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November 26, 2014

Weaver sees positive direction for its finances

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Posted: Tuesday, July 8, 2014 8:30 pm | Updated: 8:34 pm, Tue Jul 8, 2014.

WEAVER — City officials are gearing up for budget season.

A light agenda for Tuesday night's Weaver City Council meeting left time for Mayor Wayne Willis to update city employees about Weaver's financial standing for the fiscal year 2014, and what it means for 2015.

"Financially, we're no Oxford, but I think we're in good shape and heading in the right direction," Willis said, referring to the recently reported figure of about $70 million in that city’s cash reserves.

Through the first nine months of the 2014 fiscal year — October 2013 through June — the city was ahead on projected incomes by more than $700,000, bringing in a total of $1.8 million. The city's total expenditures for the year were at $264,238, which was about $23,000 more than projected.

"We've unfortunately had some surprise expenses we didn't anticipate," Willis said. "Fortunately we had the money to cover it. I would have preferred using that money for something else, like putting it into roads."

Willis said in the upcoming weeks he will meet with city employees to start discussing Weaver's plans for 2015, and he said for the first time in many years department heads won't be asked to find ways to slash their budgets.

"I've always gone to them and said, 'cut, cut, cut,'" Willis said. "But we're looking good now, and that's no longer the case."

Willis said he hopes to have a draft of the 2015 budget to present to the council in early August, with a final budget ready to vote on before September.

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