The graph shows how much of the city’s available cash has been spent since 2008 when there was approximately $55 million available. The budget shows that spendable cash is projected to be about $24 Million for FY 2018 ending June 30th 2018.
If the budget and associated plan is approved as currently presented, it projects that spendable cash will be further reduced to approximately $10 million in four years. Besides city expenditures, that amount must also accommodate emergencies or the possibility of receiving less than the projected income. Without a budget surplus, capital improvements are limited almost exclusively to needed road or sewer repairs.
Please attend the meeting or write the council members to urge them to find ways to responsibly reduce costs and protect the financial future of the City. Write c/o Kward@danapoint.org