E.B. council OKs budget
Published 1:39 pm Wednesday, September 27, 2006
By By Lisa Tindell
A balanced budget was passed during Monday's East Brewton City Council meeting see a growth in revenue of just over $23,000.
While most areas of revenue and expenses show little or no change, one major drop in revenue for the coming fiscal year was seen in the city gas tax.
Some areas of revenue are up considerably for the coming year according to budget figures. Oil production taxes are up in the state and county with a combined total of just over $21,000, Clark said.
An increase of almost $8,000 in the area of fines and fees and just over $5,000 in rental revenue will also help the city coffers for the coming year.
The increases in revenue are offset by increases in expenses for the coming year, Clark said.
Two areas of expenses are dropping this year with two vehicle loans being paid off by the city. Those pay-offs translate to a decrease in expenses by more than $22,000.
The budget for the 2006-2007 fiscal shows a balanced revenue/expense total of $1,204,646.72.
In other business, the council adopted a resolution that will allow the city move forward with demolition on a structure at 204 Harold St.