Dexter Takes Another Step Towards 2015-16 Budget

With the 2015-16 fiscal year less than two weeks away, the Dexter City Council is poised to adopt a new budget and ratify various millage rates for funding the city government as a whole.

Residents didn’t show up to air any comments or concerns at a public hearing that preceded the last city council meeting on June 8.

Millages rates for general operating, streets, and General Obligation bond debt will remain the same at 14.0562 — 9.8807, 3.4380, and 0.7375 respectively.

Rates will increase for water by 4 percent and sewer by 3 percent, while refuse rates will remain the same next year at $17.50 per month, providing there’s no significant revelations during the water, sewer, and refuge rate public hearing scheduled for the start of Monday’s meeting.

The various funds indicate good fiscal health for the city, as detailed in the following rundown of fund-balances of the various account that city officials appropriate funds from for general operating expenses and more specific areas of city governance such as utility operations and street upkeep.

General Operating — BEGINNING FUND BALANCE 1,183,388 — ENDING FUND BALANCE 1,268,588
Major Streets — BEGINNING FUND BALANCE 118,155 — ENDING FUND BALANCE 118,115
Local Streets — BEGINNING FUND BALANCE 22,882 — ENDING FUND BALANCE 22,882
Municipal Streets — BEGINNING FUND BALANCE 172,357 — ENDING FUND BALANCE 39,257
Solid Waste — BEGINNING FUND BALANCE 103,626 — ENDING FUND BALANCE 111,226
Tree Replacement — BEGINNING FUND BALANCE 148,460 — ENDING FUND BALANCE 142,260
General Debt Service Fund (voted bonds) — BEGINNING FUND BALANCE 8,191 — ENDING FUND BALANCE 6,091
General Debt Service Fund (non-voted bonds) — BEGINNING FUND BALANCE 146,438 — ENDING FUND BALANCE 738
Equipment Replacement Fund — BEGINNING FUND BALANCE 74,716 — ENDING FUND BALANCE 75,916
Sewer Enterprise Fund — BEGINNING FUND BALANCE AND NET ASSETS 3,463,130 — ENDING FUND BALANCE AND NET ASSETS 3,542,630 — PROJECTED YEAR END CASH 938,601
Water Enterprise Fund — BEGINNING FUND BALANCE AND NET ASSETS 3,026,891 — ENDING FUND BALANCE AND NET ASSETS 3,056,291 — PROJECTED YEAR END CASH 288,556
Retiree Healthcare Fund — BEGINNING FUND BALANCE 756,358 — ENDING FUND BALANCE 871,358

For more information from the discussion and adoption of the 2015-16 budget, see our coverage of Monday’s City Council meeting later in the week.

If you have news that you would like us to cover, send an email to Content and Community Manager Sean Dalton at seandalton@welovedexter.com.

Below is the Dexter City Council meeting regular meeting agenda for Monday, June 22, 2015.

[embeddoc url=”http://welovedexter.com/wp-content/uploads/2015-06-22-agenda.pdf” viewer=”google”]

Below is the Dexter City Council meeting regular meeting packet for Monday, June 22, 2015.

[embeddoc url=”http://welovedexter.com/wp-content/uploads/2015-06-22-packet.pdf” viewer=”google”]

More from Sean Dalton

See local musician Jon Ponder play Foggy Bottom

Local musician Jon Ponder played at Foggy Bottom Saturday morning on Nov....
Read More

Leave a Reply