Perryville passes second reading of budget

Published 8:40 am Monday, July 25, 2022

The Perryville City Council passed the second reading of the fiscal year 2023 budget on June 28.

The budget has a beginning balance of $221,393; a projected revenue of $423,311; projected expenditures of $418,922; and an estimated year-end balance of $222,781.

“This budget reflects the commitment to maintain the highest level of government services by wisely using our resources to meet the community’s needs,” Mayor Carlos Miller said.

Below is a budget summary.

Kentucky Profit and Loss Budget Overview – July 1, 2022 through June 30, 2023

Prior Year Restricted Fund Carry Forward – $30,451

REVENUES:

Taxes – $268,400

Licenses & Permits – $43,900

Total ABC – $8,900

Intergovernmental revenues – $50,000

Interest – $1,000

Other – $17,660

Total Revenues – $420,311

EXPENDITURES:

Current operating:

General government – $178,566.80

Police department – $120,172.11

Fire department – $28,320

Garbage collection – $53,000

ABC department – $2,784.60

Intergovernmental Expenditures – $36,079.00

Capital outlay:

Total Expenditures – $418,922.51

Net change in fund balance – $1,388.49

Fund balances — beginning

$221,393.50

Fund balances — ending

$222,781.99