With revenues and expenditures subject to change through out the fiscal year, Nevada City’s council will revenue its budgets at its meeting today.
Overall the city’s general fund is slated for a $118,600 increase in revenues; a $139,000 increase in expenditures. The proposed alterations would increase the city’s budget from $3.94 million to $4.08 million.
With the recommended net changes the city will have a negative $20,600 budget. However, Finance Director Catrina Olson notes that a $117,000 offset from restricted funds will leave the city with a favorable $97,000 general fund budget.
The largest expenditure change is a $171,331 or a more than 12 percent increase to the police department budget, which was originally reduced by $69,600 at the beginning of the fiscal year. The increase would take the department’s overall budget up from to $1.5 million.
Nearly $58,000 of the increase is dedicated to salaries and benefits, tied to a payout of retiring Lt. Lorin Gage and the addition of full-time foot patroller Officer Shane Franssen. More than $102,000 is tied to the purchases of three new vehicles; a standing patrol scooter; bullet-proof vests; assault rifles; and three new computers and work stations.
At least 85 percent of the increase will come from restricted general fund reserves accrued through expenditure-specific grants, asset seizures and revenue from a 1993 sales tax increase dedicate to public safety agencies. More than $36,000 of the overall police budget increase comes from more than expected parking-related revenue from citations and meters.
The general fund is also poised for some decreases in expenditures.
An $11,000, 1 percent, decrease to the General Government Department’s operational fund is recommend based on a reduction in county fees for property tax collection. New proposed budget: $937,000
A $15,700, 4 percent reduction to the City Attorney budget is anticipated because of hours worked in first seven months of fiscal year. New proposed budget: $48,500
A $15,000, 10 percent decrease to the City Planner budget based on less than expected work on KVMR and HEW projects, which would bring its budget $131,700.
The city is also anticipating a $33,000 decrease in property tax revenue.
Notable revenue increases include a $21,000 jump in sales tax revenue; a $30,000 spike in fire department revenues associated with its strike team; a $13,500 increase in parks and recreation revenues; and a $63,4000 increase in miscellaneous funds associated with reimbursements of property tax administrative fees and liabilities.
Council is also slated to review a nearly $3.2 million grant for water system improvements, of which the city will receive more than $1.3 million and the rest would go to Washington and Placer counties.
To contact Staff Writer Christopher Rosacker, email email@example.com or call (530) 477-4236.
(Nevada City’s) general fund is slated for a $118,600 increase in revenues and a $139,000 increase in expenditures.