Frankford Town Council President Robert Daisey presented a $366,300 operating budget for the coming year showing considerable line item adjustments, and a nearly 10 percent bottom line increase in expenditures since fiscal 2005, at a budget hearing on Aug. 1.
Expenditures were nearly on target last year (slightly less than anticipated), but revenues came in much higher. There was a $216,313 “overflow” (including $46,500 in grants and awards the town hadn’t budgeted for). “Reimbursables” and water system user charges also generated higher than anticipated revenues.
A portion of that surplus has been reallocated to parks and building maintenance this year.
Primary anticipated revenue sources remained (1) town taxes at $75,000, (2) water user charges at $75,000, (3) real estate transfer taxes at $30,000, (4) rent from J.P. Court #1 at $23,000 and (5) fines generated during state police coverage at $11,000.
The town increased its estimate for revenues from water system user charges by more than 50 percent, to $75,000. That revenue source generated nearly $133,000 in fiscal 2005, more than twice what the town had budgeted.
Frankford brought in less money than expected from building permits and fees last year, but budgeted for an optimistic 111 percent increase from that revenue source this year (up to $8,000 from last year’s less than $4,000 actual).
Under expenditures, the town budgeted nearly three times as much money for accounting this year (to $11,500), and more than doubled the budget for analytical services (to $30,000), to match up with much higher than anticipated outlays last year.
The town budgeted for $50,000 in trash fees revenues over the coming year, although last year’s actual revenues ($72,000) far exceeded expenditures ($34,000).
Town Clerk Terry Truitt said those expenditures didn’t reflect periodic community-wide trash pick-ups — although town staff typically volunteers time for that duty, there are still costs associated.
Other major outlays included wages ($65,000, down 13 percent from last year), state police coverage ($55,000, about the same as last year), insurance and legal services (both budgeted at $20,000, both up by very roughly 33 percent over last year).
There having been no changes since previous budget meetings, council unanimously approved the budget as presented.