public hearing this month, Grundy Town Council increased its
budget for the coming fiscal year by approximately $54,000, to
reflect potential revenue in the resale of town-owned property and
such expenditures as the town airport.
newly amended budget was set at approximately $1,701,602.
fund expenditures include an added expense of $20,000 for the
Grundy Municipal Airport, which is expected to be reconstructed to
meet new federal safety regulations in the coming years.
expense for the Airport Commission totals just over $5,000.
Street Department and Police Department resulted in the highest
expenses incurred by the town, $356,813.74 and $383,994.09
Garbage Department will also expend $147,146.98 in the 2007-2008
Department resulted in the lowest of the department expenses at
Grundy Community Center is expected to incur $167,354.68, and the
Capital Improvements expense was set at approximately $26,000.
revenues include the potential for a property resale of
taxes drawing in town revenue, bank stock tax of $341,905, food
tax in the amount of$255,000, and a real estate tax at $125,000
rank among the highest.
include $7,000 for personal property, $19,200 for communications
and $10,800 for utility.
tax will generate $3,000 and sales tax is expected to bring in
from ABC and wine tax is expected to be $1,327, lodging tax is set
at $58,000 and rolling stock tax will draw in $2,728.
penalty and interest was set at $1,000, and asset forfeitures
revenue is expected to be $35,000.
and fines are expected to bring in $12,000.
from public utilities was set at $8,102, county fire protection at
$20,000, and interest income at $50,000.
expects $109,000 in garbage fees and $91,000 in business licenses.
franchise revenue was set at $6,500 and fuel tax refunds are
expected to generate $4,000.
rental fees are expected to draw in some revenue, such as airport
hanger rent at $10,724, vehicle rental at $300, sign rental
account at $100, and Internet/antenna rent at $1,676.40.
expects various grants throughout the coming fiscal year.
Enforcement and Rural Development grants are expected to draw in
the highest amounts, $30,465 and $30,000 respectively.
from a Fire Programs Fund Grant at $8,000, Community Arts Grant at
$5,000, a Litter Control Grant at $1,000 and Law Enforcement Block
Grant at $942 are also expected.
Thompson Foundation will provide an $18,000 grant, which will be
used to upgrade the fire and police department communication
systems. Council decided last Tuesday to allow the fire department
to expend $13,100 to gain the necessary equipment and will hold
the remaining $4,900 for the police department.
will also expect various reimbursements, such as Personal Property
in the amount of $7,200, Fireworks at $9,500, and Trolley
reimbursements of $44,236.
Community Center will reimburse $180,316, and the Grundy IDA is
expected to reimburse the town by $75,841.
After Graduation event will reimburse the town with $10,000, and
approximately $300 can be expected in other reimbursements.
revenue that can be expected totals $500.
proposed budget reflected a motion by councilman Bill Stokes to
adjust the budgets for both the police and fire departments to
reflect the Thompson Foundation Grant and a $3,100 payroll
increase for the Police Department.
Gary Prater seconded the motion, which passed unanimously.
Manager James Keen pointed out the new budget reflected a three
percent pay increase for all town employees.
then made a motion to approve the budget as amended. Council woman
Rebecca Elkins made the second.
motion to approve the budget passed unanimously.
business regarding the town budget, Stokes also made a motion to
authorize Keen to pay for two new police vehicles, which were
purchased this year.
made the second, and the motion passed unanimously.
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