Hello Citizens,
The Board/Council resolved the budget issue by allowing the undesignated "storage" account to deplete nearly to $0. Deferring around $55,000 in payments to vehicle replacement reserves prevented the "storage" fund from going into the red. In past years, this fund has been maintained at nearly $1,000,000.
As you can probably surmise, this is merely a temporary fix: duct tape and super glue. Fire District expenses still exceed Fire District revenues by around $800,000.
Wednesday, May 19, 2010
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