Friday, June 15, 2007
Fiscal Year 2007-2008 Stare Revenue Sharing Fund Budget Approved
Immediately following a public hearing at their June 11th meeting, the City Council unanimously adopted the fiscal year 2007-2008 State Revenue Sharing Fund budget. The total State Revenue Sharing Fund budget is $32,400. This is significantly less that last year’s $63,000 budget, due to the fact that $40,000 in previously saved pothole repair reserve funds had to be used to subsidize the operation of the water system. Since the voters approved a water rate increase last year, the remaining funds can now be used for other purposes. A total of $17,950 will be contributed to various community service organizations, including Belloni Shelter Care, Dial-A-Ride, the Project EAT meals program, the Bandon Historical Society, the Lions Club 4th of July Celebration, the Neighbor to Neighbor Dispute Resolution Center, the Retired Senior Volunteer Program (RSVP), the Start Making A Reader Today (SMART) program, the Women’s Resource Center, and the Bandon Youth Center. $7,320 is budgeted for rebuilding the pothole repair program, and $7,130 is included for contingencies.
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