The Press Newspaper
Genoa Village Council approved its $8.3 million temporary budget for 2012 at Monday’s meeting.
State law mandates passage of a temporary budget before year’s end. March 31 is the deadline for a final budget.
The legislation was passed with an emergency clause, which means the budget takes effect immediately rather than the normal 30-day waiting period after item’s passage, according to Fiscal Officer Chuck Brinkman.
The general fund, which provides funding for most of the daily operations, is $1.3 million.
Village Administrator Kevin Gladden said there were few surprises in the budget.
Chief projects include finishing the final phases of the northwest section sewer installation project, street repaving and possible funding for a Washington Street renovation.
“Budget-wise, I think we are in pretty good shape,” Gladden added.
There was, however, one amendment made during the regular session Monday.
Village council added a new line item – an equipment debt fund.
“Before when we purchased items, we took monies out of different funds including the capital outlay fund, the electric fund. This new line item just helps make things more transparent regarding equipment purchases,” Gladden said.
The money fed into the fund does not have to be used annually and can rollover into the next year. “The fund can continue to grow for purchases that come down the road,” he added.
The next anticipated purchase for the village is a digger truck, one used to help set poles and other items, Gladden said. The current one is a 1982 model.
But the village won’t delve into that purchase until later in 2012, the administrator said.
The municipality still has about a year and half to go on a debt for a bucket truck and street sweeper financed through a leasing company.
“We’d like to get most of that taken care of before making another purchase,” Gladden said.