The City of Mexico unanimously approved the revised 2021-22 FY Budget and adopted the Operating Budget for Fiscal Year 2022-23 at the Monday council meeting.
City Manager Bruce Slagle made the …
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The City of Mexico unanimously approved the revised 2021-22 FY Budget and adopted the Operating Budget for Fiscal Year 2022-23 at the Monday council meeting.
City Manager Bruce Slagle made the FY2022-23 budget presentation to the council which included:
• The total budgeted expenditures are estimated at $26,944,954 with total revenues estimated to reach $24,043,839. The expenditures exceed revenues by $2,901,115 and will be funded by project reserves, unreserved surpluses from prior years’ budgets and American Rescue Plan Funds.
• The additional expenditures are for interfund transfers, planned equipment purchases, planned capital improvement projects, project reserves and carry-over improvement projects.
• The County assesses property at a percentage of Market Value; therefore, commercial property is assessed at 32 percent, personal property at 33.3 percent, residential at 19 percent and agricultural at 12 percent respectively.
• Tax rates are levied per 100 dollars of the assessed property value.
• This year’s total property valuation is $175,152,425 as compared to the previous year’s total valuation of $158,749,469 a net assessed value increase of $16,402,956. City property tax rates will be adjusted in compliance with the Missouri State Auditor’s Office
• Pro Forma Calculation accepting the state-imposed revenue neutral formula.
• The City’s property tax rate will be $0.7377 per 100 dollars of assessed valuation.
The following grants are anticipated in support of this budget:
• ARPA – MoDNR – Stormwater Infrastructure $2,500,000
• ARPA – MoDNR – Stormwater System $2,500,000
• ARPA – MoDNR – Wastewater Fine Grit $339,700
• Parks Foundation – Pool Slide $200,000
• DOT – Airport Runway, Lighting, Apron $1,224,991
• MoDOT – TEAP – Muldrow Sidewalk $181,500
• MoDOT – TEAP – S. Clark $12,000
• ARPA – County – HIP Reimbursement $190,000
This budget includes $472,150 in planned capital improvement projects for this fiscal year. The capital projects and/or programs that are included in the 2023 Wastewater Operating Fund Budget are as follows:
• GIS – One Call Automation $15,000
•Pickup Truck - Extended Cab 4x4 $43,500
• Collection System Improvements $75,000
•Collection System – Slip Lining $100,000
• Building Improvements – HVAC $67,400
• Lift Station Pumps $25,000
• Jet Truck Cleaning Equipment $10,000
• WWTP Wet Well Recycle Pumps $66,250
• WWTP Drives and Alarms $20,000
• WWTP Sludge Thickening Pump Replacement $50,000
OTHER ITEMS:
• The council unanimously approved an ordinance which provides for the annexation of certain territory to the existing corporate boundaries of the City of Mexico. The City of Mexico received a petition from GLH Holdings, LLC to annex their property, located east of the Pearl Motor Company and south of the Arthur Center, into city limits. The annexation request was deemed reasonable and necessary for proper development of the City. The City of Mexico has the ability to furnish normal municipal services to the area, the report said.
•The council unanimously approved an ordinance authorizing Slagle to execute and aviation project consultant supplemental agreement for construction services with Crawford, Murphy & Tilly Inc. for the Design Runway Six Displaced Threshold, Runway 6/24 Edge Lighting Replacement, and Pavement Repairs at the Mexico Memorial Airport. Council approved the original consultant agreement at a March meeting. The supplemental agreement No. 1 provides the City of Mexico $150,000 for construction phase and administration services for the design Runway 6 displaced threshold, Runway 6/24 edge lighting replacement and pavement repairs project. The amount of the grant will be $134,922.17 (90 percent) and the initial amount of local matching funds provided by the City is not to exceed $15,077.83 (10 percent). There are funds available to cover the cost of the project in the 2022-2023 annual budget and airport fund.
• The council unanimously approved a resolution authorizing Slagle to sign contract documents with Flowmaster Construction LLC for the construction of a maintenance building at Elmwood Cemetery.
