Village of Cary's FY 2011-12 Proposed Budget Under Consideration

The Village of Cary’s proposed Fiscal Year 2011‐12 budget is available for review prior to the Village Boards consideration for approval.

Copies of the proposed budget are available for review at the and also at the .

The proposed budget has been in development for three months, since January 2011, when the Village Board held its annual budget workshop.

The goal of the budget workshop is to identify those initiatives that are a priority to the Village Board in the upcoming fiscal year that starts May 1.

The total proposed budget for FY 2011‐12 calls for $20,757,228 in expenditures. The total proposed budget includes the General Fund, Water and Sanitation Fund, Roadwork Improvement Fund, Capital Projects Fund and various other funds.

The total proposed budget includes projects such as the on‐going Road Resurfacing Program and the retirement of the Waterworks and Sewerage Revenue Bonds, Series 2002.

“The proposed budget is completely sound, just like the Village’s overall financial position,” stated Village Administrator Cameron Davis.

The Village’s largest fund is the General Fund. The proposed General Fund budget is balanced at $7,048,063.00, a $29,812.00 reduction from the previous fiscal year.

“The Village of Cary is in outstanding fiscal shape because we have been extremely frugal over the years,” stated Tom Kierna, Mayor.

“Cary residents can expect to see the same fine levels of service they have come to expect from the Village of Cary, as a result of this budget,” continued Mayor Kierna.