Council approves 2027 appropriations ordinance after finance review

Council approved the second reading of Ordinance 14-31, the 2027 appropriations ordinance, after a presentation by the finance officer. Michelle summarized the budget: "Total revenues are just over 52,000,000, total expenses are 54,000,000, results in a use of cash of 1,800,000." She said the one-time use of cash is permissible under state law and described reserve-level reporting and the city's five-year capital plan.

The ordinance establishes the general fund tax levy to be collected by Lawrence County for 2027 and was approved on a roll-call vote with council members voting in favor. Staff said the city's reserve requirement for the general fund is 30% and the treasurer's report showed reserves and cash balances; the council will post the approved budget on the city website.