The budget passed by the Commerce City Council for the currently fiscal year represents little change for last year,
The budget projects $4,691,240 in revenue and $4,616,331 in expenditures for a surplus of $74,909. The city saw a surplus of $385,987 over the last fiscal year.
The public library’s budget, which was a hot button issue last year, is $67,430, close to its total in 2011-12 and a $10,000 increase over last year. Parks and Recreation’s budget was cut approximately $70,000 from fiscal year 2013, which is still more than the department actually spent.
The general fund’s revenue was increased by 0.78 percent from FY2013. Property taxes went down from $1.687 million to $1.609 million. Sales taxes were budgeted the same total as last year’s: $775,0000.
In this fiscal year, Hydro Aluminium will come completely on the city’s tax rolls and will be annexed into the city before the end of 2013. A FEMA grant of $183,750 will help the Commerce Fire Department train and hire part-time firefighters.
Budgeted expenses also increased for the general fund by 2.9 percent. The city is planning a $19,600 increase in funding for fuel for the city’s departments and $36,317 in additional funding to staff and operate the municipal court. The city is saving $42,000 this year due to the city pool’s closure.
The city also purchased a new pickup truck for public works and replaced two police cruisers at a cost of $27,326 of additional expense.
The city is expecting a 10 percent decrease in water collections for FY2014, although Cooper Lake revenue remains the same at $311,000. Budgeted expenses also decreased by 17 percent, due to the restructure of bond principal payments, and reductions in reservoir maintenance ($72,659), clarifier maintenance contract ($12,245), chemical/medical supplies ($15,000) and electric utility costs ($25,000).
Revenues are expected to improve in FY2014 by 8 percent, due to an increase of wastewater treatment costs collected by the city. The wastewater expenses are budgeted to decrease by 13 percent.
Note: Fiscal year 2014 (FY2014) runs from Sept. 1, 2013 until Aug. 31, 2014).