Mansfield CFO uncomfortable with final city proposed 2021 budget | News

Mansfield CFO uncomfortable with final city proposed 2021 budget | News

MANSFIELD – Linn Steward made it clear Monday night that she was uncomfortable with the city’s final appropriation budget for 2021, which city council is due to vote on by the end of March.

Speaking at a council finance committee meeting, the city’s finance director said the budget provided for an unallocated general fund balance of $ 177,315 at the end of the year, an amount that, according to her, would be the smallest end-of-year balance of her mandate.

The city started the year with a carry-over of $ 6.1 million and Steward forecasts 2021 revenue of $ 24.6 million, or about $ 30.7 million available for the general fund and funds supported by the. general fund, including $ 15.9 million for the security forces.

The final appropriation budget provides for expenditures of $ 30.6 million.

Much of the city’s income comes from municipal income taxes. Budget discussion is expected to continue Tuesday night during council caucus and a vote is expected to take place on March 16.

Steward said the city should work on an operating budget in line with the estimated revenues for the year, saying the unallocated balance has been declining every year since 2015, a year after the city emerged from the fiscal emergency imposed by the ‘State.

She warned council almost every year that the city should base its spending on estimated revenues.

“Then we would stay in a safe zone….

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