The Prestonsburg City Council approved its upcoming fiscal year budget last week, detailing an expected increase in revenue for the city and its affiliated entities.
The budget, which takes effect on July 1, reflects $8.6 million in revenues and expenses, which is about $63,000 more than the current year budget.
The budget allots about $5.5 million for Prestonsburg, $831,000 for Stonecrest Golf Course, $870,000 for tourism, $549,000 for Prestonsburg Parks and Recreation, $908,000 for the Mountain Arts Center and $12,000 for the senior citizens center.
City of Prestonsburg budget
Prestonsburg’s $5.5 million budget shows the city expects to receive about the same amount in taxes and fees in the 2019-2020 fiscal year: $650,000 in property taxes, $100,000 in motor vehicle taxes, $285,000 for the minimum license fee, $1.85 million for its occupational license fee, $100,000 for alcohol licenses, $25,000 in building permits, $785,000 in insurance premium taxes, $110,000 in franchise fees, $20,000 in parking fines, $60,000 in coal and mineral severance taxes and, among other revenues, $700,000 in sanitation fees, an increase of $25,000 over the current fiscal year.
The budget removes $7,000 in administration fees for the collection of taxes for Prestonsburg Tourism, and tax collections for the North Floyd Fire Protection District are budgeted to increase by $50,000 to $160,000.
Prestonsburg also expects to receive $12,500 in donations for the annual Back Pack to School Bash, which is set to be held at the Prestonsburg Sports Complex on July 19. The city expects to receive $35,000 less in municipal road aid funds in the upcoming fiscal year, with that line item budgeted at $65,000.
Total expenses in each city office — which include salaries as well as other expenses in each department — are: $80,000 in the mayor’s office, $494,000 in dispatch, $76,500 in code enforcement, $1.5 million in administration, $1.1 million in police, $983,000 in public works, $982,500 in the fire department, $10,000 for the city council and $154,800 for landscaping.
The MAC’s $908,000 budget reports most of its revenue, $235,000, coming from ticket sales, which is budgeted slightly higher than revenue expected from the transient room and restaurant taxes, $225,000. Other revenues include $80,000 expected in donations, $100,000 from concessions, $60,000 in theatre and room rentals and, among other costs, $50,000 in ticket fees.
The budget allots most of the MAC’s expenses to payroll and employee benefits, $336,000, and the MAC expects to spend $35,500 for the memorandum of agreement with Big Sandy Community and Technical College, $85,000 on utilities, $60,000 on maintenance and cleaning, $35,000 for concessions, $125,000 on artist fees, $59,000 on the opry shows and $100,000 on other event-related expenses.
Stonecrest Golf Course, which ended the 2017-2018 fiscal year with a deficit of about $122,000, expects to end the 2019-2020 fiscal year in the black, with about $831,000 budgeted.
The golf course gets most of its revenues from memberships ($165,000) and green fees ($155,000). Other significant revenues budgeted include $90,000 for outings and tournaments, $75,000 from Prestonsburg for payroll reimbursement, $69,000 from Prestonsburg Tourism and $62,000 in cart rentals.
The golf course expects to spend $116,000 on wages and benefits in the new fiscal year, $52,500 for golf cart leases, $25,000 for electricity and, among other expenses, $22,000 for tournaments.
In the grill, Stonecrest expects to spend about $115,000 and receive $160,000 in revenues, with the majority of expenses budgeted for wages ($46,000), food costs ($35,000), alcohol ($16,000) and beverages ($13,000).
In maintenance, the highest expenses are wages, budgeted at $280,000, and chemicals/fertilizers, budgeted at $108,000. Fuel, repairs and supplies are budgeted at about $15,000 each.
Prestonsburg Tourism will disperse most of its $870,000 in income to other entities. As required by the ordinance that created it, Prestonsburg Tourism will keep about $296,000 of the taxes it receives and provide $287,000 to Prestonsburg Parks and Recreation, $226,000 to the MAC and $69,600 to Stonecrest.
The agency will spend most of the $296,000 in its budget for wages and benefits, which are budgeted at $115,800. Other significant expenses include $85,000 in advertising, $50,000 in grants and $14,000 in transportation.
Prestonsburg Parks and Recreation budget
The $549,000 budget for Prestonsburg Parks allots most of its revenue, $295,000, from Prestonsburg Tourism and another significant chunk of revenue, $117,000 from Prestonsburg.
The parks commission expects to earn $45,000 from the swimming pool, with the majority of those funds, $20,000, expected in admission fees, pool parties ($15,000) and from the grill, ($8,000). The park also expects $15,000 in gym rentals, $37,000 in skating rink rentals, $9,000 from the carnival and $9,500 in sports income.
Significant expenses include $405,000 in wages and related expenses, about $58,000 in utilities, $15,000 for gas, $28,500 in supplies and maintenance costs, $8,500 for sports, $1,500 for the skating rink and $5,000 for the swimming pool.
The parks commission expects to spend $7,200 on holidays in the upcoming year, with the majority of that amount, $6,000, budgeted for Christmas.