Maplesville council approves 2013-2014 budget (updated)By Emily Beckett Published 10:05pm Monday, September 9, 2013
Maplesville’s town council unanimously approved Monday a budget for the 2013–2014 fiscal year.
The budget projects $870,350 in revenue and $825,376 in expenditures for a balance of $44,974.
Total revenues for Fiscal Year 2012–2013 were $831,050, and total expenditures were $830,076, resulting in a balance of $974.
In September 2011, The Clanton Advertiser reported that the town passed a budget of $917,925 in revenue and $901,721 in expenditures for a balance of $16,204 for the 2012 fiscal year.
It marked the first time the town had passed a budget before the fiscal year began in October, and it was the town’s first budget to contain an itemized list of expenses for each department.
The 2013–2014 budget is projected to be higher than last year’s budget because of an increase in the town’s sales tax and business licenses, Town Clerk Sheila Haigler said.
“Our revenue will increase for next year because of some additional sales tax we received,” Haigler said.
On the expenditures side, Haigler said that although some expenses were added to this past year’s budget to hire a fifth officer in the police department, the town also decreased expenditures by paying off three loans, which eliminated all debt retirement aside from the town’s sewer loan that has not yet been paid off.
For more information about Maplesville’s budget, check ClantonAdvertiser.com and a future edition of the newspaper.