Emmitsburg Budgets FY 2006 2007 2008

January 3, 2007 at 12:16 pm | Posted in Emmitsburg | Leave a comment

The accountants report is now available for the Emmitsburg FY 2006 budget year that ended June 30, 2006.

Now is a good time to get the numbers from the accountant as to the amount of

surplus from FY2006 in the General Fund and the Enterprise Fund.

She should make a report in public as she did last year. What recommendations will she make about the budget process?

These funds must be separately broken out to see how much carryover funds are available this year (FY2007) to add to the rainy day funds for the two major accounts (General fund and Enterprise fund) or what ever is decided on how to spend the funds.

As part of the budget process there should be an estimate made as to the surplus projected in the budget on June 30 2007 so that can be incorporated in the 2008 budget.

Also the preliminary deliberations for budget for 2008 which starts July 1. 2007 is to be announced in a January 2007 meeting by the Mayor and Staff per request by council at a previous meeting.

PS; The City of Frederick has their report already available (by the same accounting firm as Emmitsburg) and they had a $3M surplus for last fiscal year which they placed in their “rainy day fund”

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