Town of Clover

Resolution #20210414-1C, 2020 Budget Reconciliation related to 58000—Debt Service

 

  • Whereas, in 2020 the Debt Service expenses exceeded the budget by $98,200, and
  • Whereas, in 2020 41000–Tax Roll, after December taxes received were removed, demonstrated in excess of $13,544 of taxes received over budget, and
  • Whereas, in 2020 44000—Licenses and Permits income exceeded the budget by $15, and
  • Whereas, in 2020 48000–Miscellaneous Revenues exceeded the budget by greater than $19,171, and
  • Whereas, in 2020 51000—General Government the budget exceeded expenses by $5,110.86 once Donations were included, and
  • Whereas, in 2020 55000—Culture, Recreation and Education budget exceeded expenses by greater than $13,750, and
  • Whereas, in 2020 57000—Capital Outlay budget exceeded expenses by $8,000 , and
  • Whereas, in 2020 59000—Other Financing Sources income exceeded the budget by greater than $38,608.14,
  • Now Therefore Be It Resolved that $13,544 of 41000—Tax Roll income over budget partially cover 58000—Debt Service expense over budget, and
  • Further Be It Resolved that the $15 of 44000—Licenses and Permits income in excess of budget partially cover 58000–Debt Service expense over budget, and
  • Further Be It Resolved that $19,171 of 48000–Miscellaneous Revenue income over budget partially cover 58000—Debt Service expense over budget, and
  • Further Be It Resolved that the $5,110.86 of 51000—General Government budget exceed by expenses partially cover 58000—Debt Service expense over budget, and
  • Further Be It Resolved that $13,750 of 55000—Culture, Recreation and Education budget in excess of expenses partially cover 58000—Debt Service expense over budget, and
  • Further Be It Resolved that the $8,000 of 57000—Capital Outlay budget in excess of expenses partially cover 58000—Debt Service expense over budget, and
  • Further Be It Resolved that $38,608.14 of 59000—Other Financing Sources income in excess of budget partially cover 58000—Debt Service expense over budget.
  • Thus, the total coverage of 58000—Debt Service is $98,200.

Adopted this 14th day of April 2021

 

Beverly M. Steele, Chairperson                       Sheryl Isaksson, Supervisor

Barb Rebak, Supervisor                                   Jack Smith, Supervisor

Patti Stemwedel, Supervisor

 

Attested this 14th day of April 2021 by:

Tracy Gillespey, Clerk

 

Resolution #20210414-1C, 2020 Budget Reconciliation related to 58000—Debt Service