Tags: Crestwood News, Web Exclusive
May 07, 2014 - Crestwood's revenues for the first quarter of 2014 are "slightly above" where they should be, according to City Administrator Mark Sime.
Sime presented the first-quarter financial report at a recent Board of Aldermen meeting. The report shows that general fund revenues reached $2.1 million, an increase from 2013.
General fund expenditures came in at $1.6 million, and compared to 2013, "expenditures decreased, but remain below straight-line spending for the year," according to the report.
The overall general fund balance increased with a year-to-date total of $538,795.
Revenues in the capital improvement fund came in at $377,451, which represents a decrease from the same period in 2013 "due to the grant revenue received last year for the fire truck," according to the report.
Expenditures came in at $101,318. In total, the capital improvement fund increased by $426,133. However, Sime noted in his report that the city should expect expenditures related to the Spellman Avenue construction project.
In the park and stormwater fund, first-quarter revenues are at $421,615, an increase of roughly $49,000 from 2013. Expenditures, which Sime noted in his report, are "normally low at this time of year," with the amount of $185,367.
The park and stormwater fund increased by roughly $14,000, "despite the transfer out to repay the general fund and the capital improvement fund," according to the report.
Citywide, first-quarter revenues reached $2.9 million with expenditures of $1.9 million.
"The revenues are on par with the 2013 revenues year-to-date," Sime noted in his report. "The fund balance in all three funds increased by $979,175 for the year-to-date."
Impact NewsMueller, Unsicker vying for District 91 seatMueller, Unsicker are hoping to fill seat Kirkton is vacating
Oct 26 2016Two Webster Groves residents are vying in the Tuesday, Nov. 8, election for the Dis-trict 91 Missouri House seat being vacated by Jeanne Kirkton, D-Webster Groves.... SportsPumpkin Pi Run set Saturday at Whitecliff ParkHalloween Fun Fest follows race, fun runOct 26 2016Runners of all ages will be able to celebrate their Halloween spirit at the Pumpkin Pi Run at 10 a.m. Saturday, Oct. 29, at Whitecliff Park, 9245 Whitecliff Lane....