City passes 2019 budget
During a public hearing last Thursday evening at Rugby City Hall, members of the Rugby City Council who were present voted to approve the 2019 budget.
With a mill valuation of $7,617 (down $40 from 2018), the city will levy $796,599 in property taxes for 2019 or 104.58 mills. Of that total $684,099 or 89.81 mills will go toward the city’s general fund; $45,500 or 5.97 will go toward the city’s Public Recreation fund; $19,000 or 2.49 mills will go toward Snow Removal; and $48,000 or 6.30 mills will be levied for the Heart of America Public Library.
The city projects over $4.9 million in proposed revenues for all funds, and over $5.1 million in proposed expenditures, leaving a net budget of negative $190.548.
An estimated $878,982 will be transferred in 2019. Of that total $140,000 will be transferred from the Water Supply Enterprise Fund ($70,000 from treatment and $70,000 from distribution) to the Water Supply Capital Improvement Fund; the Capital Equipment fund will receive $100,000 from the Highway & Streets fund ($50,000 will be set aside for a new payloader and the remaining $50,000 will be set aside for a new street sweeper) and $5,000 from the General fund (set aside for a new police vehicle); $32,108 will be transferred from Infrastructure to the General fund ($23,908 for weed control and public grounds and infrastructure maintenance, $6,000 as a payment on the Library elevator project and $2,00 for warning sirens); $110,000 will be transferred from Infrastructure to the Buildings Capital Improvement Reserve fund ($100,000 for the swimming pool roof and $10,000 set aside for City Hall); $50,000 will be transferred from the Sewer Operations Enterprise fund to the Sewer Capital Improvement fund; $19,000 will be transferred from the General fund to Recreation to offset Recreation Program costs; $47,685 will be transferred out of Infrastructure as a bond payment on the Fire Hall; $200,000 will transferred out of Infrastructure to fund Highway & Streets; $149,775 will be transferred out of Infrastructure to fund the city’s portion of 2009 special assessments; and $25,414 will be transferred out of Infrastructure to fund the city’s portion of 2013-2 Chalmer’s Addition Specials.
During the meeting council members present also passed the second reading of Ordinance No. 412, which makes the annual appropriations for city expenditures.
Please Enter Your Facebook App ID. Required for FB Comments. Click here for FB Comments Settings page