Budget Committee Transfers 4 Cents From School’s Budget

Although there weren’t any final budget recommendations made during last nights Cannon County Budget Committee meeting, there was a decision rendered when it came to the funding of schools.  The Budget Committee voted 4 to 1 to move 4 cents from the school’s portion of the property tax and place it into the county general fund.  During the fiscal year 2011-2012 the school’s portion was 90.5 cents.  During this fiscal year of 2012-2013 the portion will now be 86.5 cents.  It’s estimated at the end of the fiscal year the ending fund balance will be $775,384.00.  With this decision it will trim the ending fund balance June 30th 2013 $83,000 which would bring the total ending fund balance of $692,384.00.  This is still a healthy fund balance for the schools and no changes to the appropriations of the actual budget will need to be made.  In another significant move, the Committee decided on contributing $1500 to the Cannon County Chamber of Commerce.  The Chamber had originally requested $10,000.00 but the question arose about how much the city of Woodbury gave.  Because the Town of Woodbury only gave $1500 the County felt they just needed to match the amount that Woodbury has contributed.  The Committee then went through the budget again.  They trimmed $2000 more off of the Election Commission budget to bring the total to $167,571.00.  They also trimmed $2000 from the Ambulance Service budget which will appropriate $886,056.00 to the department.  The Committee also looked at the first time added section of the Medical Examiner, who’s budget is $16,919.00.  The next meeting of the Cannon County Budget Committee will be July 24th at 7:00