Kahoka Aldermen Approve $3.9M Budget
By Mike Scott
The City of Kahoka will take in over $3.9 million dollars in taxes and fees during the 2012 fiscal year, which began on April 1. During a public hearing held on Thursday, March 31, the Kahoka Board of Aldermen reviewed the proposed budget, which would also see the city spend over $3.76 million dollars.
Overall, the city is budgeted to be $133,200 in the black for the 2012 fiscal year. Following the hearing, the budget was approved by a 3-0 vote.
The city expects to take in $367,300 in general revenue, while spending $364,000. General revenue includes the general account, fire, police, dog, cemetery, airport and farm accounts.
The city should do a little better than break even on the Pool account this year, with revenue projected at $45,500, and expenses at $44,900.
In the Street account, the city expects $452,100 in revenue and $442,200 in expenses.
The Water and Sewer budget shows a loss, but only because the city will transfer $45,600 into its money-market account. Water and Sewer revenues are projected at $430,000, while expenses, including the transfer, will be $458,700.
The Electric department will show a profit of $178,000 for the city, as they will bring in more than half of the total revenue at $2,276,700. Electric expenses is also consumes more than half of the total budget at $2,098,700.
Cable will also show a loss of $29,900, but also because of a transfer to the money market account. The cable department will generate $329,000 in revenue, and will spend $358,900, including the $30,000 transfer.
Capital expenses for the year will include $100,000 on street paving, $76,000 on the variable frequency drive (VFD) for the water pumps at Wayland, and $50,000 in Kahoka waterline replacement project expenses. The city also plans to address the erosion problem in the Fox River which has exposed the city water pipeline, but does not have a dollar figure for that figure. Money for that project will come from the money market account.
“We are anticipating a rise in the water and sewer rates,” said Mayor Wayne Blum.
“The bottom line is that we not making enough money to maintain the system like it needs to be maintained,” said Alderman Jerry Webber