Jamestown (CSi) The City of Jamestown has begun the 2015 city budget process.<\/p>\n
The City Council met\u00a0Wednesday morning from 8-a.m. to 11-a.m.<\/p>\n
City Administrator Jeff Fuchs says, as of June 30 this year, the city has deficit spent $533,000 steming in large part from one time expenditures.<\/p>\n
The 2015 city mill levy is put at 2.87 mills, and will levy in 2015 the same figure as 2014, at 84.97 mills.<\/p>\n
The projected revenues for 2015 show a $30,000 deficit.<\/p>\n
Revenues for 2015 are projected to be higher based on increased state aid.<\/p>\n
He pointed out that the water and sewer utilities will increase by five percent for domestic use, and three percent for Cavendish use.<\/p>\n
With the sewer utility, Fuchs says the operating revenue is $3.3million with expenditures of $1.6 million. Revenues are $1.7 million, with $327,000 in the replacement and depreciation fund.<\/p>\n
With the lift station replacement and force main replacement projects, the debt service is $2 million per year.<\/p>\n
The new operating loss of $619,000 requires a transfer of $664,00 from the city\u2019s share of Special Assessments over a two year period.<\/p>\n
Fuchs questioned with the debt service replacement, the ability to fund any upcoming projects.<\/p>\n
That budget will be further adjusted in the budgeting process.<\/p>\n
With the Sanitation budget a 5 percent rate increase in proposed, with a 2014 deficit at $25,000 and projected to be in the red at the end of 2015 with a five percent rate increase at $100,000.<\/p>\n
With the Solid Waste fund at the end of 2014 the deficit is projected at $16,000, with the construction fund project to be in the red at a half million dollars by the end of 2015.<\/p>\n
Mayor Andersen said with those funds, the city needs to look at more efficiencies for the utility rates to cover the expenses.<\/p>\n
The Mayor said the next set of budget meetings will be next week or the week after, allowing time for officials with JSDC, Tourism, and Engineering to put together presentations.<\/p>\n
The budget meetings are being shown live on CSi 67.<\/p>\n","protected":false},"excerpt":{"rendered":"
Jamestown (CSi) The City of Jamestown has begun the 2015 city budget process. The City Council met\u00a0Wednesday morning from 8-a.m. to 11-a.m. City Administrator Jeff Fuchs says, as of June 30 this year, the city has deficit spent $533,000 steming in large part from one time expenditures. The 2015 city […]<\/p>\n","protected":false},"author":3,"featured_media":1375,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-52034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-jamestown"],"_links":{"self":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/52034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52034"}],"version-history":[{"count":11,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/52034\/revisions"}],"predecessor-version":[{"id":52068,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/52034\/revisions\/52068"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/media\/1375"}],"wp:attachment":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52034"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}