Reynoldsburg City Council's finance committee recommended no changes to the city's proposed 2012 budget during a March 19 meeting.

Reynoldsburg City Council's finance committee recommended no changes to the city's proposed 2012 budget during a March 19 meeting.

A special finance committee meeting is scheduled for 7 p.m. Monday, March 26, to discuss the budget again, after which council will take action that night. The final budget must be approved by April 1.

Two weeks ago, Councilman Chris Long said Reynoldsburg is in the "good zone" for its 2012 budget, thanks to $3 million in carryover funds from last year, money that will be used to cover an anticipated $1.3-million deficit.

City Auditor Richard Harris said the $3 million left in the city's general fund after last year is about $800,000 more than expected. He said the reason was because instead of running a deficit last year, the city ran a surplus, especially over the last couple of months of last year.

Estimated revenues this year are targeted at $12.7 million, with $14 million in expenditures, Harris said.

He said the $3 million in the general fund will stay there this year and be available to make up for the $1.3-million shortfall, if needed.

"At this point, there's no reason to transfer any money yet," Harris said.

"Now there may be a reason down the road, if we have a situation where it looks like we'll run short of money if the tax revenues aren't holding up."

Harris said the city will monitor the situation closely and take action as needed for 2012, but 2013 remains a question mark.

"Next year is a big question mark. Last year we said 2012 is not the problem, but 2013 is the problem, and it still remains the problem," Harris said.

"We're going to lose another $150,000 a year from the state, and the estate tax, which is about $300,000, and as expenditures continue to go up we're going to have that loss of revenue, ... it's a problem," he said.