The city of Angels Camp remains on track to close its budget year in June with a reduced budget deficit as tax revenues continue to come in above expectations while spending holds below.
The city’s February midyear budget review first indicated the rosy financial picture and entering the final quarter of 2011-2012, it is still on the straight and narrow path.
The city, at three-quarters of the way through the year, has spent 60 percent of its budget and pulled in 82 percent of sales tax projections, anticipating an additional $41,000 above budgeted sales tax figures at year’s end if trends hold stable.
A $184,521 deficit was projected when the city finalized its budget in August 2011.
City Administrator Michael McHatten, who will give the third-quarter financial report at Tuesday’s City Council meeting, said during the last budget presentation that the final deficit could be halved.
The city faces some unexpected expenditures also up for review on Tuesday from its separate water and Greenhorn Creek Landscape and Lighting District accounts..
A budget adjustment of $32,000 is requested to cover repairs made necessary by a February water main break and $27,550 for the replacement of dead plants and trees in the LLD.
The council will also consider proposed zoning changes in the northern commercial sector that would bring most properties there in line with the latest general plan land-use document and a consultants’ presentation of a wastewater system master plan.