Silver Lake 2017 Budget Shows Positive Cash Flow
SILVERLAKE — During a public hearing on the 2017 Silver Lake budget, the proposed 2017 budget could mean four straight years of positive cash flows.
The total general fund for 2017 comes out to around $391,000 and the proposed budget would spend around $360,000. This would leave an anticipated positive cash flow of around $27,000.
“Through better budgeting over time this is the fourth year you’ve had a balanced budget,” said Eric Walsh, Umbaugh financial advisor. “Things are in a very good shape.”
The proposed budget will now need to be adopted at a public meeting at 5 p.m. on Monday, Oct. 24.
After the budget meeting, the council continued with the regular meeting.
The current bridge/sidewalk project has been approved by the state highway. The next step is to gather easements from the five property owners whose land overlaps the project. The board approved $2,945 for A&Z Engineering to do the legal work involved with gathering the easements.
In other news:
- The OCRA grant was tabled until next April. The town still needs to get one easement approved and an archeological study done before the grant can be applied for.
- The Sediment Removal Grant application is ready and needs to be turned into the DNR.
- Leaf pick-up has begun. The town will pick up leaves through Thanksgiving.
- The pavilion will be closed and winterized on Nov. 1.
- The fire department will be flushing hydrants next week. It’s expected to last Monday through Wednesday.
- The Lion’s Club Halloween party/contest will be at 6 p.m. on Monday, Oct. 31 at the Conservation Building.
- Trick-or-treating hours are from 6:30 to 8 p.m. on Monday, Oct. 31.
- Halloween Fest will be held at the old fire station from 6:30 to 8 p.m. on Monday, Oct. 31. There will be cookies, hot chocolate and treat bags available.