Amador County – The Plymouth City Council will consider finalizing its 2010-2011 budget on the last day of this fiscal year, and staff said the budget will be balanced. City Manager Dixon Flynn said Wednesday that the city budget will balance, but the council needs to transfer some funds to get to that point. The council set the special budget meeting Wednesday (June 30th) so it can address the budget without the distractions of regular agenda items. Flynn said the city’s General Fund and Sewer Fund were in good condition, but the Water Fund was “upside down,” due to construction of the water pipeline that connected the city’s system to the Amador Water Agency. He said a $160,000 transfer of funds from the General Fund and Sewer Fund would balance the Water Fund. He said Finance Director Jeff Gardner has been working on the budget, and updating drafts to the council, and he said recently that he is finished with the final update for next week’s meeting. Flynn said the council today will get updates from staff on 2 projects to improve the city sewer drain system, and also the wastewater plumbing system. The projects are going well, he said, at no cost to the city, with $2.4 million in funding for the work coming from the American Recovery and Reinvestment Act. But Flynn said any overrun will have to be paid by the city, leading to “creative sweat equity” to balance costs in the project. Engineering Consultant Richard Prima was expected to give a report today (Thursday, June 24th) on the sewer system upgrade project. Flynn said when the city completes its upgrade, a lift of the building moratorium will allow building in the city. But he said due to the economic downturn, the city has gone from having 9 potential developers, to having only one still sticking around. That one was Reeder Sutherland. The reason the others weren’t around, Flynn said, was due to a tightening on lines of credit by the credit industry. by Jim Reece This email address is being protected from spambots. You need JavaScript enabled to view it.
Thursday, 24 June 2010 06:08
City Manager Flynn Says Plymouth Will Balance Its Budget
Amador County – The Plymouth City Council will consider finalizing its 2010-2011 budget on the last day of this fiscal year, and staff said the budget will be balanced. City Manager Dixon Flynn said Wednesday that the city budget will balance, but the council needs to transfer some funds to get to that point. The council set the special budget meeting Wednesday (June 30th) so it can address the budget without the distractions of regular agenda items. Flynn said the city’s General Fund and Sewer Fund were in good condition, but the Water Fund was “upside down,” due to construction of the water pipeline that connected the city’s system to the Amador Water Agency. He said a $160,000 transfer of funds from the General Fund and Sewer Fund would balance the Water Fund. He said Finance Director Jeff Gardner has been working on the budget, and updating drafts to the council, and he said recently that he is finished with the final update for next week’s meeting. Flynn said the council today will get updates from staff on 2 projects to improve the city sewer drain system, and also the wastewater plumbing system. The projects are going well, he said, at no cost to the city, with $2.4 million in funding for the work coming from the American Recovery and Reinvestment Act. But Flynn said any overrun will have to be paid by the city, leading to “creative sweat equity” to balance costs in the project. Engineering Consultant Richard Prima was expected to give a report today (Thursday, June 24th) on the sewer system upgrade project. Flynn said when the city completes its upgrade, a lift of the building moratorium will allow building in the city. But he said due to the economic downturn, the city has gone from having 9 potential developers, to having only one still sticking around. That one was Reeder Sutherland. The reason the others weren’t around, Flynn said, was due to a tightening on lines of credit by the credit industry. by Jim Reece This email address is being protected from spambots. You need JavaScript enabled to view it. Latest from
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