A preliminary budget estimate for the City of Sumter's Fiscal Year 2020 was presented to the mayor and council with $2.9 million remaining to balance out before final approval.
The budget …
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A preliminary budget estimate for the City of Sumter's Fiscal Year 2020 was presented to the mayor and Sumter City Council at their regular monthly meeting Tuesday with $2.9 million remaining to balance out before final approval.
The budget estimates revenues for fiscal 2020 will be about $65 million with expenditures currently at $68 million, according to the draft budget documents.
City Manager Deron McCormick noted the city will approve a balanced budget, which means total spending will equal total earning. With the budget broken down into the general fund, TIF fund and Water and Sewer, Mayesville Water System, Stormwater, Accommodations, Hospitality and Victim's Assistance departments, everything is balanced except the general fund. The general fund includes general government, public safety, public works, parks and gardens, culture and recreation, community and economic development, debt service and appropriations to other agencies.
The Sumter Item will present a more in-depth look into the draft budget and looking ahead soon.
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