The Lake News Online
  • Camdenton budget reflects modest increases in revenue, expenditures

  • Aldermen for the city of Camdenton are looking over a proposed budget that, when approved, will go into effect on July 1.
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  • Aldermen for the city of Camdenton are looking over a proposed budget that, when approved, will go into effect on July 1.
    The proposed annual 2014-2015 budget accounts for the anticipated collections of revenue in the total amount of $5,849,636. A reserve balance of $220,732, subject to the Special Road District’s approval, is budgeted to be included as additional available funds for expenditure. A total amount of $5,658,412 of expenditures is budgeted for the upcoming 2015 fiscal year. This budgeted figure reflects approximately $73,801 that was eliminated from original budget requests.
    According to City Administrator Jeff Hancock, the total budget for last year included estimated revenue was in the total amount of $5,755,708 and $5,508,033 was in expenditures.
    The city anticipates paying a total of $1,725,509 in personnel costs. The majority of the payroll budget is allotted for the city Police Department, 36.94 percent to be exact. Administration takes up 14.94 percent of the payroll budget while the Street Department takes up 14.83 percent. Other departments including Parks and Recreation, Airport, Sewer, Water and Fire use less than 10 percent of the proposed payroll budget each for the 2015 fiscal year.
    Officials are estimating the Sales Tax Revenues to increase for the General, Transportation and Special Revenue Funds by a modest 1.5 percent. With a few exceptions, most of the other revenues are conservatively budgeted to remain basically flat.
    The city's water service revenues did not come in as expected and are approximately 2.8 percent less than previously budgeted. This reduced amount is again budgeted for the upcoming year. City officials say that it is anticipated that with some additional community growth, building permits and water and sewer connections are anticipated to see a slight increase.
    Due to a recently-obtained higher interest rate, the city anticipates a slight increase in interest revenues. Hangar lease revenues at the city's airport are budgeted to slightly increase.
    Water and Sewer revenue was adjusted in May 2010 and the Board of Aldermen continued the present rates. A recent internal rate analysis indicates that the present water rates now shows a total deficit between needed revenues and annual expenditures of $14,778 for the service charge fees and an annual deficit of $100,362.38 for the volume charge. This analysis also notes that Sewer rates indicate a service charge deficit of $8,744 and an annual deficit of $27,295.78 for the volume charge.
    Grant income in the Transportation Fund reflects carry over funds for the Missouri Department of Transportation grant for land acquisition/engineering for the Runway Extension Project.
    Some adjustments may be made when the board of aldermen discuss the budget further in an upcoming meeting. City officials hope the final 2014-2015 budget is approved at the board's June 17 meeting.
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