Archived Story

Town’s budget projects higher revenues for 2014 fiscal year

Published 1:39pm Thursday, September 12, 2013

The Maplesville Town Council approved Sept. 9 a budget for Fiscal Year 2013–2014 with higher revenues and lower expenditures compared to the previous fiscal year.

The new budget projects $870,350 in revenue and $825,376 in expenditures for a balance of $44,974.

Revenues and expenditures for the 2012–2013 fiscal year totaled $831,050 and $830,076, respectively, creating a balance of $974 – about $44,000 less than the estimated balance for the 2014 fiscal year.

Revenues for the 2013–2014 fiscal year are projected to be higher than last year’s revenues because of an increase in the town’s sales tax and business licenses, Town Clerk Sheila Haigler said.

Although the town hired a fifth full-time police officer this year, the police department’s estimated expenditures did not drastically change since the amount of overtime pay officers received last year was close to the salary of another officer.

The town 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.

“Financially, we’re doing OK,” Mayor W.C. Hayes said. “We don’t have a pile of money, but we’re OK.”

Hayes said the town hopes to secure grants for expansion at Maplesville Community Park and a future project to extend sewer lines from Oil Tank Road to West Fraser.

A meeting with the USDA to discuss potential sewer grant funding will be held in Hayes’ office in October.

The following is a budget overview:

•Revenues for Fiscal Year 2013 included: city sales tax, $365,000; ad valorem tax – general fund, $45,000; ad valorem tax – fire, $22,000; motor vehicle tax, $2,400; gasoline tax, $8,000; cigarette tax, $3,400; privilege licenses, $115,000; intergovernmental – TVA and financial institutions excise, $5,300; grant income, $0 (subject to change); fines, $104,000; investment earnings, $500; rental income, $900; miscellaneous income – M4A, etc., $11,650; transfers – MC salary, $20,000; fire department, $13,500; garbage department, $55,000; municipal corrections, $26,000; rehab income, $1,200; road building 1 and 2, $22,200; seizure, $0 (subject to change); tip, $10,000; and total revenues, $831,050.

•Expenditures for Fiscal Year 2013 included: general and administrative, $305,000; police, $293,000; community development, $4,500; capital outlay, $3,500; debt retirement – general fund, $30,000; debt retirement – fire, $15,500; interest and fiscal charges, $11,000; fire department, $30,800; garbage department, $53,500; municipal corrections, $26,000; rehab, $60; road building 1 and 2, $52,200; seizure, $16; tip, $5,000; and total expenditures, $830,076.

•The balance for Fiscal Year 2013 is $974.

•Revenues for Fiscal Year 2014 include: city sales tax, $400,000; ad valorem tax – general fund, $48,000; ad valorem tax – fire, $24,000; motor vehicle tax, $2,400; gasoline tax, $8,000; cigarette tax, $3,500; privilege licenses, $125,000; intergovernmental – TVA and financial institutions excise, $5,000; grant income, $0 (subject to change); fines, $100,000; investment earnings, $500; rental income, $900; miscellaneous income – M4A, etc., $12,150; transfers – MC salary, $20,000; fire department, $11,500; garbage department, $55,000; municipal corrections, $26,000; rehab income, $1,200; road building 1 and 2, $22,200; seizure, $0 (subject to change); tip, $5,000; and total revenues, $870,350.

•Expenditures for Fiscal Year 2014 include: general and administrative, $295,300; police, $296,000; community development, $4,500; capital outlay, $40,000; debt retirement – general fund, $13,000; debt retirement – fire, $0 (subject to change); interest and fiscal charges, $2,000; fire department, $30,800; garbage department, $53,500; municipal corrections, $26,000; rehab, $60; road building 1 and 2, $63,200; seizure, $16; tip, $1,000; and total expenditures, $825,376.

•The balance for Fiscal Year 2014 is $44,974.

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