City 2012-13 budget passes second reading
by Franklin Clark, Reporter --
May 09, 2012 | 6 6 recommendations | email to a friend | print
At its meeting last Tuesday evening, the Cadiz City Council unanimously approved, on second readings, both the city’s budget for the 2012/2013 fiscal year and an amendment the current fiscal year’s budget.

“So we’re in business again, it looks like,” said Cadiz Mayor Lyn Bailey.

Both were decided by roll-call votes after no discussions of either budget.

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.”

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.
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