City council hears end of fiscal year financial report

Hopkinsville City Council heard a positive end of the 2018-19 fiscal year financial report, even though the year ended with a $173,000 budget shortage.

Chief Financial Officer Robert Martin says the reason that’s good news is because they had previously projected there would be a $1.3 million shortage in the general fund, due to monies being used to purchase a firetruck. He says due to additional revenue collection and unspent payroll, the city was able to only be short the $173,000.

All departments finished the year under budget and Martin says there is an available cash balance of $7.9 million, which is similar to the amount from one year ago.

Martin says he is pleased with the report, due to difference in the shortage and the unexpected increase in revenue growth in the month of June, saying he’s eager to see what July will look like.

In other action, council approved the partial road closure of South Kentucky Avenue along West Seventh Street on second reading. Recognized at the meeting were the Trash for Cash recipients, and two Hopkinsville police officers—Dedric Holmes and Josh Stallons—were sworn in.