Hopkinsville City Council heard a positive end of the fiscal year financial report at Tuesday’s meeting and approved a resolution for an HWEA project.
Chief Financial Officer Robert Martin was pleased with the report, saying all departments came in under budget and the city brought in more revenue than they budgeted for. He says they ended the fiscal year with an $8.1 million available cash balance in the general fund, which is down from last month due to year-end spending, but up approximately $730,000 from last year.
Martin says after using some of the money for special projects by the city, including funding for needs at the police department and the Museums of Historic Hopkinsville, they still ended the year with a surplus.
In other action, city council approved a resolution giving the Hopkinsville Water Environment Authority the authorization to apply for a grant with the Federally Assisted Wastewater Revolving Fund with the U.S. Environmental Protection Agency. The first amount they are requesting is $5 million, to go towards the renovation and expansion of the Wood Waste Water Treatment Plant.