Archive for May 4, 2010
Edgewood Considers Budget, But Where’s The Music?
by John Weckerle
Tomorrow night, the Edgewood Town Council will review the proposed budget for FY 2010 to 2011. In some ways, it is hard to understand just exactly what they will be considering. The budget provided on the Town web site is convoluted and relatively uninformative and contains some obvious errors, which leads one to believe that there are probably less obvious errors, as well. The budget, as presented, contains numerous references to budget items that are not defined or explained. Throughout the spreadsheet provided the next fiscal year is identified as “-2012 011.” The document is provided in PDF format only; the original Excel spreadsheet is not provided, which makes it difficult to check the math or troubleshoot the equations used to calculate the figures presented.
We have been hearing word “on the street” of a projected 2% revenue decline. The budget as presented does not support such a decline; according to the “Budgeted Revenues” on the third page, municipal taxes and “general” are each slated to increase 4%, and municipal gas taxes are projected to rise by 2%. Declines in revenue from “SFC Fire Protection” and “Public Safety” are projected at 4% and 8%, respectively. The document incorrectly calculates the drop in “Parks and Recreation” revenues from $42,782 to $13,567 as a 215% decrease; the correct figure is 68%. The pie graph provided above the chart is “Consolidated Revenues” – for which fiscal year, it is anybody’s guess. Expenditure categories do not line up particularly well with revenue categories, making it difficult to reconcile what is going in with what is going out, and the spreadsheet is little help in that regard. »» Edgewood Considers Budget, But Where’s The Music?