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Eastview passes budget

The Eastview Board of Aldermen passed the budget for fiscal year 2012 on second reading at a special called meeting May 24.

The city’s charter requires that the budget be passed on three readings to become final.

This fiscal year begins on July 1.

They had passed it on first reading at their regular meeting on May 17.

The budget for the general fund projects expenditures of $109,200 and revenues of $121,648, according to figures provided by City Recorder Emodene Smith.

The budget projects revenues to be down from $126,500 in the fiscal year 2011 budget and from $154,841 from the audited results of the fiscal year 2010.

Expenditures are projected to be down from $126,500 in 2011 but up from $97,979 in 2010.

The budget projects the balance in the fund to be $373,463 at the end of the fiscal year 2012, down from $512,167 in the 2011 budget and $495,683 in 2010. The 2012 balance will decline despite a budget surplus because there are capital improvements that will be in the capital budget, Smith said in a later interview.

This budget projects local taxes to be $37,000 in 2012, down from $38,000 in fiscal year 2011.

The 2012 budget projects state taxes to be $36,000, down from $37,500 in 2011 and from $38,842 in 2010.

The bulk of expenditures in the budget go to salaries. It allocates $31,800 to this category, up from $28,768 in 2011 and $28,741 in 2010.

The number of full-time employees will remain at one, as it has for the past three years.

The street fund projects revenues of $17,000 in 2012, unchanged from 2011 and down from $17,802 in 2010. All of these revenues come from local taxes.

This fund projects expenditures of $52,300, up from $13,200 in 2011 and $11,040 in 2010.

The balance in this fund will decline to $14,130, from $49,430 in 2010 and $48,830 in 2010.

What’s Next

There will be a public hearing on the budget at 7 p.m. Tuesday, June 21, at the Eastview Civic Center.

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