(West Plains) – Members of the West Plains City Council and other city officials met on Thursday morning to discuss budget changes for the current fiscal year.
City Finance Director Dixie Williams discussed some changes to the budget, including a 2% reduction in electricity revenue by the city, and a number of requests for new vehicles by various departments in the city.
Despite the requests, a number of surplus vehicles and items were sold by different departments, and the city is still sitting extremely well, financially – the fiscal year 2014 budget is $12.6 million in revenue, with $8.6 million in budgeted expenses and $5.9 million in budgeted capital, for an amended change of $88,000. Williams expects sales tax revenue to be flat next fiscal year, and she says that’s what’s been budgeted.
The city of West Plains has roughly $15 million in the cash reserves. Williams says that the city needs about $5 million to be considered “healthy”.