Budget season is wrapping up and the town of Ferdinand has its new budget.
Last night, the Ferdinand Town Council formally approved the city’s 2014 budget.
The budget, which totals $1,930,924, includes a general fund of $1,018,666. Other funds included in the budget are rainy day, road and street, motor vehicle/highway, park, cumulative capital improvement, cumulative capital development, casino/riverboat, continuing education, and economic development income tax (EDIT) credit. The town’s advertised tax rate for 2014 is .7662 and the assessed value came in at just over $88.8 million.
Ferdinand town council president Ken Sicard says this year’s process of coming to a budget was aided by cost saving efforts by town department supervisors:
The total tax levy in this year’s budget comes out to $680,425. The budget now goes to the Indiana Department of Local Government Finance for its approval.
Also last night, the council heard a proposal from Paul Voegerl Jr, the owner of Jasper-based Monster Recycling of Indiana Inc, for a new recycling service in the town. Last night, Voegerl Jr. proposed a service in which each household in the town would have to buy a bin and participate in the service. The bins would cost $10.73 each and that cost would be a one-time cost. Voegerl Jr. also told the council that he already collects recyclables from several Ferdinand businesses, so businesses could also be included in his plan.
Sicard says it is a good idea and one that would be of benefit to the town:
The council decided to have Voegerl Jr. meet with council member Debbie Johnson and street superintendent Tom Leuken to iron out details. They will report back to the council at a future meeting.
In other business last night, the council approved an additional 30 thousand dollar appropriation for the current year’s budget. That money would be transferred from the town’s electric department to the general fund. That appropriation is still subject to approval from the Department of Local Government Finance.
The council also heard from police chief Ricky Patton that the department was able to obtain three separate grants totaling 34 hundred dollars for various departmental needs. These were: an $1,800 grant from Dubois County Substance Abuse, a $500 grant from Indiana University, and $1,100 in federal grant money.
In final notes, Sicard informed the council and those in attendance last night that there will be a special meeting on Thursday evening to address the application process for the town manager’s position. That meeting is set to start at 6:30 pm on Thursday and the public is invited to attend.