City Spending Less Than Was Budgeted
With several capital projects deferred, the city has spent $1.8 million less so far than it budgeted for the current fiscal year, according to a report to be presented to the City Council tonight.
About $450,000 of the $1.8 million will be actual savings for professional services not needed by the city, such as engineering consultants.
City revenue remained stable, down only slightly from the $20.9 million projected for the year.
“We’re doing well,” said Dave Bass, city director of administrative services.
“Revenues are tracking evenly, and our expenditures are a lot less than estimated,” he said. “It adds up to net improvement.”
Even the worst hit to the city budget had a silver lining. The largest chunk of lost revenue, $263,844 in federal block grants for capital improvements, will be returned to the city next year, Bass said.
Capital projects being delayed include a landscaping program that would have included such improvements as street median maintenance.
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