Village budget expects to stay ahead through 2014
Ryan Scott Ottney
PDT Staff Writer
New Boston Village Council on Tuesday gave their first of three public readings to the proposed Fiscal Year 2014 Budget, which expects the village books to remain in black ink moving into 2015.
The proposed budget anticipates a 2013 carryover balance of $355,958.60 added to $2,118,922 in total new revenue, giving the village a working budget of $2,474,880.60 with total expenditures amounting $2,186,600. The final balance leaves the village $288,280.60 ahead to carryover into its 2015 budget.
“This budget we didn’t do a whole lot different than we did last year,” said Councilman Junior Williams, who is also chairman of the Village Finance Committee. “We didn’t really appropriate anything in the Capital Funds because some of those funds are low now. Just the fact that we did the Lakeview Avenue project and those kind of things, so there’s not a whole lot of discretionary money there. Basically the money coming in is being spent on our operations of just running the day-to-day village stuff. We didn’t really put anything into the budget, as far as projects and such. We’re taking sort of a wait-and-see approach to see where we’re at at the end of the year.”
He said council doesn’t expect the final numbers to exactly match the proposed budget at the the end of the year, and said they will adjust their budget at the first of the year to reflect actual numbers.
“That’s when we get a real clear picture what we have to spend,” Williams said.
Williams explained that the village is required to file its budget plan to the county before July 20. After review, the county will present the village with a Certificate of Estimated Resources verifying their plan. After the first of the year, the village will have a better idea what their 2013 carryover balance will look like and council will file a revised budget with the county to receive an Amended Certificate of Resources. With that amended certificate, the village can begin making plans for its appropriations.
“We probably won’t change much in the expenditures of our budget unless our beginning (carryover) balance is less than what we think and it puts us over,” Williams said.
While many local governments are struggling to keep their heads above water, New Boston has been sailing along comfortably for several years with a surplus budget.
“We feel fortunate. We understand that local governments have their trouble and such, but back in 2010 we saw some trouble coming and we made cuts back then. We cut a few personnel and made a few 50-cent pay cuts,” Williams said, noting that some of those laid-off have returned to work, and the village has given back some of that pay cut already.
“We feel we’ve stayed ahead of the game. We’ve made some tough decisions when we had to.”
Before the budget can be approved, council has to give it three public readings to allow time for public discussion and consideration. The first came Tuesday night; the second reading will come during their next meeting on June 18, before the third and final reading after another public hearing on July 2.
Copies of the village budget are available for public inspection in the clerk’s office. If approved, the budget will take effect Jan. 1, 2014.
Ryan Scott Ottney may be reached at 740-353-3101, ext. 287, or firstname.lastname@example.org. For breaking news, follow Ryan on Twitter @PDTwriter.
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