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LOYALTON MEETS ON BUDGET

1/12/2019

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​LOYALTON CITY COUNCIL held a budget meeting January 8th with Bookkeeper Tracy Smith. It was a grueling process going through every budget line by line reviewing the individual totals and Tracy giving out the total so far this year, last year’s total and the amount, if any, reimbursed. Mayor Sarah Jackson wanted to shoot high and be conservative on figures.
In the Park and Social Hall budget, there was a $1,350 positive balance.
The Fire budget ended with a negative $7,045 and a conclusion that preliminary training for new firefighters should be paid by the City. 
For Highways and Streets, it was alarming how the cost of lights had doubled and Vice Mayor Nancy Rogers was to call to verify the cost of $64,000 so far this year and to check whether SCORE insurance provides training for the boom truck. The City gets a 60% rebate on snow grooming after $5,000. There was a reduction of $815 in the transfer from the General Fund and a final positive balance of $37,187.
The Sewer Enterprise Budget was the last budget reviewed and ended with a $32,141 negative balance. Salaries so far total $36,994 and last year’s total was $73,118 so that total was increased to $75,000. Contracted services was increased to $25,000 after the year’s total with Farr West so far is $24,525. 
The Debt Principal is $122,495; Debt Interest, $100,300 and Debt Reserve is $11,205. The City pays $6,000 a week out of the General Fund to the Enterprise Fund to pay the loan.
Total contingencies was stated to be $129,864.11 and takes a 4/5 vote to spend. 
The meeting lasted four hours and the council was praised for its work. The General Fund and Water Budgets will be covered on January 15th at 5:30 p.m. prior to the regular meeting.
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