Savings, More Revenue Swell Municipal Budget
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A midyear fiscal review shows that the city will have more money than projected in its annual budget, according to a report to be presented Tuesday to the City Council.
The extra money came from a variety of sources, from building fees to savings from not hiring for budgeted jobs, City Manager Robert C. Dunek said.
“We always want to ensure that we are conducting the city’s business as efficiently as possible,” he said.
Some of the savings came from conservative budget projections, Dunek said. But city officials also “pretty aggressively managed our expenditures. We clearly are saving because there were some set positions we didn’t fill.”
A report by Dave Bass, who is in charge of city finances, showed that the city’s revenue is $900,000 above projections.
The biggest increase came from an upswing in building activity, officials said. Lake Forest also saw an increase in revenue from property taxes and the city trash franchise.
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