The Princeton City Council on Monday heard an audit presentation, conducted the first reading of the budget for the fiscal year 2021-2022, and approved the first reading of two ordinances.
Under new business, the council heard an audit presentation for the fiscal year 2020-2021 by Jessica K. Daniel CPA of Eddyville. It was accepted and filed.
Princeton’s total governmental revenues were $4,619,012, an increase of more than $100,000 from last year.
Governmental expenses increased by $768,062. Combined adjustments totaled $832,966.
“Most everything was in line with your budgets and in line with prior year,” Daniel said.
Mayor Dakota Young said, “And of course like you mentioned, one of the largest items that skewed some of these numbers, was the fact that we knocked back such a large amount of paving there at the very end of the year, which we had expected.”
The first reading of Ordinance 06-07-2021-2 FY 2022 Pay Plan was approved. The ordinance modifies the salaries of appointed city officers and personnel pay plans.
Amendments were made to the city personnel and volunteer firefighter’s salaries and rates. Adjustments take effect July 1, 2021.
Ordinance 06-07-2021-1 FY 2022 Budget first reading was approved. The ordinance was accompanied by a letter addressed to the council from Young.
The proposed fiscal year (FY) 2022 budget is based upon projected government-wide revenues and expenditures of $7,161,102.66, according to city documents.
“With the current fiscal year’s rosy outlook coming on the heels of consecutive six-figure surpluses, in the first two budget years of this administration, the city’s general fund cash balance has unsurprisingly seen tremendous growth,” Young said.
The proposed budget enables the city to finance a $1.95 million investment that upgrades the police station, public works garage, fire station, and city hall, designates $500,000 for street and transportation infrastructure, expands employee health coverage, and amends city personnel pay rates.
In other business:
- Public work truck bids have not been awarded — the council is waiting for accurate and updated truck prices.
- During the Alcohol Beverage Control report, Young said, “We definitely haven’t seen any decrease, even with some of the surrounding communities going wet.”
- Councilwoman Pat George reported for the water commission. She said the water treatment plant received an award for being 100% accurate on reports every month in 2020, a new engineering firm has been employed, fire hydrants should be flushed, several policies were updated, and water flow study results are being prepared.
- Councilman Jim Joiner gave an airport board report. He announced the airport is receiving more plane traffic—mostly landings for business purposes. Flights are coming from Louisville, Elizabethtown, Illinois, and Georgia. Joiner also noted that an emergency landing was made at the airport recently—without injury or damage.
- The council approved to renew Police Chief Chris King’s contract for one year.
The next council meeting is scheduled for June 21 at 5 p.m.