In a city where sales tax revenues are lagging, the Hannibal City Council was able to adjust 2009-10 budget in a positive way during Tuesday night’s meeting.
Doug Warren, city finance director, brought before the council revisions to the budget which project a net addition of $396,609. Those dollars will go into the General Fund’s reserves.
Jeff LaGarce, city manager, said by placing the funds into the reserves, they will be available to cover any revenue shortfall the city might face during the fiscal year.
Earlier this month, LaGarce said that at the end of October the city was running 2 percent behind a year ago in regard to its sales tax revenue.
The biggest influx of cash - $550,779 - shown in the budget revisions came from bond proceeds. Since the start of the fiscal year the city also received $375,000 through the Main Street bridge settlement. The city will be picking up another $256,042 from the AT&T franchise fee settlement.
The largest expense showing up in the budget revision was the $550,779 cost of the Stardust Drive street project. Another $85,532 went for the Spruce Street storm water project.
The largest unexpected cost was the $138,429 it took to replace the Munger Lane bridge.
In other business:
• A bid of $63,455 was accepted from Allied Waste Services to oversee next year’s citywide cleanup. The city’s budget contains $72,000 for the cleanup. Next year’s cleanup will take place on Saturday, April 24.
• The parks department was given permission to seek funds through the Missouri Department of Natural Resources Lane and Water Conservation Grant Program. If the grant application is funded the money would be applied to the Right to Play Project in Huckleberry Park.
“This is one more tool we’re tying to utilize,” said Chris Atkinson, director of the parks department.
• A proclamation was read recognizing Kyle Wilson’s 20 years of service on the city council. Because of health issues the mayor pro tem was not in attendance.
• Changes to the city code pertaining to historic districts and individual local historic landmarks were given final approval.
• The Loafers Car Club was granted permission to stage its annual car show on Saturday, May 8, in downtown Hannibal.
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In a city where sales tax revenues are lagging, the Hannibal City Council was able to adjust 2009-10 budget in a positive way during Tuesday night’s meeting.
Doug Warren, city finance director, brought before the council revisions to the budget which project a net addition of $396,609. Those dollars will go into the General Fund’s reserves.
Jeff LaGarce, city manager, said by placing the funds into the reserves, they will be available to cover any revenue shortfall the city might face during the fiscal year.
Earlier this month, LaGarce said that at the end of October the city was running 2 percent behind a year ago in regard to its sales tax revenue.
The biggest influx of cash - $550,779 - shown in the budget revisions came from bond proceeds. Since the start of the fiscal year the city also received $375,000 through the Main Street bridge settlement. The city will be picking up another $256,042 from the AT&T franchise fee settlement.
The largest expense showing up in the budget revision was the $550,779 cost of the Stardust Drive street project. Another $85,532 went for the Spruce Street storm water project.
The largest unexpected cost was the $138,429 it took to replace the Munger Lane bridge.
In other business:
• A bid of $63,455 was accepted from Allied Waste Services to oversee next year’s citywide cleanup. The city’s budget contains $72,000 for the cleanup. Next year’s cleanup will take place on Saturday, April 24.
• The parks department was given permission to seek funds through the Missouri Department of Natural Resources Lane and Water Conservation Grant Program. If the grant application is funded the money would be applied to the Right to Play Project in Huckleberry Park.
“This is one more tool we’re tying to utilize,” said Chris Atkinson, director of the parks department.
• A proclamation was read recognizing Kyle Wilson’s 20 years of service on the city council. Because of health issues the mayor pro tem was not in attendance.
• Changes to the city code pertaining to historic districts and individual local historic landmarks were given final approval.
• The Loafers Car Club was granted permission to stage its annual car show on Saturday, May 8, in downtown Hannibal.
