Dvoraczky: City has 'decent chance' for budget surplus in 2013
Updated projections show the city of Grandview Heights' revenues may exceed expenditures in 2013.
Director of Finance Bob Dvoraczky told City Council's finance committee Monday, Nov. 19, that "courtesy of Grandview Heights voters" who passed the city's 7.5-mill replacement levy Nov. 6, "we have a decent chance" of having a budget surplus for 2013.
Estimates updated Nov. 19 show general fund revenues will exceed expenditures by $133,234 in 2013, Dvoraczky said.
If the numbers hold true, it would be the first time that has happened since 2008, he said.
Dvoraczky cautioned that "this is a living document" and additional information or unforeseen circumstances could impact the projected budget numbers.
"But at this point, this is what the data tells me," he said.
The finance committee met Nov. 19 before council's regular meeting to continue its review of the proposed 2013 budget presented earlier this month by Mayor Ray DeGraw.
The draft budget proposes a $9,454,266 general fund budget for 2013 -- an increase of $41,025, or 0.44 percent, from the initial 2012 budget council passed.
Council is expected to vote on a final 2013 budget package at its Dec. 3 meeting.