Grantwood board OKs $400,000 2012 budget

A fiscal 2012 budget of roughly $400,000 was unanimously approved last week by the Grantwood Village Board of Trustees.

The board voted 4-0 May 17 to approve the budget, which calls for $403,337 in revenues, $400,128 in expenditures and an estimated $3,208 surplus by the end of fiscal 2012. The village is projected to end the current fiscal year on June 30 with $408,126 in revenues, $351,022 in expenditures and a $227,557 cash balance.

Despite incurring some unforeseen costs this fiscal year — such as $4,000 to replace the air conditioner at Village Hall and more than $15,000 in legal fees related to the unsuccessful attempt to annex the former Busch property along Gravois Road — the village is projected to see a roughly $57,000 budget surplus.

Budget director Joe Forand last week attributed the surplus in part to a cheaper police contract with the county, an $11,000 upswing in municipal court fines over fiscal 2010 and a “fairly large sum” of unspent road maintenance funds.

For fiscal 2012, Grantwood anticipates an 8.7-percent drop in revenue received from the state and a 0.6-percent decrease in county revenue as the village’s population decreased by 20 people in the recent census, Forand said. The village also expects a $750 increase in its annual electric bill from Ameren Missouri, he said.