Geneva looks at new budget
GENEVA – The city has been lean for five years now, tightening belts, reducing spending and its 2013-14 budget proposal reflects that commitment to financial stability, City Administrator Mary McKittrick said Monday in her budget presentation at the city council.
At a proposed $16.3 million, the city's general fund, which pays for day-to-day services, is $2 million less than it was five years ago McKittrick said. It has an ending balance of $4.2 million, which is just over the requirement of having enough money to cover 93 days of expenses.
"This year, my focus is fiscal stability," McKittrick said. "You will recall over the last five years in presenting each of these budgets to you, I have spoken about managing the challenges, wants versus needs, good governance and living within our means."
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