Alva Recreation Complex approves budget for FY19

 


Members of the Alva Recreation Authority held a special meeting on May 21 to review and approve the budget for next year. The authority ended up May with a cash bank account balance of $127,498.95, and a certificate of deposit balance of $413,079.71.

The annual budget for this year predicted revenue of $748,396. A balance left to be spent in June is $82,311.78. The expenditure budget through May totaled $952,101, which means the expenditures would exceed the budget by $203,705. The actual deficit is coming in at $62,853.15 because the whole projected budget was not encumbered. The board had...



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