The city of Jefferson had $203,000 more in revenue than budgeted during the fiscal year that ended June 30. Expenses were $44,000 more than budgeted, requiring the city to spend less of its fund balance than expected.
The city council at its Aug. 27 meeting reviewed the general fund year-end summary.
Revenues were pegged at $1,989,908 for the year; they totaled $2,193,094 as of June 30. Property tax revenue was $1,200,662, which was $94,000 more than anticipated.
Police revenue was more than twice what was anticipated. City administrator Mike Palmer explained that was due to a reimbursement of police academy expense for two officers who left the Jefferson department. Fire revenue was almost three times what was anticipated due to funds received from Grow Greene County.
Recreation revenue was also up thanks to Grow Greene County funding for a new gymnasium floor at the Greene County Community Center. The library, parks, cemetery and the swimming pool all showed more revenue than anticipated.
Expenses in the FY 2018-19 budget were set at $2,337,279 and totaled $2,381,643 at year-end.
The swimming pool ended the year $96,389 over budget; expenses during the year included a new liner and cover. The golf course was $76,500 over budget due to equipment purchases. Police, library and recreation expenses were all lower than budgeted.
The bottom line in the general fund summary showed a positive $158,822 when comparing revenues vs expenses.
In the enterprise fund, water revenue was $264,772 less than budgeted while expenses were $200,507 under budget. Sewer revenue was $170,381 less than budgeted and expenses were $56,811 under budget. In both accounts, the decrease in revenue was greater than the decrease in expense.
Sanitation expenses were $312,166 over budget; revenue was only $740 over budget. Recycling expenses were $9,700 over budget while revenue was $10,087 under budget. Airport revenue was very close to what was budgeted; expenses were $23,118 less than expected due to grant funds received.
Combined, enterprise funds were $441,934 under budget in revenue and $41,429 over budget in expenses.
The city council will begin the budgeting process for the fiscal year ending June 30, 2021 at a priorities workshop Sept. 24.
