OCR Text |
Show Bountiful City revenues at o 'healthy rate ' By PAUL CHALLIS News Editor BOUNTIFUL A six-month financial report for Bountiful City shows revenues at a "healthy rate" so far in the 1991-92 fiscal year. The report, presented to the City Council by City Manager Tom Hardy, reflects that projections are on target with revenues slightly higher than anticipated. "Revenues in the general fund are about $300,000 more than we had projected, Hardy said. "Savings are about 1 percent higher and revenues 3 percent more at the midway point in the fiscal year." In the enterprise fund or the fund governed by power, sewer, water and parks and recreation (the business busi-ness or money-making arm of the city) has had about $9 million taken in so far, with about $8 million spent Hardy said the franchise tax report is hard to determine at the halfway point and will depend on the weather during the rest of the year, if it will be on budget or not. So far a light winter hasn't helped. The total $30 million budget at the six-month mark is at about 49 percent or just under $15 million with 45 percent out of the budget in expenses and 4 percent ahead in revenues. "We project the budget revenues will narrow by year's end and hit close to our projections," Hardy said. The council accepted the financial finan-cial report from Hardy and admonished admo-nished the staff to keep the budget in line for the next six months. In other action, the council reviewed the park and open spaces plan of the city formulated as part of the master plan. The council voted to have the city staff make option op-tion agreement proposal to a property proper-ty owner at the Lewis Crossroads gravel pit area and to set aside other southeast parts of town for future park development. "I would like to see the council take a proactive role in purchasing property for future park needs," Mayor Bob Linnell said. According to Neil Jenkins, parks and recreation department, the open space and park plan was formulated in the 1960s and hasn't really been updated since. He suggested to the council to develop a five-year plan to update the park and open space proposal for Bountiful. The park and open space plan as formulated by the city includes five entities: Parks operated and owned by the city, schools, churches, private sector, and federally owned parks and recreation areas. "It is the hope of Bountiful that all five of these entities can continue con-tinue to work together into the 21st century,' ' Hardy said. The council also approved an appointment ap-pointment from the mayor for the Power Commission, naming Jed Pitcher as a new member. Pitcher was approved for a four-year term until January 1996. The council also OK'd two Class A beer licenses at the Feb. 5 meeting. Beer licenses for Pay Less Drug Store at 535 South Main and Pride Food Marts, Inc. at 2563 South Main were approved. |