Samburg officials OK budget

Samburg officials OK budget
Staff Reporter
A year ago Samburg was more than $15,000 in the hole and struggling financially.
What a difference a year makes.
On Monday afternoon, the Samburg mayor and board of aldermen approved a 2011-12 city budget that includes more than $250,000 in revenues, $244,000 in expenses and a $6,326 fund balance.
The new spending plan was approved on its second and final reading Monday. Voting for the budget were Mayor Larry Gene Davis and aldermen Eddie and Juni Fickle and Woody Cook. Absent from the called meeting were aldermen Johnnie Johnson, Gerald Reed and John Vancleave.
Samburg’s new city budget has taken several months to draft, but the new spending plan sets the foundation for a city that is financially sound.
Highlighting the city’s 2011-12 budget is $77,500 in revenue from the sale of two city-owned lots. The revenue is being used to finance a new city hall building that is costing the city $75,423 to build.
Published in The Messenger 11.29.11

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