At midway point, city budget is in good shape, director notes

Print Article

Midway through the fiscal year, the city of Columbia Falls financial health is solid, city finance director Sandy Carlson told the city council last week.

The city’s revenues against expenditures are almost dead even, with total revenue of about $3.4133 million and expenditures of about $3.406 million.

Public works makes up about 40 percent of the city’s year-to-date expenditures while public safety takes up about 23 percent.

The city has about $683,000 in a bank account that it can utilize immediately — such as to pay payroll and other expenses. It has just under $5 million in an Montana short-term investment account that can be accessed within a day and an additional $2.2 million in longer term investments.

Interest earnings range from as high as 3 percent to as low as 0.4 percent for the immediate account. The bulk of the city’s cash reserves are in its sewer and water accounts, as the city will soon undertake improvement projects to address maintenance and expansion of both.

The water system needs a new well and the sewer system will be expanding in the coming years as well.

On the growth side, the city has already issued 30 building permits. Commercial building permits total $5.88 million while singe family homes were $2.3 million.

The city does have one program that continually requires subsidies from taxpayers — the pool. The city’s pool last summer brought in about $22,000 in revenue, but cost $69,433 to operate.

The city’s coffers picked up the difference of $47,335. Last year the pool was open about 55 days.

In year’s past, the city has subsidized the pool operation anywhere from $35,437 in 2015 to $58,829 in 2017. In 2017, however, the pool was open about a week longer.

Print Article

Read More Local News

Another lawsuit to challenge Forest plan

April 17, 2019 at 7:25 am | Hungry Horse News Two environmental groups have filed suit against the Forest Service and other federal agencies claiming the new Flathead National Forest plan doesn’t do enough to protect grizzly bears and bull trout...

Comments

Read More

School board green lights Boys and Girls Club

April 17, 2019 at 7:25 am | Lake County Leader The Columbia Falls School District 6 board voted to move forward with pair of projects near Ruder Elementary Monday, electing to give preliminary approval to put aside land there for a new Boys and G...

Comments

Read More

Sheriff meeting is May 3 in C-Falls

April 17, 2019 at 7:28 am | Hungry Horse News As a way of involving the community in the department, Flathead County Sheriff Brian Heino will take his agenda to the public by holding town-hall meetings to discuss changes to the department since ...

Comments

Read More

School District 6 board race: Bruce Crockett

April 17, 2019 at 7:16 am | Lake County Leader Bruce Crockett is a relative newcomer to the Flathead Valley, having lived in Columbia Falls for the past two and a half years. Crockett, 35, is the lead pastor of the new Gateway Church in Columbia ...

Comments

Read More

Contact Us

(406) 892-2151
PO BOX 189, 926 Nucleus Avenue
Columbia Falls, MT 59912

©2019 Hungry Horse News Terms of Use Privacy Policy
X
X