Winter Park stays in black for 2014 budget
December 20, 2013
The Town of Winter Park is expecting to remain in the black for 2014 with no debt budgeted for the municipality, while the town is budgeting just under $100,000 for capital projects and improvements.
With town revenues budgeted to reach $5.9 million in 2014, the town is expecting to spend $6.5 million while keeping $2.5 million in statutory reserves.
The town is taking a "conservative" approach to its revenue forecasts for 2014 "as a result of our continued uncertainty with the economy but also unfavorable snow conditions," according to a budgeting brief written by Finance Director Bill Wengert.
Expenditures for the town include $3.9 million in operating costs, $1.4 million in marketing, economic development, and public transit costs, $118,000 in equipment purchases, $944,000 in capital improvement projects, and $122,000 in local grants.
The capital improvement projects the town plans to undertake in 2014 include money for the Kings Crossing enhancement, a railroad quite zone, improvements to Hideaway Park and the music stage at the park, upgrades to town buildings and the lighting for the town's parking garage, as well as asphalt and concrete repair and replacement.
Operating expenses account for 62 percent of the town's planned expenditures, while marketing and development costs equate to 14 percent of the town's planned expenses.
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The town plans to raise $4.74 million in tax revenues in 2014 and $1.2 million in other revenues.
The town reduced its full-time equivalent staffing to 35.5 full-time equivalent employees in 2014 from 36 in 2013.
Reid Tulley can be reached at 970-887-3334