THE CITY REBORN FROM THE ASHES OF AMERICA'S MOST DISASTROUS FOREST FIRE
Pound Village Board Reviews, Adjusts 2018 Budget Details
Issue Date: October 4, 2017
The Pound Village Board reviewed and tweaked its preliminary 2018 budget during its monthly meeting held on Monday, Oct. 2.
The 2018 draft budget originally projected total revenues at $372,015 (a 7.44% increase from the 2017 budgeted total of $346,255) and projected total expenditures at $559,095 (a 61.469% increase from the 2017 budgeted total of $346,255).
However, the board then discussed the budget and made adjustments to bring it much closer to being balanced. The projected budget shortfall was reduced from $187,080 to $18,580 with projected total expenditures now at $390,595. Even this budget is still in the draft stage and village clerk/treasurer Patricia Schutte will continue to make adjustments before bringing it before the board again.
The board also discussed creating a clear street banner policy. Board members agreed that the purpose of streets banners should be to "promote business", that discretion would be given to the clerk/treasurer and Department of Public Works Director Kevin Schutte when reviewing banner applicants. A fee for non-Pound businesses wishing to put up a banner was set at $100.
In addition, it was reported that the Coleman Area Rescue Squad annual meeting is set for Wednesday, Oct. 18 at 7 p.m. at the Rescue Squad Building. The board also set this year's Halloween trick or treat hours from 4 to 6 p.m. on Tuesday, Oct 31.
The treasurer's report showed that the general account has a balance of $784.85, the village's money market account balance is $86,391.04, the village has petty cash amounting to $500, the certificate of deposit accounts have a balance of $16,072.20 and debt service for the village totals $594,893.17.