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Century Increasing This Year’s Budget By Over $300K With Anticipated Grant, Special Revenue Funds
May 13, 2020
The Town of Century is amending their current budget to reflect an increase of more than $300,000.
The town’s budget for the current fiscal year that began October 1 is $3,637,645, and is being updated to $3,946,623, according to accountant Robert Hudson.
The $309,278 increase (nearly 9%) comes from an anticipated grant of about $110,000 for a sewer project, a transfer of $79,783 from special revenue and anticipated savings in a few budget categories.
Four members of the town council took part in a teleconference budget workshop Monday evening to discuss the changes. Councilman James Smith did not attend.
The council must advertise the budget changes and hold public meetings before the changes can be finalized.
Comments
5 Responses to “Century Increasing This Year’s Budget By Over $300K With Anticipated Grant, Special Revenue Funds”
What about the anticipated cost of corruption and personal loans without any paperwork???
“Anticipated Grant”????
Anticipate winning the lottery!!!
Losers never learn!!!
Next on the tea leaf readers agenda…..?
James, You are so right.
What happens in they don’t get the grant?
not an important enough meeting for Councilman James Smith
Not surprising that Century would count the chickens before they hatch. I wonder how many other towns applied for the same grant and are also “anticipating” the funds. Perhaps I can anticipate funds when I decide to purchase my next vehicle.