Selectmen approve 2017-2018 budget

Mayor Robbie Robinson presented Ward 1 Selectman Linda Hannah, Ward 3 Selectman Jimmy Clark and Ward 5 Selectman Gary Dedeaux with personalized certificates of appreciation for their time serving as selectmen during Tuesday night's meeting.
By: 
MARY RUMORE
Staff Writer

The West Point Board of Selectmen unanimously approved the budget for 2017-2018 that was previously discussed during last week's public hearing.

Mayor Robbie Robinson said no changes were made to the budget since last week's meeting.

The total revenues for the general fund are $7,844,851, and the total expenses are $7,769,322.83, with a surplus of $48,528.17.

Ward 4 Selectman Keith McBrayer said in the general fund budget there were no rate increases on property taxes.

The total revenues for the bond and interest fund budget are $610,140.39, and the total expenses are $547,019.45, which leaves a surplus of $63,120.94.

The total revenues for the maintenance shop budget are $309,000, and the total expenses are $308,965, with a surplus of $35.

The tourism tax budget has $265,000 in total expenses and revenue. The West Point Electric Department has $10,789,000 in total revenue, and $10,415,444 in total expenses, leaving a surplus of $370,556.

The Water and Sewer Department has $6,272,000 in total revenue, and $6,089,000 in total expenses, with a surplus of $183,000.

McBrayer said there were no rate increases for electricity, water or sewer in the budget.

A full, detailed copy of the 2017-2018 budget is available at City Hall.

OTHER BUSINESS

During the meeting, the board also unanimously accepted a bank depository bid from Cadence Bank with a fixed interest rate of 1.05 percent and no additional fees.

"Cadence is currently our bank depository, and we've had a good experience with them," Robinson said. "They've been very cooperative with us."

The board unanimously accepted a quote from Copeland Insurance for $5 million in liability, property, fire and casualty with a $2,492 total premium for McCharen Airport.

During the meeting, Robinson presented outgoing Ward 1 Selectman Linda Hannah, Ward 3 Selectman Jimmy Clark and Ward 5 Selectman Gary Dedeaux with personalized certificates thanking them for their time and service on the board as they prepare to leave office.

The new selectmen will be sworn July 3 at 10 a.m. See future editions of Daily Times Leader, or visit www.dailytimesleader.com, for further updates

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