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Authority approves operating budget

January 7, 2012

Photo by Gian DeLoia – Ridgway Township Municipal Authority officials discuss the 2012 operating budget.

The Ridgway Township Municipal Authority approved the 2012 estimated operating budget during Thursday night's regular meeting.
Accountant Jeff Schutz estimates a total operating revenue of $993,910 with a capital expense of $75,000.
"I did hear some discussion of grinder pumps at Montmorenci and other issues that you may need to spend some money," Schutz said. "So you will have that $75,000."
According to Schutz, the 2012 budget is "in comparison" with the 2011 budget.
"I ran the numbers," Schutz said. "I have the actual numbers and they were very close to last year's budget. The difference between this year's budget and last year's budget is there is $4,000 more budgeted for estimated operating revenue and there is $6,000 less budgeted to spend and the fixed payments will stay the same."
Schutz said the 2011 budget had an excess of revenues over expenditures of $64,000.
"If you see the $4,000 in additional revenue and the $6,000 less expenses that makes up $10,000 or $11,000 and if you add that to your $64,000, that you passed for last year's budget, you will come up with $75,000 that I have for this year's budget," Schutz said. "It works right into it. It was pretty clean to do."

Pick up a copy of the Saturday, Jan. 7, 2012 edition of The Ridgway Record for more.

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