BROCTON - Village of Brocton trustees resolved to adopt Brocton's 2013-14 budget, which was presented with a $0.09 increase for this budget year.
Members of the board approved the village's general budget in the amount of $643,568, calling for an increased tax rate that has been set as $11.15 per $1,000 of assessed valuation. Expected revenues are estimated at $298,147. $50,800 still remains in the unreserved fund balance from the previous budget year, and $294,621 is expected to be raised from taxes. The village's fiscal year will commence on June 1 and end on May 31, 2014.
The village's trustees also unanimously approved utility budgets for the expected budget year during their meeting on Wednesday, April 17. Brocton's electric budget was approved in the amount of $719,293; expected revenues total $663,225 and $56,068 remains in the unreserved fund balance. The water budget was authorized in the amount of $470,583 with anticipated revenues of $436,100 and $34,483 in the department's unreserved fund balance. The wastewater budget was authorized in the amount of $496,072. Expected revenues for wastewater treatment services amount to $372,525 and $123,546 exists in the unreserved fund balance for this budget year.