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Council approves budget ordinance Melodie Phelps News Editor Monticello City Council approved the budget ordinance for the 2006-2007 fiscal year, during a meeting held Monday evening. The total general fund budget for next year is $1,490,563. The total enterprise fund budget, which includes the water, sewer, and garbage departments, is $3,230,084. The capital projects budget for the city for the next fiscal year totals $5,113,200. This includes several larger projects, like water and sewer expansions, as well as state grant monies for a downtown revitalization project. Also during Monday's meeting, the council approved the second reading of a budget amendment ordinance regarding the current fiscal year. The only changes made were in the general fund budget. Actual revenues were adjusted from $1,443,062 to $1,568,598. The amendment noted increased revenues in property taxes, intergovernmental revenue and grants, and fines and forfeitures. The council also received a check from the Monticello Electric Plant Board. Nancy Allen presented the $7,000 check during the council meeting, noting that it was for help with maintaining right-of-ways. In other action, the council approved a resolution that would deed school property back to the Monticello School District. Monticello Mayor Thurston Frye explained that under former laws school property was conveyed to the city which issued revenue bonds for construction. That property was then leased back to the school board. Frye stated Monday that the laws have changed and he recommended the council approve the resolution to reconvey the property to the district. As Frye addressed the council Monday, he formally announced that he will not seek re-election this fall. Frye cited several reasons for his decision, including a hearing loss. In other action during the meeting, the council: * Heard the first reading of a traffic control ordinance which will place a stop sign at the intersection of Barnes Drive and Rolling Hills Boulevard. * Approved Frye's re-appointment of Dr. Lynn Buckley to the Monticello Electric Plant Board. * Approved Greattinger and Crowley as the auditor for fiscal year 2006. Add a comment |
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