Accountant Offers Prediction: Century Will Have A Good Budget Year

October 20, 2009

The Town of Century’s accountant predicts that the new fiscal year will be a good one financially for the town.

“It looks better this year than this time last year,” Robert Hudson, Century’s accountant, said. He predicted that by the middle the of the budget year, which started October 1, “I think our incomes will wind up being a little more than we budgeted.”

The total budget approved by the town council was $4,587,744 — an increase over last year’s $3,154,355 budget. The increase this year is due to $1.83 million for a water infrastructure project being funded by a grant.

Outside of the grant-funded water project, the town’s biggest source of revenue — $1,707, 600 — is from water, gas and sewer charges, and the biggest expense is $1,246,579 to pay for the costs associated with providing the water, sewer and natural gas service for the town’s residents.

The ad valorem millage rate for the town remained at .823 per $1,000. The ad valorem taxes are estimated to provide Century with $26,000 in revenue during the October 1, 2009, to September 30, 2010, budget year.

“Considering the economy, I think we are doing pretty good,” Hudson told the Century Town Council Monday night.

Comments

2 Responses to “Accountant Offers Prediction: Century Will Have A Good Budget Year”

  1. starlight on October 21st, 2009 3:15 pm

    Wow, you are the few towns around to stay in the black! Great Job to your leaders!!!!

  2. W.R. on October 21st, 2009 1:40 pm

    Extremely good news! Keep up the good work Town Council and Mayor McCall.

Written by William Reynolds · Filed Under News