A preliminary budget for the 2014-15 fiscal year was unanimously approved at a special board meeting on June 27 of the Cameron Park Community Services District.
Revenues for the next fiscal year are projected to be $4.97 million with expenses at $5.39 million.
Property taxes supply almost 65 percent of all revenues. Services and supplies make up almost 81 percent of all expenses.
The deficit of $419,532 will be made up using a surplus of $87,498 from the last fiscal year’s budget for Fire and the JPA. An additional $332,034 will be transferred out of the General Fund.
Projected losses contributing to the deficit include $26,014 in Administration; $98,612 in Fire and the JPA (net after last year’s surplus is factored in); $48,024 in the Park Department; and $208,428 for the Community Center. The only area projected to generate a surplus is the Recreation Department with an excess of $49,044.
General Manager Mary Cahill said the final budget will be adopted before Sept. 1.
Contact Dawn Hodson at 530-344-5071 or [email protected] Follow @DHodsonMtDemo on Twitter.