Expenditures must equal revenue

Edgar's picture

The final draft of the 2019 Timber Lake City budget will look quite different from the first draft that Finance Officer Karla Nordkye prepared and distributed at the August 6 council meeting. To make the expenditure budget balance the revenue (which it must), the council wrestled with ways to cut costs in several areas during the August 27 special budget meeting. The budget will have its first reading on Sept. 5 and the final reading and adoption on Sept. 17.

General Fund

In the first draft, the general fund (which includes streets, buildings, garbage collection, law enforcement, etc.) showed $728,041 in expenses and $478,451 in income – a difference of $249,590. The income included $77,958 cash from the end of 2018 to be applied to the 2019 budget.

 

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