The $3.9 million budget includes a 3-percent across-the-board raise for all city employees. Cadiz City Councilor Manuel Brown – who also chairs the city’s Finance Committee – said he feels good about the budget in light of the current economic conditions.
The $3,907,778 budget, which would go into effect when the 2012/2013 fiscal year starts on Sunday, July 1, includes $2,288,358 in General Fund revenue, $52,910 in Municipal Road Aid revenue, $1,562,498 in Water Fund revenue and $4,012 in revenue in “Other Funds.”
Although the total revenue and expenditures are the same, there is $2,297,280 in expenditures in the General Fund, $1,562,498 in expenditures in the Water Fund and $48,000 in expenditures in the Municipal Road Aid fund. There are no expenditures under “Other Funds.”
The City Council also heard a first reading of a proposed amendment to the city’s budget for the current fiscal year, which will end June 30. The proposal shows a $297,100 increase in revenue, including an extra $136,753 in General Fund revenue and an extra $184,534 in Water Fund revenue.
For the rest of this story, see this week's issue of The Cadiz Record or subscribe to our e-Edition by calling 270-522-6605.
