The Marthasville Board of Aldermen approved their 2024-25 fiscal year budget at their June 19 meeting.
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The Marthasville Board of Aldermen approved their 2024-25 fiscal year budget at their June 19 meeting. While the budget is set as a guideline for the city’s finances for the next year, Mayor David Lange noted that the board can amend that budget at any time to fit future expenditures or incomes.
It is notable that while the board held a public hearing before their regular meeting for citizen discussion of the budget, and notice was made in previous editions of the Record, there were no citizens present to comment at the hearing.
While the budget largely represents a continuation of financial decisions from previous years, there are some notable changes. The budget for the 2024-25 fiscal year currently projects just under $1.2 million in income and just over $1.5 million in expenses, leaving the city in a $350,000 deficit.
Mayor David Lange said many of the added expenditures were in the city’s roads department, which still has active projects to improve the infrastructure within the city limits. The vast majority of the city’s projected deficit in the coming year is from just over $300,000 in capital improvements to roads.
The expenditures from the city’s water department have decreased significantly as Marthasville nears the end of a years long project to improve those services.
Under the current projections, the water department will be in the black for the first time in at least three years, with the deficit peaking in 22-23 at just over $2.2 million. Projected profit in the water department is $36,000.
Lange wanted to make note that the Rusche Park was still solvent and he felt that the board had been carefully managing those funds. The city plans to spend $37,900 from that fund in the coming year with a majority of those expenses going towards park improvements and an additional $10,000 being spent on park maintenance.
If the city does decide to spend that money they will finish out the year with a projected $66,000 remaining in the fund.
“A copy of the budget may be requested and reviewed at the Marthasville City Hall during all normal business hours,” said Lange.
