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West Point projects $220K surplus in '15 budget

 

Nathan Gregory

 

West Point selectmen on Tuesday adopted the general fund budget for the city's 2014-15 fiscal year, which projects nearly $1 million more in revenue than the current budget year that ends June 30. 

 

The budget has $7,710,789 in estimated revenues and $7,489,950 in expenses between general government, the police and fire departments, public works and parks and recreation -- a projected surplus of $220,838. 

 

The board held a public hearing June 19 where the projections were first discussed.  

 

Also passed Tuesday were budgets for the water and sewer fund as well as the electric department. Projected revenues for the water and sewer fund total $5.18 million, with an estimated $3,812,086 in expenses and a $1,369,914 surplus.  

 

The electric fund budget projects revenues and expenses to equal $9,687,710. 

 

Last year, selectmen had projected $6,954,500 in revenue and $6,939,675 in expenses with a surplus of $14,825. 

 

Selectmen also approved a financing plan for five new police cars. The city will borrow $161,858 from BancorpSouth and pay that amount plus two percent interest over three years. The amount also covers radios for the cars. 

 

Clay County supervisors also met Thursday and approved the county's audit for 2012. They also approved travel expenses for employees to go to certification courses and agreed to pay the county's portion of a hazard mitigation agreement in the amount of $990.

 

Nathan Gregory covers city and county government for The Dispatch.

 

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