Wednesday, February 18, 2015

Budget Basics: Honey! I found the grants!

On page 24 of the most recent independent audit report, dated December 29, 2014, Note 4.B.:
"Intergovernmental Revenue

Under the provisions of state law, the Commonwealth of Kentucky reimbursed the City for miscellaneous operating costs during the year June 30, 2014 that are recorded as operating grants and contributions in the government-wide financial statements and as intergovernmental revenue in the road fund in the fund financial statements."
What this means is that the City of West Buechel had $1,649,826 in very ordinary income for the fiscal year ending on June 30, 2014, without an army of grant writers skinning cats in the T.E.M. building. With a better organized system, the City could have easily collected more income last year.

There is no good reason to fear the City will receive any less next year.

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