Rec park to dip into savings for new budget
May 28, 2017
The Alva Recreation Authority heard a budget proposal that had been worked up by City Manager Joe Don Dunham and Alva Recreation Complex Manager Courtney Nesseralla that calls for expenditures of about $200,000 more than income.
This imbalance will dip into the reserves built up by the authority during the oil-boom days. At present, the authority has $320,750.27 in cash, and Certificates of Deposit of $408,185.99.
By using about half of the $408,185.99, the board will be able to continue with their strategic plan of building shade shelters over the baseball fields and softball fields, whi...