Wednesday, December 12, 2018
Home > News > Wardensville Council Distributes Budget Surplus

Wardensville Council Distributes Budget Surplus

By Jean A. Flanagan

Moorefield Examiner

 

“We estimated a carryover of about $30,000,” said Wardensville Recorder Maureen Martin. “Thankfully, there is considerably more than that.”

The Wardensville Council met in special session on Monday, July 30 to approve a final budget revision to the state and to discuss other financial matters.

The council voted to distribute the $71,311 carryover as follows:

$9,000 – Town Hall to cover the additional cost of the audit

$16,980 – Park and Pool to cover additional utility costs

$1,800 – Library to cover telephone costs

$7,500 – Budget Stabilization Fund is allowed to be 30 percent of prior year’s budget

$31,732 – Capital Outlay part of the town’s General Fund

The council approved the budget revision and the allocations presented.

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