After noticing a 2 percent shortfall in May’s year-to-date revenue, Hamilton Branch Community Services District directors voted to adopt a decreased budget for its 2013-14 accounting period.
Although excessive usage during the district’s final fiscal month of June was expected to significantly increase revenue, it is unlikely to account for the $32,000 deficit. An average calculation for the last 11 months would equate to an approximate yearly income of $192,000, whereas the district previously budgeted for $207,000.
Operating expenses were also lower than expected by almost 2 percent. However, general and administrative expenses were underestimated in several categories, which warranted an increase in budget. The bottom line was a proposed increase of 1 percent between the two categories.
Although the district anticipated ending the year with a remaining balance of $26,261, the year’s average puts them closer to $23,000.
In order for next year’s budget to be more realistic, office manager Mike Roarty proposed a total gain for the upcoming year of $19,884, which is $6,377 less than last year.
Board secretary Robert Warner moved to accept the proposed budget for the 2013-14 fiscal year and director Kay Williams seconded. With the acceptation of absent director Christine Delucchi, the board voted June 19 to unanimously approve the new budget.
Chester wins its tournament
James Wilson Sports Editor 12/20/2013 Chester’s boys varsity basketball players show off the trophy they won at Chester’s annual Mountain Pride Tournament...Read More...
Portola girls win tourney
Portola’s Rachel Wehrman goes for the layup in the Tigers’ game against Loyalton last Friday night. Portola’s girls won in the final minutes. Photos by James...Read More...
Quincy, Portola tip off basketball seasons
Quincy’s Brady Rick looks for his best passing option during the Trojans’ game against Excel Christian on Dec. 5. The Trojans won 63-48. Photos by James Wilson James...Read More...