussion. Treasurer Kossa stated that the proposed revenues should be adequate to support the proposed budget.  Motion was made by Healy with support from Gauthier to adopt the budget for 2014-2015.

Following are the budgets:

GENERAL FUND   EXPENDITURES

General  Government

 

 

President       

 

   6,000.00       

Treasurer

 

6,751.56

Clerk

 

7,136.88

Council

 

6,750.00

Professional Fees

 

7,500.00

Utilities

 

8,500.00

Zoning

 

4,000.00

Insurances           

 

9,500.00

Maintenance

 

13,000.00

Other

 

 7,500.00

Office Supplies

 

3,000.00

 

Public Safety

 

 

FD Salaries

 

8,500.00

FD Gasoline

 

1,500.00

FD Utilities

 

2,000.00

FD Insurance

 

4,000.00

FD Supplies

 

1,300.00

FD Other

 

7,500.00

FR Salaries 

 

8,500.00

FR Other

 

1,000.00

Debt Service Principal   

 

13,000.00

Debt Service Interest 

 

3,128.00

Capital Outlay General Fund

 

15,000.00

Recreation & Culture

Maintenance. & Improv.

 

 

5,000.00

Street Lights/Utility 

 

12,000.00

Gasoline

 

5,000.00

Salaries/General   

 

14,000.00

Payroll Liabilities

 

4,500.00

Decoration Fund

 

1,500.00

TOTAL EXPENDITURES           

 

 

$195,066.44

REVENUES /GENERAL FUND

Current Tax Levy

 

58,000.00

State Cons. Tax

 

25,000.00

Fire Contracts

 

44,000.00

Other Revenues/Misc. 

 

68,066.44

TOTAL REVENUES                           

 

$195,066.44

 

MAJOR STREET FUND

EXPENDITURES

 

 

Public Works/Transportation   

 

113,700.00

Routine Maintenance   

 

14,800.00

Winter Maintenance

 

                  8,800.00

Salaries

 

15,000.00

Administration 

 

6,700.00

TOTAL EXPENDITURES                  

 

$159,000.00

REVENUES

 

 

State Revenue Sharing 

 

                37,000.00

Village Raised Tax

 

122,000.00

TOTAL REVENUES             

 

 

$159,000.00

LOCAL STREET FUND

Public Works/Transportation

 

20,000.00

Routine Maintenance   

 

6,000.00

Winter Maintenance

 

3,000.00

Salaries                                

 

                6,500.00

Administration

 

                2,500.00

TOTAL EXPENDITURES                  

 

$38,000.00

 

 

 

State Revenue Sharing 

 

12,000.00

Village Raised Tax/   Fund Equity

 

26,000.00

TOTAL REVENUES

 

         $38,000.00

SEWER FUND

Salaries

 

3,000.00

Engineering

 

   500.00

Insurance

 

1,000.00

Maintenance

 

5,234.20

Equipment Rental

 

2,000.00

TOTAL EXPENDITURES  

                               

 

$11,734.20

REVENUES

 

 

47.7 Units X 20.50 per month

(977.85) X 12 months

 

11,734.20

TOTAL REVENUES                       

 

$11,734.20







 

Linda K. Somers

Village Clerk

 
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