The Camdenton Board of Aldermen held the first reading for the 2017-18 fiscal year budget, running from Oct. 1, 2017 through Sept. 30, 2018, on Sept. 5 and intends to vote on the second and final reading at its next meeting on Tuesday, Sept. 19.
According to the general budget summary prepared by City Administrator Jeff Hancock, Camdenton estimates beginning the new fiscal year with a total cash balance for all funds of $8,509,442 or approximately $325,873 greater than estimated in the previous year’s budget.
The 2017-18 budget proposed $6,965,831 in total expenditures out of approximately $15,479,555 in available funds and estimates an ending cash balance in 2018 of $4,282 greater than the estimated beginning cash balance, according to the proposal.
The city is also estimating an increase in ending cash balances next year of $90,308 for the Transportation Fund and $107,694 for the Special Revenue Fund. As in prior years, the proposal includes a $30,000 contingency account for the General Fund and a $15,000 contingency account for both the Transportation and Special Revenue funds.
Several large capital improvement projects have been budgeted with some requiring fund transfers from other accounts to cover the costs. The proposal requests a transfer of $371,617 from the Special Revenue Fund to cover the cost of replacing 2-inch cast iron sewer line from Court Circle to Dogwood Thrift Store ($150,000), upgrades/repairs to the Blair Lift Station ($50,000) and a city hall payment ($171,617).
Water & Sewer Operations & Maintenance is also budgeted $200,000 to replace Lakeview 2-inch water main lines, which is a carry-over project that was postponed in 2017 to re-bid out the work.
The Airport Fund was budgeted with $852,785 for the apron construction project and another $440,000 for the runway expansion project, both of which are funded through 90/10 MoDOT funding grants.
Capital projects budgeted for the Transportation Fund Street Department capital outlay includes $140,000 for street overlays — the first half of Ha Ha Tonka Drive, a project to rebuild Suzanne Driver for $60,000 and a Camdenton Police Department patrol car and equipment proposed for $44,600.
Projects that didn’t make into the 2017-2018 budget but will be under consideration in the future by the board include an upgrade to Old Highway 5 North, which was listed with an estimated $30,000 in survey work and no cost estimate for the total project.
Parks Director Larry Bennett has been tasked with developing a Comprehensive Park Plan and the Parks Advisory Board has been tasked with developing a City Trails Plan as the addition of sidewalks and/or trails were listed as priority items in the Destination Camdenton master plan.
Along those lines, the beautification of substantial city corridors and upgrades to the downtown district — another broad project cited as a priority in the comprehensive plan — did not receive a cost estimate this year, though those efforts will likely be broken down into smaller projects.
Lastly, a funding contribution with MoDOT to widen West Highway 54, listed with a preliminary 50-percent cost share for a $4 million project, was not pursued. According to Hancock, MoDOT has indicated they would do a free modeling review in roughly six months to determine if the use of Illinois Streets would help alleviate congestion at the Square intersection and throughout the community. The plan to use Illinois as a circular connecting alternate route to Highway 54 was also proposed in Destination Camdenton.
However, Hancock noted that if the city wanted to participate in the West 54 project, the Council of Local Government’s Transportation Advisory Committee would have to rate it as a high priority project, and it is currently rated 14th on a list of 20 projects.