A 2017 budget that projects a general fund surplus of $214,500 recently was adopted by the Green Park Board of Aldermen.

Aldermen approved a 2017 budget that projects general fund revenues totaling $1,658,900 with anticipated expenditures of $1,444,400.

City officials project a total general fund balance of $3,205,971 on Dec. 31. Of that amount, $2,483,771 is unreserved.

For the capital improvements fund, the 2017 budget anticipates revenues of $485,000 and expenditures of $558,000 — a deficit of $73,000.

“There’s an intentional decrease in the capital improvements fund of $73,000 to cover two road projects identified for 2017. That’s the Villages at Green Park and the Green Park Commerce Center …,” City Administrator James Mello said.

With a projected beginning fund balance of $551,309, city officials project the capital improvements fund will have a balance of $478,309 on Dec. 31.

Across both funds, the city’s 2017 budget projects total revenues of $2,143,900 with anticipated expenditures of $2,002,400 — a surplus of $141,500.

Aldermen voted unanimously Dec. 19 to adopt the 2017 budget. They discussed the proposed budget during a Dec. 5 work session.

“We anticipate approximately $200,000 in additional sales-tax revenue from the county 1-percent (sales tax),” Mello said Dec. 19. “That’s thanks to a Senate measure that was passed last year that becomes effective Jan. 1, 2017. That will effectively increase our sales-tax revenue by about 40 percent. That was mostly pushed through by Chesterfield, but it benefits Green Park a great deal …”

In approving the 2017 budget, aldermen also adopted an amended 2016 budget that reflects projected general fund revenues of $1,280,586 with anticipated expenditures of $1,188,400 — a surplus of $92,186.

With a 2016 beginning balance of $2,786,821 in the general fund, city officials project an ending fund balance of $2,879,007 on Dec. 31, 2016. Of that amount, $2,293,807 is unreserved.

The amended 2016 capital improvements fund anticipated revenues of $450,000 with projected expenditures of $540,000 — a deficit of $90,000. With a beginning balance of $596,308 in the capital improvements fund, an ending balance of $506,309 was projected on Dec. 31, 2016.

Across both funds, the amended 2016 budget projected total revenues of $1,730,586 with anticipated expenditures of $1,728,400 — a surplus of $2,186. Across both funds, the original 2016 budget projected total revenues of $1,730,586 with anticipated expenditures of $1,512,900 — a surplus of $217,686.

In January 2014, aldermen purchased the Green Park Professional Building at 11100 Mueller Road for $1.39 million. The city paid an additional $10,000 over the appraised value of $1.39 million as reimbursement for recent upgrades to the building, which contains eight suites. City Hall has been located in the building since the summer of 2004.

Revenue from tenants leasing space at City Hall during 2016 totaled $70,186, but before the city purchased the building, it was paying roughly $6,000 per month in rent. City officials anticipate receiving $100,000 in rental income this year.