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Minutes for the Mayor’s Public Hearing-Revenue Sharing-meeting on October 14, 1977
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MAYOR’S PUBLIC HEARING - REVENUE SHARING - OCTOBER 14, 1977
The Mayor’s Public Hearing on Revenue Sharing Funds was held on Friday, October 14, 1977, at 5:00 p.m. in the Municipal Court Room. The following aldermen and department heads were present: Sanderson, Shepard, Province, Stricklin, Bridger, Medlock, Rorex, Lowe, Cameron, Davis and Powell.
Mayor advised that Federal Guidelines require that a Mayor’s Public Hearing and also a Council Public Hearing be held before budgeting of Revenue Sharing funds.
Herbert Davis, Finance Director, presented a financial report of Revenue Sharing funds, indicating a January l balance of $336,963.00.
Revenue Sharing Estimates 1978
Cash Balance 9-30-77 $292407 1978
Estimated Income 11-1 to 12-31 1977
Federal Allocation Receipts $ 95584
Interest 2500 98084
Total Available from 11-1 to 12-31 390491
Estimated Disbursements
11-1 to 12-31, 1977:
Fire 3000
Street 26798
Parks 5000
General 18730
Total Estimated Expenditures 53528
Estimated Cash Balance Forward $ 336963
Federal Allocations 1978 375000
Estimated Interest Income 1978 $ 2500
Total Estimated Available for1978 $ 714463
Balance to Carry Forward
Library -0-
Street 819633
Fire 3642145
Parks 4237500
City Shops 1655000
General -0-
Convention 20000000
Total $30354278
Balance for allocations $ 410920
Steve Bracy, representing EMS, presented the proposed budget and requested $24,000.00.
Loren Ivener, represented CRDC and asked that the $65.00 currently being paid as partial rent, be continued, and an additional $50.00 month be allocated for Senior Citizens Transportation.
C. Everett Patton, speaking on behalf of all Senior Citizens Groups, requested maintenance expenses for the new center at an estimated cost of $10,000.00.
KITS organization was represented by Alma Eldredge, who requested that more funding be made available for Senior Citizens Transportation.
The Mayor read letters from Dodie Harrelson, EAPDD, requesting that the $100.00 monthly contribution be continued and also requested that utilities be furnished at no cost. A letter from Mr. Allen Nixon, Chairman of the Jonesboro and Craighead County Library requested $75,000.00 in Revenue Sharing funds, $50,000.00 from the county and $25,000.00 from the City.
Each department head presented their requests for fixed assets budget from Revenue Sharing funds.
There being no further discussion on the business called for, the hearing adjourned.